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 sustains profit momentum
The Board of Balmer Lawrie& Co. Ltd., a Mini Ratna Category – IPSE with diversified business portfolios, has reported a good third quarter as per the accounts adopted for the quarter ending 31st December 2012,at its Board Meeting held in Kolkata on 08 February 2013. The net income has gone up by around 16% to `646 crores for the third quarter of the Financial Year 2012-13 from ` 558crores for the corresponding quarter last year. The Profit Before Tax (PBT), was up by 12% and stood at ` 47 crores for the quarter ended 31st December 2012 as compared to`42crores for the same quarter last year. Correspondingly, the net profit (PAT) during the quarter increased by 14% to ` 32 crores compared to ` 28 crores for the corresponding period last year. The net income for nine month sending 31st December 2012 is` 1946 crores and the net profit is`113 crores.
Sunday Dec 29 2024
