OCTOBER 20258AMIT SHAH TO LAUNCH 4,000 CR YAMUNA REVIVAL PROJECTSBALMER LAWRIE BETS BIG ON LOGISTICS FOR FUTURE GROWTHUnion Home Minister Amit Shah will launch 46 projects totaling more than 4,000 crore on September 30 to revive the Yamuna, Delhi Chief Minister Rekha Gupta said on Wednesday.According to a senior executive on Thursday, logistics would become the most lucrative division of the diversified PSU Balmer Lawrie & Company.Adhip Nath Palchaudhuri, chairman and managing director of Balmer Lawrie, stated during a virtual press conference that During the Sewa Pakhwada, she was addressing at the opening of six cutting-edge switching sub-stations at important Delhi Transport Corporation (DTC) bus depots.Tata Power Delhi Distribution Limited (TPDDL) has established one switching sub-station in North Delhi, while BSES Rajdhani Power Limited (BRPL) has established five in South and West Delhi. During her speech, Gupta emphasized the government's many accomplishments and mentioned that interstate bus service between Delhi and Baraut had been introduced the day before, after an 18-year lapse."Okhla STP, which is Asia's largest STP, will be inaugurated by Union Home Minister Amit Shah. Forty-six schemes worth 4,000 crore will be dedicated in one day. These will include multiple STPs," she added. Delhi has been in poor shape for the past few years, according to the chief minister."There were no sewer lines, no water connections in half of Delhi. There is a backlog of 27 years and it will take some time to repair. Our policy and intention are clear," she added. the logistics vertical will account for 45­50 percent of the PSU's total income by 2030, which is expected to reach Rs 6,000 crore. According to the CMD, the PSU anticipates reaching revenue of 3,000 crore this fiscal year.According to him, the current fiscal year's first quarter has been extremely successful. Things have been going nicely in the second quarter. Within the logistics sector, the company has entered into railway logistics with three rakes in full deployment, and Balmer Lawrie has executed an MOU with SAIL to this effect.Balmer Lawrie has commenced a third-party logistics business for which a warehousing facility has been commissioned at Dankuni just outside the metropolis of Kolkata, which would serve as a hub for the eastern zone, he said. There are also plans to set up similar hubs in the other zones.He stated that a cold chain facility will also be established in Dankuni. The firm is likewise involved in operating container freight stations.Palchaudhuri said that the travel and vacations vertical has remained consistently resilient in the face of challenges, like the Pahalgam terrorist incident. TOP STORIESTOP STORIESTOP STORIES
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