Bharat Wagon and Engineering: Difference between revisions

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{{Use dmy dates|date=October 2020}}
{{Use dmy dates|date=October 2020}}


'''Bharat Wagon and Engineering Limited''' ([[Hindi language|Hindi]]: '''भारत गाड़ी और अभियांत्रिकी लिमिटेड''') (BWEL) is a [[Public Sector Undertaking]] (PSU) of the [[Government of India]] and is a subsidiary of [[Bharat Bhari Udyog Nigam]]. Established on 4 December 1978 after taking over two sick companies - Arthur Butler & Co and Britannia Engineering Company,<ref name=":0">{{Cite news|url=http://www.business-standard.com/article/government-press-release/cabinet-approves-closure-of-loss-making-bharat-wagon-and-engineering-company-117082300751_1.html|title=Cabinet approves Closure of loss making Bharat Wagon and Engineering Company|last=Delhi|date=2017-08-23|work=Business Standard|access-date=2017-08-24}}</ref> BWEL is the largest [[Wagon|rail wagon]] manufacturer in [[India]]. The administrative control of M/s Bharat Wagon & Engg Co Ltd (BWEL), Patna is transferred from the Department of Heavy Industry, [[Ministry of Heavy Industries and Public Enterprises]] to the [[Ministry of Railways (India)|Ministry of Railways]] w.e.f 13 August 2008.
'''Bharat Wagon and Engineering Limited''' ('''BWEL''') is a [[Public Sector Undertaking]] (PSU) of the [[Government of India]] and is a subsidiary of [[Bharat Bhari Udyog Nigam]]. Established on 4 December 1978 after taking over two sick companies - Arthur Butler & Co and Britannia Engineering Company,<ref name=":0">{{Cite news|url=http://www.business-standard.com/article/government-press-release/cabinet-approves-closure-of-loss-making-bharat-wagon-and-engineering-company-117082300751_1.html|title=Cabinet approves Closure of loss making Bharat Wagon and Engineering Company|last=Delhi|date=2017-08-23|work=Business Standard|access-date=2017-08-24}}</ref> BWEL is the largest [[Wagon|rail wagon]] manufacturer in [[India]]. The administrative control of M/s Bharat Wagon & Engg Co Ltd (BWEL), Patna is transferred from the Department of Heavy Industry, [[Ministry of Heavy Industries and Public Enterprises]] to the [[Ministry of Railways (India)|Ministry of Railways]] w.e.f 13 August 2008.


The company maintains two manufacturing plants in [[Bihar]] and is headquartered in [[Patna]]. One such plant is the Bharat Wagon Workshop Plant in [[Muzaffarpur]] and the second unit is in [[Mokama]].
The company maintains two manufacturing plants in [[Bihar]] and is headquartered in [[Patna]]. One such plant is the Bharat Wagon Workshop Plant in [[Muzaffarpur]] and the second unit is in [[Mokama]].
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In December 2000, the company was referred to [[Board for Industrial and Financial Reconstruction]] (BIFR) and thereafter declared as a sick unit in year 2002. The Government of India planned to sell Muzaffarpur plant of the Company in 2002 but could not do so after resistance from employees & trade unions.<ref>{{Cite news|url=http://timesofindia.indiatimes.com/city/patna/Bharat-Wagon-staff-chase-away-buyers/articleshow/13407297.cms|title=Bharat Wagon staff chase away buyers|work=The Times of India|access-date=2017-08-24}}</ref>
In December 2000, the company was referred to [[Board for Industrial and Financial Reconstruction]] (BIFR) and thereafter declared as a sick unit in year 2002. The Government of India planned to sell Muzaffarpur plant of the Company in 2002 but could not do so after resistance from employees & trade unions.<ref>{{Cite news|url=http://timesofindia.indiatimes.com/city/patna/Bharat-Wagon-staff-chase-away-buyers/articleshow/13407297.cms|title=Bharat Wagon staff chase away buyers|work=The Times of India|access-date=2017-08-24}}</ref>


