India, Sept. 22 -- Diversified public sector enterprise Balmer Lawrie & Co Ltd is rolling out a capital expenditure programme of nearly Rs 500 crore over the next three years, driven primarily by an aggressive expansion in its rail, Third-Party Logistics (3PL) and travel footprint, a top company official said on Monday.

Of the total estimated Rs 500 crore outlay, the railway logistics segment will absorb Rs 200-Rs 250 crore, while around Rs 100 crore is allocated towards routine operational capex across other existing verticals: packaging, greases and lubricants, and chemicals, Chairman and Managing Director Adhip Nath Palchaudhuri said on the sidelines of the 109th AGM.

The company is also deploying Rs 50-Rs 60 crore towards expanding ...