Balmer Lawrie invests INR 50 cr for building cold chain warehouses
Balmer Lawrie & Company Limited has said it is investing INR 50 crore for the construction of two cold chain warehouses to tap the growing demand for temperature controlled warehousing facilities.
Of the INR 50 crore, the PSU would be pumping some INR 33-34 crore from internal accruals as it has sufficient free cash, the company Chairman and Managing Director, Prabal Basu, said.
The company is constructing two temperature controlled warehouses one at Delhi NCR and the other at Patalganga, Maharashtra, Balmer Lawrie Director (Services) K Swaminathan said.
This project has also been approved for subsidy recently by the government which is promoting such projects to reduce the wastage of perishable items by 10%.
He said that “The NCR cold warehouse will be opened in May and by September, Patalganga will be operational. The project will focus on vegetables and fruits. Patalganga will be mainly act as sourcing hub and NCR as distribution centre.”
The company also has one operational warehouse at Hyderabad. The three warehouses would support modern retail, restaurants and food & beverage sector.
Each of the cold chain warehouses would have about 3,800 tonnes storage capacity. The company will also procure 18 air-conditioned vehicles for its own logistics.
With these three warehouses, Balmer Lawrie completes first phase of the cold chain infrastructure project.
Tag Keyword: Balmer Lawrie & Company Limited , Cold Chain Warehouse , Logistics , Vehicles