Founded by two Scotsmen, Stephen George Balmer and Alexander Lawrie, in Kolkata, Balmer Lawrie & Co. Ltd. started its corporate journey as a Partnership Firm on 1st February 1867. Traversing the 157 years gone by, today Balmer Lawrie is a Miniratna - I Public Sector Enterprise under the Ministry of Petroleum and Natural Gas, Govt. of India, with a turnover of Rs. 2383 crores and a profit of Rs. 154 crores.
Balmer Lawrie is a diversified PSE leveraging technology and innovation for manufacturing and providing world class solutions.
Balmer Lawrie adheres to robust corporate governance practices, emphasising on transparency, accountability, and ethical conduct to ensure sustainable business growth and stakeholder trust.
Balmer Lawrie regularly invites tenders for various projects and services, promoting fair competition and transparency in the procurement process.
Balmer Lawrie through regular press releases, events and newsletters, ensures that its stakeholders are well-informed about the company's latest developments and achievements.
Balmer Lawrie Reports Excellent Results
Balmer Lawrie & Co. Ltd., the diversified Mini Ratna Category – I PSE, has reported excellent results for the first quarter of the current fiscal year. The total income for the first quarter registered a gain of 17% quarter on quarter and rose to Rs. 607crores from Rs.521crores for the same period last year. The Profit before Tax was up by 35% and stood at Rs.64.19crores for the quarter ended 30th June, 2011 as compared to Rs. 47.59crores for the same quarter last year. Correspondingly, the net profit during the quarter increased by 41% to Rs.44.91 crores compared to Rs. 31.82 crores for the corresponding period last year. All the major businesses have performed better in the first quarter as compared to the corresponding period last year. Industrial Packaging amongst the Manufacturing businesses and Logistics Services amongst the Service businesses have delivered outstanding performances.
Sunday Dec 22 2024
