Diversified mini-ratna Balmer Lawrie on Tuesday said it plans a capital expenditure of Rs 400 crore over the next three years. "We'll have a capex of Rs 400 crore in the next three years on Vizag multi-modal logistics hub and temperature controlled warehouse," Balmer Lawrie CMD Prabal Basu said here on Tuesday after the AGM. This apart, Rs 100 crore would be infused for other expansion and modernisation of ongoing activities. The Vizag logistics hub would seek an investment of Rs 220 crore and the first and second phase of temperature controlled warehouses would attract investment of Rs 65 and Rs 100 crore.
"In the first phase, warehouses will come up at Mumbai, Hyderabad and Delhi (NCR) and four others in the second phase," Basu said. He said the state-owned entity had drawn plans to double its turnover to Rs 3,000 crore over the next five years as against in financial year 2015.