Balmer Lawrie to set up logistics park near city

KOLKATA: Diversified PSU Balmer Lawrie & Co has got the board's approval to set up a logistics park at Dankuni near the metropolis involving an investment of Rs 150 crore, an official of the company today said.


"Today, we got the board approval to acquire 55 acres near Dankuni for a logistics park," Chairman and Managing Director of Balmer Lawrie Viren Sinha said.

The land would be directly purchased from the owners and the targetted outgo on account of this was Rs 40 crore, he told reporters here today.

The land had been identified and talks with land owners were positive.

The park would have a container freight station, rail connectivity and warehousing facilities, he said.

Besides this, Balmer Lawrie would also set up a new plant at Navi Mumbai at an investment of Rs 100 crore for manufacturing steel barrels and a multi-modal logistics park at Vizag in collaboration with Vizag Port Trust at a cost of Rs 220 crore.

The company would, however, close down its tea business as the turnover from the division was insignificant, Sinha said.