Business Daily from THE HINDU group of publications Tuesday, Oct 24, 2006 ePaper |
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Corporate
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New Projects Logistics - Supply Chain Management Balmer Lawrie plans expansion in Chennai CFS Our Bureau
Chennai , Oct. 23 Balmer Lawrie & Co is expanding the capacity of its container freight station (CFS) in Chennai. An additional area of seven acres adjacent to the existing CFS in Manali, in Chennai, is being developed to allow storage/handling of larger number of containers. The investment in this project, excluding the cost of land, will be Rs 12 crore. Work has begun and is expected to be completed before the year end. The new facility will generate revenue in the present fiscal itself, says a company press release. The funding of this capital expenditure is being done from internal accruals.
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