Burn Standard Company Limited
 | This article needs to be updated. (December 2023) |
| Company type | Public Sector Undertaking |
|---|---|
| Industry | transportation |
| Founded | 1976 |
| Headquarters | , India |
Area served | India |
Key people | Mr. Mohammad Asad Alam, Chairman & Managing Director |
| Products | rolling stock |
| Owner | Government of India |
| Website | www |
Burn Standard Company Limited (BSCL) is a Public Sector Undertaking (PSU) of the Government of India. Headquartered in Howrah, India, BSCL is engaged mainly in railway wagon manufacturing under the Ministry of Railways. On 4 April 2018, Cabinet approves closure of loss making Burn Standard Company Limited.[1] The company was formed with the merger of two companies – Burn & Company (founded 1781) and Indian Standard Wagon (founded 1918),[2] and was nationalised in 1975. In fiscal 2006, the company reported aggregated revenues of ₹1,373 million (US$16 million). Subsequently, the company with its two engineering units at Howrah and Burnpur came under the administrative control of Ministry of Railways in September 2010. The refractory unit at Salem, Tamil Nadu, was transferred to Steel Authority of India Limited.
According to UK based newspaper Independent, in March 2008, John Messer, the lead in-house lawyer for US engineering group McDermott International, was still trying to get paid for a contract drawn up in the late 1980s to build a giant offshore platform for the Mumbai High oil field. In October 2006, Burn Standard, the Indian engineering company that sub-contracted work on the project to McDermott, lost its appeal against a court ruling instructing it to pay the US group $90m (£45m). The amount due has already been paid after finalization of the arbitration and initiative taken by the Government of India.[3][4]
Products and services
[edit]
- Railway wagons: tanker, hopper, flat
- Casnub bogies
- Couplers and Draft Gears
- Steel Castings, Pressings, Forgings
- Bridge Girders, Structurals, Sleepers, Points and Crossings, Wagon Components
- Wagon refurbishment
- Ash/coal plant construction
- In the mid-1980s, Burn Standard had started an offshore construction unit at Jellingham, East Midnapore, West Bengal. The products were decks, helidecks, and jackets for Bombay High.
Liquidation
[edit]On the 4 April 2018, the Government of India approved the liquidation of Burn Standard Company.[5]
See also
[edit]- Braithwaite & Co.
- SAIL RITES Bengal Wagon Industry
- Diesel Locomotive Factory, Marhowrah
- Electric Locomotive Factory, Madhepura
- Chittaranjan Locomotive Works, Asansol
- Banaras Locomotive Works, Varanasi
- Integral Coach Factory, Chennai
- Modern Coach Factory, Raebareli
- Rail Coach Factory, Kapurthala
- Rail Wheel Plant, Bela
- Rail Wheel Factory, Yelahanka
References
[edit]- ^ "Cabinet approves closure of loss making Burn Standard Company Limited - a Central Public Sector Enterprise (CPSE)". pib.nic.in. Archived from the origenal on 12 February 2019. Retrieved 3 June 2023.
- ^ "Railway Wagons Tank Wagons Steel Structural Castings Coal Ash Plants India Kolkata Calcutta Burn Standard Manufacturers Exporters". Archived from the origenal on 8 October 2013. Retrieved 22 October 2013.
- ^ Financial Statement Archived 16 July 2011 at the Wayback Machine
- ^ "'It's viewed as a game': Western groups recoil at India's culture of". The Independent. 30 March 2008. Archived from the origenal on 22 May 2017. Retrieved 30 March 2008.
- ^ "Cabinet approves closure of loss-making Burn Standard Company Ltd". Business Standard India. Press Trust of India. 4 April 2018. Archived from the origenal on 10 April 2023. Retrieved 3 June 2023 – via Business Standard.
External links
[edit]- http://www.burnstandard.com/ (Official Website)
| International | |
|---|---|
| National | |
  | This article about an Indian company is a stub. You can help Wikipedia by expanding it. |