Transportation sector projects by Balmer Lawrie & Co Ltd in Multi Location
Project Information
7093
Balmer Lawrie & Co Ltd
Balmer Lawrie & Co Ltd has planned around Rs.400 crore capital expenditure in the next two to three years in its logistics business vertical.
Prabal Basu, CMD, told reporters after its AGM here that the proposed multi-modal logistic hub at Visakhapatnam would see an investment of around Rs.220 crore and Rs.165 crore for setting up seven temperature-controlled warehouses across the country.
Construction work for the logistics hub has begun in July and is expected to be ready by next July.
The hub, which is being set up through a 60:40 joint venture with the Visakhapatnam Port Trust, will have a container freight station, warehouses including cold storages and railway sidings.
VPT has provided 53.02 acres on lease as its equity in the joint venture – Visakhapatnam Port Logistics Park Ltd. Balmer Lawrie will make cash investment and manage the project.
Project Value
INR 400 Crore /-
Planning
Multi Location
Multi State
India
Transportation
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