Left Menu
Development News Edition

Balmer Lawrie to focus on retail segment for grease and lubricants business division

With a market segment of 2.27 per cent presently, the company is aiming to penetrate the retail segment as margins were high as compared to industrial.


Balmer Lawrie & Co Ltd, a diversified PSU under the Oil ministry, would focus on the retail segment for its grease and lubricants business division, its CMD Prabal Basu said.

Inaugurating the renovated applications research laboratory of the company here today, Basu told reporters that presently the business division contributed around Rs 350 crore to Rs 400 crore of the overall revenue.

With a market segment of 2.27 per cent presently, the company is aiming to penetrate the retail segment as margins were high as compared to industrial.

Basu said that total manufacturing volume presently was 10,000 metric tonnes, adding that plans were there to raise it to 30,000 to 40,000 mt.

The retail segment comprised 30 per cent of volume sales of the division. "We want to take this percentage to 50 per cent", he said.

The company was exporting the products to the African countries, Basu said.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Download The Devdiscourse News App for Latest News.


TRENDING

OPINION/BLOG/INTERVIEW

Beware! Maximum cyber criminals eye your personal data

A report of the World Economic Forum revealed that cyber security is increasingly becoming an issue of public security as the majority of cyber criminals are increasingly targetting individual internet users. This requires preventive measur...

WEF 2020: Trump seems politically correct in pulling out from Paris Agreement

If the survey of the World Economic Forum WEF is believed, Trump seems to enjoy the confidence of his people in flaying climate intuitions and climate activists. His preference for economic development over environmental protection not only...

From home to healthcare, here are Robotic innovations transforming lives

Lovot is equipped with more than 50 sensors such as thermography, microphone array, obstacle detection, and touch sensor to generate motion and emotions in real-time....

Translating words to deeds: Achieving gender parity in access to financial resources

... ...

Videos

Latest News

Day two roundup of 10th Hockey India Senior Women National Championship

Sashastra Seema Bal SSB registered a huge 6-0 win over Hockey Himachal in their Pool H encounter on the second day of the 10th Hockey India Senior Women National Championship 2020 B Division here on Friday. SSB scored their first goal just ...

NHL All-Star Skills: Barzal nips McDavid to win Fastest Skater

New York Islanders center Mathew Barzal ended Connor McDavids three-year run as the NHLs fastest skater, edging the Edmonton Oilers star in the first event of the NHL All-Star Skills on Friday in St. Louis. Barzal skated a lap in 13.175 sec...

No party until it's over: Jurgen Klopp

Despite Liverpool attaining a massive lead at the top in the Premier League table, the manager Jurgen Klopp asserted that there is no party in his mind and it is about doing the job until it is over. Its really about doing what you have to ...

Ben Stokes issues apology for 'unprofessional' behaviour

England all-rounder Ben Stokes on Saturday issued an apology to his fans for his unprofessional behaviour on the first day of the fourth Test against South Africa. A spectator on Friday likened him to the singer, Ed Sheeran after the all-ro...

Give Feedback