Balmer Lawrie & Co Ltd has planned to create a cold chain infrastructure at a cost of Rs 165 crore. Virendra Sinha, CMD of Balmer Lawrie told reporters after the company’s AGM that the company would set up three temperature controlled warehouses in the national capital region, Hyderabad and Patalganga near Mumbai. The planned investment would be for strengthening the company’s logistics business network at different regions across the country. “The proposed end-to-end cold chain services would cater to the needs of pharmaceuticals, dairy products, meat and poultry items players”, he added.

One warehouse would come up later in this financial year. The two others would follow in the next fiscal. “We have got the land in Hyderabad as well as in the NCR. We are likely to obtain land in Maharashtra Industrial Development Corporation soon for the third infrastructure. Each warehouse will have a capacity of around 3000 cubic metres of storage space. In the second phase, we have planned to roll out four more such warehouses in Chennai, Kolkata, NCR and Bangalore” Sinha explained.

He also said the proposed Rs 220 crore multi-modal logistic hub project in partnership with the Vijag port trust was underway. The project on 55 acre land would house container freight station, railway sidings, ICD, air freight station and truck terminal. The proposed 60:40 joint venture would build, manage and operate the hub. It would be ready by end of the second quarter of the next financial year, he said.

The company has also decided to add finished leather chemicals in its Chennai plant portfolio through a technical tie-up with an Italian company.

Related Topics
comment COMMENT NOW