Balmer Lawrie rises on getting nod to set up new Mini Cold Chain unit
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Balmer Lawrie is currently trading at Rs. 111.15, up by 0.35 points or 0.32% from its previous closing of Rs. 110.80 on the BSE.
The scrip opened at Rs. 113.20 and has touched a high and low of Rs. 113.20 and Rs. 110.90 respectively. So far 2282 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 133.95 on 15-Sep-2022 and a 52 week low of Rs. 103.20 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 114.95 and Rs. 110.50 respectively. The current market cap of the company is Rs. 1905.84 crore.
The Institutions holding in the company stood at 3.83%, while Non-Institutions held 96.17% stake in the company.
Balmer Lawrie & Company has received approval for setting up of a new Mini Cold Chain unit in Rayanapadu on NH 65 connecting Hyderabad and Vijayawada city for storage of various commodities of Frozen and Chilled Products along with offering Value Added Services. The expected timeline for commencement of commercial operation of the said unit will be intimated in due course of time. The Board of Directors of the Company at its meeting held on March 24, 2023 has inter-alia, considered and approved the same.
Balmer Lawrie & Company is a Government of India Enterprise engaged in diversified business with presence in both manufacturing and service businesses. The company is engaged in the business of Industrial Packaging, Greases & Lubricants, Leather Chemicals, Logistic Services and Infrastructure, Refinery & Oil Field and Travel & Vacation Services in India.
