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Tuesday, Nov 21, 2006

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Balmer Lawrie upgraded to Mini Ratna Category 1

Our Bureau

Kolkata , Nov. 20

The Ministry of Petroleum & Natural Gas has upgraded the status of Balmer Lawrie & Co Ltd to Mini Ratna Category 1, according to company sources. The upgraded status will enable Balmer Lawrie to enjoy greater managerial and commercial autonomy in respect of capital expenditure, joint ventures and subsidiaries and mergers and acquisitions.

With this upgradation, Balmer Lawrie joins the select group of Category 1 Mini Ratnas, which include, among others, the Shipping Corporation of India, Hindustan Aeronautics Ltd, Container Corporation of India, National Aluminium Company Ltd and Engineers India Ltd.

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