Business Update6 Aug 2025, 05:34 pm
Balmer Lawrie & Company Ltd Surrenders CAPEX for Unattractive FTWZ Project in SEZ of JNPA
AI Summary
Balmer Lawrie & Company Ltd has informed the surrender of CAPEX for setting up a Free Trade Warehousing Zone (FTWZ) in Special Economic Zone (SEZ) of Jawaharlal Nehru Port Authority (JNPA) on a land parcel of approximately 15 Acres. The Board of Directors decided to withdraw from the sanctioned project due to a significant decline in the Internal Rate of Return, making the existing project unattractive from an investment point of view. The Meeting of the Board of Directors commenced at 10:30 a.m. and concluded at 04:30 p.m.
Key Highlights
- Balmer Lawrie & Company Ltd surrenders CAPEX for the FTWZ project in SEZ of JNPA
- The decision is due to the project's unattractiveness from an investment perspective
- The project's Internal Rate of Return has significantly declined
- The Board of Directors decided to withdraw from the sanctioned project
- The Meeting of the Board of Directors concluded at 04:30 p.m.