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Balmer Lawrie invests Rs. 50 cr for building cold chain warehouses

Balmer Lawrie invests Rs. 50 cr for building cold chain warehouses

Friday, April 14, 2017, 12:59 PM

Miniratna PSU Balmer Lawrie & Co Ltd has said it is investing Rs.50 crore for the construction of two cold chain warehouses to tap the growing demand for temperature controlled warehousing facilities. Of the Rs. 50 crore, the PSU would be pumping some Rs.33-34 crore from internal accruals as it has sufficient free cash, the company Chairman and Managing Director, Prabal Basu, said.
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