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 signed the Memorandum of Understanding (MoU) for 2019-20 with the Ministry of Petroleum & Natural Gas (MoPNG) on May 29, 2019 at New Delhi. The MoU was signed by Dr. M M Kutty, Secretary, MoPNG and Shri Prabal Basu, C&MD, Balmer Lawrie & Co. Ltd. in the presence of Senior Officials of the Ministry and Balmer Lawrie.
The MoU targets include revenue from operation, operating profit, return on investment with focus on capacity utilization, R&D, innovation and technology upgradation, capital expenditure, inventory management, return on investment in JVs, reduction in contingent liability and human resource management.
Sunday Dec 22 2024
