Burn Standard Company Limited (BSCL) is a

Public Sector Undertaking Public Sector Undertakings (PSU) in India are State-owned enterprise, government-owned entities in which at least 51% of stake is under the ownership of the Government of India or State governments of India, state governments. These types of f ...

(PSU) of the

Government of India The Government of India (ISO 15919, ISO: Bhārata Sarakāra, legally the Union Government or Union of India or the Central Government) is the national authority of the Republic of India, located in South Asia, consisting of States and union t ...

. Headquartered in

Howrah Howrah (; ; alternatively spelled as Haora) is a city in the Indian States and union territories of India, state of West Bengal. Howrah is located on the western bank of the Hooghly River, opposite to its twin city of Kolkata. Administratively ...

, 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. The company was formed with the merger of two companies – Burn & Company (founded 1781) and Indian Standard Wagon (founded 1918), and was

nationalised Nationalization (nationalisation in British English) is the process of transforming privately owned assets into public assets by bringing them under the public ownership of a national government or state. Nationalization contrasts with ...

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, also known as Calcutta ( its official name until 2001), is the capital and largest city of the Indian state of West Bengal. It lies on the eastern bank of the Hooghly River, west of the border with Bangladesh. It is the primary ...

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 4 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

Products and services

Liquidation

See also

References

External links