Balmer Lawrie & Co – #DARKHORSESTOCK

thumbnail
Reading Time: 5 minutes


Cmp-110

Balmer Lawrie & Co is a 153 years old almost debt free Govt Company. The company is engaged in products such as steel barrels, industrial greases, specialty lubricants, corporate travel and logistics services. It has a presence in performance chemicals and logistics infrastructure. It is also the largest manufacturer of steel barrels in India. Headquatered in Kolkata company has offices throughout India and also in Bedford UK.

Founded in 1867 in Kolkata , India by two Scotsmen: George Stephen Balmer and Alexander Lawrie. Today Balmer Lawrie is a Mini-Ratna I Public Sector Enterprise under the Ministry of petroleum and Natural Gas, Government of India. It became a Private limited company in 1924 with a Paid up share capital of ₹40 lakhs, a Public limited company in 1936 and then a Government of India Enterprise in 1972.

Today Balmer Lawrie has six business units – Industrial Packaging, Greases & Lubricants, Leather Chemicals, Travel & Vacations, Logistics and Refinery & Oil Field Services with offices spread across the country and abroad.

There was hardly any business where Balmer Lawrie did not delve into in its formative years, whether it was from Tea to Shipping, Insurance to Banking or Trading to Manufacturing. The company has left a mark of its own at every step of its remarkable corporate journey. Balmer Lawrie also grew inorganically through various JVs over the period of time.

Industrial Packing-:

Balmer Lawrie is the largest manufacturer of MS Drums in India and is the market leader in the industry with over 40% market share. Company has 6 manufacturing units across the country including a state-of-the-art High Throughput Plant at Taloja, Navi Mumbai. Its customer segments include PSU Oil, MNC Oil, Local Oil, Transformer Oil, Chemicals, Additives, Agrochemicals, Bitumen and Bitumen emulsion, Food & Fruit Pulp companies and Exports.

Also Read on FinMedium:  Relaxo Footwear (A brand?)

The company offer UN certified products and can also deliver drums confirming to BIS or specific customer specifications.

Balmer Lawrie has two joint ventures  in this domain:

  1. Balmer Lawrie – Van Leer Ltd. in India which was formed in 1993 and manufactures steel drum closures and plastic containers.  Van Leer Industries was acquired by Greif Inc. Corporation headquartered in Delaware, Ohio; USA and then partnered with BL in BLVL. Greif Inc. Corporation is a global leader in industrial containers and products
  2. Balmer Lawrie [UAE] LLC, at UAE which was formed in 1978. BLUAE, a pioneering container manufacturing company in the Arabian Gulf, is a manufacturer of steel drums, tin and plastic containers of different capacities. The major user industries it caters to include lubricants, chemicals, paints, edible oils and ghee industries. BL (UAE) is a market leader in the packaging industry

Greases & Lubricants

Balmer Lawrie pioneered grease manufacturing in India in 1934 at Sewree (Mumbai) and in 1937 at Kolkata. With about eight decades of manufacturing experience Balmer Lawrie’s Balmerol greases are the leaders in their categories.

Balmer Lawrie is the first choice of major customers like Indian Defence, Mining, Railways, major industries like Steel, Cement, Non Ferrous Metals, Coal, Sponge Iron, Jute, Sugar, Engineering and Automobile companies etc

Leather Business

Balmer Lawrie entered into Leather Chemicals business in 1983 by taking up manufacture of synthetic Fatliquors in Chennai. Since then, Balmer Lawrie has achieved many milestones, foremost amongst which is becoming the market leader in fatliquor segment. Balmer Lawrie has a state of the art Product Development Center at Chennai, which is fully equipped with all modern facilities to develop and evaluate leather chemicals. It has Technical Service Centers spread all over India in cities such as Kolkata, Kanpur, Ranipet, Ambur & Chennai.

Also Read on FinMedium:  The women who knew too much

The manufacturing plant is with a state of the art Zero Liquid Discharge facility (ZLD), certified with ISO 9001, 14001 and OHSAS 18001.

Refinery and Oil Field Services

Balmer Lawrie specialize in providing value added technical services focusing on the oil & gas Industry. In this domain, the emphasis is on providing services, centered on pollution prevention & recovery of hydrocarbon from wastes. The company is one of the pioneers of Mechanized Oily Sludge processing in India, possessing state of the art technology & thorough expertise in the field, having successfully executed projects with all major refineries & oil installations in the country.

Online Travel portal

Balmer Lawrie also runs and maintains online travel portal similar to make my trip through which flight tickets , vacation stays , trips can be booked . The portal is maintained under the brand FlyLikeKing.com

Logistics

Logistics Infrastructure

Balmer Lawrie has three state of the art Container Freight Stations (CFSs) at Kolkata, Mumbai and Chennai that form part of SBU: The warehousing and distribution facilities at Kolkata and Coimbatore are testimony to Balmer Lawrie’s ability to successfully handle a whole range of cargo promptly and safely. The CFSs are wholly equipped for secure handling and on time delivery of cargo, whether it is over dimensional, perishable, temperature sensitive or standard cargo. All the CFSs are accredited with ISO 9001:2008, ISO 14001:2004 and OHSAS 18001:2007 accreditation.

Also Read on FinMedium:  5 Stories That Got Us To Now · Collaborative Fund

Logistics Service

Balmer Lawrie’s venture into Logistic Services (LS) dates back to the 19th century. Since then it has grown exponentially, offering a wide range of totally seamless logistic solutions for its clients. With a national as well as global network run by an able team of professionals and aided by latest communication facilities, LS offers total logistic solutions for all types of cargo.

As an accredited IATA agent, it handles both inbound and outbound cargo including normal, over dimensional, perishable, temperature sensitive and dangerous consignments. Ensuring door to door services from anywhere in the country to anywhere on the globe, Balmer Lawrie Logistics Services has also made its presence felt in air craft chartering, air lifting of sensitive defence equipments such as helicopters, missiles and satellite parts to a wide array of destinations around the world.

Balmer Lawrie is today among India’s leading ocean cargo operators with services that include non-vessel operating common carriers (N.V.O.C.C), multi modal transport operation, vessel chartering , door to door movement for break bulk , project cargo logistic management and turnkey execution. Ably backed by multi-location Logistic Infrastructure services, the Logistics Services division can ensure quick storage and retrieval for all its cargo across the country.

Key Aspects





Source link

Every Wednesday and Saturday, we send Info-Graphic and FinMedium Weekly Digest newsletters to our 25000+ Subscribers.

Join Them Now!

Please Share :)
Dark Horse Stocks
DHS aims to reach a wider audience by providing them with access to the data. Thereby helping them analyze financial reports and make their own investment decisions.
Back To Top