Burn Standard Company Limited (BSCL) is a

Public Sector Undertaking A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the government ...

(PSU) of the

Government of India The Government of India (ISO: ; often abbreviated as GoI), known as the Union Government or Central Government but often simply as the Centre, is the national government of the Republic of India, a federal democracy located in South Asia, ...

. Headquartered in Howrah , India, BSCL is engaged mainly in railway wagon manufacturing under the

Ministry of Railways A Ministry of Railways is a Cabinet department that exists or has existed in many Commonwealth states as well as others. It generally occurs in countries where railroad transportation is a particularly important part of the national infrastructur ...

. On 4 April 2018, Cabinet approves closure of loss making Burn Standard Company Limited. The company was formed with the merger of two companies – Burn & Company (founded 1781) and Indian Standard Wagon (founded 1918), and was nationalised in 1975. In fiscal 2006, the company reported aggregated revenues of . 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.Financial Statement

Products and services

* 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 ** Burn Standard India renovated SLC Type for the CLC system in

Kolkata Kolkata (, or , ; also known as Calcutta , the official name until 2001) is the capital of the Indian state of West Bengal, on the eastern bank of the Hooghly River west of the border with Bangladesh. It is the primary business, comme ...

in 1980s. * 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

On the 4th of April 2018, the

approved the liquidation of Burn Standard Company.

References

External links

* http://www.burnstandard.com/ (Official Website) Government-owned companies of India Engineering companies of India Companies based in Kolkata Companies nationalised by the Government of India Coach and wagon manufacturers of India 1976 establishments in West Bengal Indian companies established in 1976 {{india-company-stub