Balmer Lawrie Co Ltd expects to commission its proposed container manufacturing plant at Navi Mumbai by the end of 2014.
With an estimated investment of nearly Rs 100 crore, the new plant is aimed at increasing the company’s barrel production capacity by nearly 30 per cent from the current 44 lakh barrels a year.
“This would be our single largest investment so far. Our board has very recently approved the proposal and we have started the construction at the site. We hope to commission the plant over the next 15 months,” Viren Sinha, Chairman and Managing Director, told reporters on the sidelines of the company’s 95th annual general meeting here on Wednesday.