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 a relatively modest first quarter performance
The Board of Balmer Lawrie & Co. Ltd., a Mini Ratna Category – I PSE with diversified business portfolios, has reported a relatively modest first quarter performance as per the accounts adopted for the quarter ending 30 June 2012, in its Board Meeting held in Kolkata on 14 August, 2012. The total income for the first quarter registered a gain of 13% quarter on quarter and rose to Rs. 683crores from Rs. 607 crores for the same period last year. The Profit Before Tax (PBT), the best recorded in the history of the Company, was up by 2% and stood at Rs. 65.66crores for the quarter ended 30th June, 2012 as compared to Rs. 64.19 crores for the same quarter last year. Correspondingly, the net profit (PAT) during the quarter increased by 2% to Rs. 45.63 crores compared to Rs. 44.91 crores for the corresponding period last year. The relatively modest first quarter performance and profit ability was attributed by the Company to the general slowdown of the economy which has affected most of its manufacturing businesses.
Friday Nov 15 2024
