Shares of Balmer Lawrie and Company Ltd surged 2% in the opening trading session of March 28, Thursday, after the company approves to set up a warehousing zone in the SEZ of JNPA with a ₹230 crore investment.
The exchange filing reads:
In terms of Regulation 30 of the Listing Regulations, this is to hereby inform that the Board of Directors of the Company at its Meeting held on 27th March 2024 has, inter alia, approved the proposal for setting up a FTWZ in SEZ of JNPA on a land parcel of approximately 15 Acres. The details as required under Regulation 30 of the Listing Regulations read with SEBI Circular bearing reference no. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated 11th July 2023 and SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July 2023 are enclosed as “Annexure AU”.
As of 10:00 am, the shares were trading 2.32% higher at ₹242.50 on NSE.
About the company –
Balmer Lawrie & Co. Ltd. is an Indian central public sector undertaking and a conglomerate under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. It is classified as a category-I miniratna company.
