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'''Bharat Wagon and Engineering Limited''' ( | '''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 | 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== | ||
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{{india-company-stub}} | {{india-company-stub}} | ||