Braithwaite revenue up 36.5% to Rs 1043 cr, eyes PDS foodgrain movement biz
State-run Braithwaite & Co Ltd achieved a 36 per cent revenue growth to Rs 1,043 crore in FY'23 and is eyeing the Food Corporation of India's foodgrain movement business to give impetus to its services vertical, a top official said.
The company attained a revenue of Rs 764 crore in FY'22.
Braithwaite aims at listing the company by 2025-26, with an expected revenue of Rs 2500 crore.
"We are vying for the lucrative Food Corporation of India containerised foodgrain movement business on a turnkey basis to further augment our revenue," said Chairman and Managing Director Yatish Kumar.
The company is in the process of finalising new designs for containers to carry foodgrains, to reduce wastage. FCI will derive a cost-benefit of 5-6 per cent as a result of the new design.
"This is expected to generate additional revenue of at least Rs 300-400 crore annually," Kumar told PTI.
Set up in 1913, Braithwaite became a PSU in 1976.
Braithwaite Ltd which at one time had been earmarked for ...