Kolkata: Diversified PSU Balmer Lawrie & Co Ltd will demerge its travel and vacations business into a wholly owned subsidiary, in-principle approval for which has been given by the board, CMD Adhip Nath Palchaudhuri said on Monday.
The PSU, under the ministry of petroleum and natural gas, plans to invest around Rs 500 crore over the next three years to expand its rail logistics, third-party logistics and travel businesses. Of this, Rs 200 crore to Rs 250 crore will go towards railway logistics, while around Rs 100 crore will be spent on routine operational capex across existing businesses, including packaging, greases and lubricants, and chemicals. You Can Also Check: Gold Rate in Kolkata | Silver Rate in Kolkata | Bank Holidays in Kolkata | Public Holidays in Kolkata | Kolkata AQI | Weather in Kolkata | Petrol Price in Kolkata | Diesel Price in Kolkata | CNG Price in Kolkata | LPG Price in Kolkata