Balmer Lawrie & Co. Ltd. (BL) is an Indian central public sector undertaking under the ownership of Ministry of Petroleum and Natural Gas, Government of India. It was a partnership firm founded on 1 February 1867 in Calcutta, British India by two Scotsmen: George Stephen Balmer and Alexander Lawrie. Today Balmer Lawrie is a government sector enterprise with a turnover of ₹1612 crores and a profit of ₹232 crores as of 31 March 2020.[non-primary source needed] It became a private limited company in 1924 with a paid up share capital of ₹40 lakhs, a public limited company in 1936 and then a Government of India Enterprise in 1972. During FY 2020–21, the PSE earned a revenue of ₹1,528 crore (US$190 million). More information...
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