Diversified public sector firm Balmer Lawrie has set a near-term goal to reach a turnover of around Rs 3,500 crore in the next two years and then look to scale up to Rs 10,000 crore by 2030.

The company, which has businesses ranging from industrial packaging, warehousing and logistics to ticketing services, estimates a total capital expenditure of around Rs 1,000 crore to achieve its 2030 aspiration.

The company ended 2021- 22 with a turnover of Rs 2,104 crore.

“Our plan is to expand more into warehousing. We are looking for appropriate places in metro cities, including Calcutta. We also want to grow in temperature-controlled warehouses in tier 2 cities, which are mostly unorganised but we see opportunities there. We are going to have a consultant to help us identify the places,” said Adika Ratna Sekhar, chairman and managing director, Balmer Lawrie, after the company’s annual general meeting on Tuesday.

In Bengal, the company is scouting for land near Dankuni to set up warehousing infrastructure. The company could also explore opportunities for tie-ups with e-commerce firms as it expands its capacity.

“This market is going to grow. While the potential is enormous the capital investment is less,” said Sekhar.

The company is also looking to scale up its industrial packaging business in the intermediate bulk container category. “We are looking for a technological partner first and then assess the demand,” he said adding that the company has space in Baroda to put up a unit after the project assessment.

“By 2030, we are aiming at a turnover of Rs 10,000 crore,” Sekhar said.

The company’s efforts to become an integrated logistics player, with an increased reach in warehousing and distribution, intermediate bulk containers, increased market share in grease and lubricants business coupled with the travel business picking up are the expected growth drivers.