India-based Balmer Lawrie & Co. Ltd, has announced plans to invest Rs 200 crore ($45.4 million) in next five years for long term sustainable growth of the company after being moved out of the divestment radar by the Petroleum and Natural Gas Ministry.

The company's managing director S K Mukherjee told reporters after the 88th annual general meeting that it has prepared a strategic plan for the long term growth, which includes leather chemicals, logistic infrastructure services, and container freight services as the key growth triggers.

Established in 1867, the company is a diversified multi-activity conglomerate with interests in greases & lubricants, leather and functional chemicals, and packaging.