In August 2017, on recommendation of [[NITI Aayog]], the Cabinet Committee on Economic Affairs announced the closure of loss-making BWEL.<ref name=":0" /><ref>{{Cite news|url=http://www.thehindubusinessline.com/companies/ccea-approves-closure-of-bharat-wagon-and-engg-co/article9828133.ece?homepage=true|title=Closure of loss-making Bharat Wagon approved|last=Bureau|first=Our|date=2017-08-23|work=The Hindu Business Line|access-date=2017-08-24|language=en}}</ref><ref>{{Cite web|url=http://pib.nic.in/newsite/PrintRelease.aspx?relid=170171|title=Cabinet approves Closure of loss making Bharat Wagon and Engineering Company|website=pib.nic.in|access-date=2017-08-24}}</ref><ref>[http://www.railwaygazette.com/news/news/asia/single-view/view/bharat-wagon-engineering-co-to-close.html Bharat Wagon & Engineering & Co to close] ''[[Railway Gazette International]]'' 25 August 2017</ref>
In August 2017, on recommendation of [[NITI Aayog]], the Cabinet Committee on Economic Affairs announced the closure of loss-making BWEL.<ref name=":0" /><ref>{{Cite news|url=http://www.thehindubusinessline.com/companies/ccea-approves-closure-of-bharat-wagon-and-engg-co/article9828133.ece?homepage=true|title=Closure of loss-making Bharat Wagon approved|date=2017-08-23|work=The Hindu Business Line|access-date=2017-08-24|language=en}}</ref><ref>{{Cite web|url=http://pib.nic.in/newsite/PrintRelease.aspx?relid=170171|title=Cabinet approves Closure of loss making Bharat Wagon and Engineering Company|website=pib.nic.in|access-date=2017-08-24}}</ref><ref>[http://www.railwaygazette.com/news/news/asia/single-view/view/bharat-wagon-engineering-co-to-close.html Bharat Wagon & Engineering & Co to close] ''[[Railway Gazette International]]'' 25 August 2017</ref>


==References==
==References==

Latest revision as of 20:39, 1 October 2021



Bharat Wagon and Engineering Limited (BWEL) is a Public Sector Undertaking (PSU) of the Government of India and is a subsidiary of Bharat Bhari Udyog Nigam. Established on 4 December 1978 after taking over two sick companies - Arthur Butler & Co and Britannia Engineering Company,[1] BWEL is the largest rail wagon manufacturer in India. The administrative control of M/s Bharat Wagon & Engg Co Ltd (BWEL), Patna is transferred from the Department of Heavy Industry, Ministry of Heavy Industries and Public Enterprises to the Ministry of Railways w.e.f 13 August 2008.

The company maintains two manufacturing plants in Bihar and is headquartered in Patna. One such plant is the Bharat Wagon Workshop Plant in Muzaffarpur and the second unit is in Mokama.

In fiscal 2006, the company incurred aggregated revenues of ₹154.4 million (US$1.8 million).[2][3]

Liquidation[edit]

In December 2000, the company was referred to Board for Industrial and Financial Reconstruction (BIFR) and thereafter declared as a sick unit in year 2002. The Government of India planned to sell Muzaffarpur plant of the Company in 2002 but could not do so after resistance from employees & trade unions.[4]

In August 2017, on recommendation of NITI Aayog, the Cabinet Committee on Economic Affairs announced the closure of loss-making BWEL.[1][5][6][7]

References[edit]

  1. ↑ 1.0 1.1 Delhi (23 August 2017). "Cabinet approves Closure of loss making Bharat Wagon and Engineering Company". Business Standard. Retrieved 24 August 2017.
  2. ↑ Company Profile Archived 6 February 2008 at the Wayback Machine
  3. ↑ Financial Statements Archived 16 July 2011 at the Wayback Machine
  4. ↑ "Bharat Wagon staff chase away buyers". The Times of India. Retrieved 24 August 2017.
  5. ↑ "Closure of loss-making Bharat Wagon approved". The Hindu Business Line. 23 August 2017. Retrieved 24 August 2017.
  6. ↑ "Cabinet approves Closure of loss making Bharat Wagon and Engineering Company". pib.nic.in. Retrieved 24 August 2017.
  7. ↑ Bharat Wagon & Engineering & Co to close Railway Gazette International 25 August 2017

External links[edit]


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