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|type = [[Public Sector Undertaking]] | |type = [[Public Sector Undertaking]] | ||
|slogan = | |slogan = | ||
|foundation = 1976 | |foundation = {{start date and age|1976}} | ||
|founder = | |founder = | ||
|location_city = [[ | |location_city = [[Howrah]] | ||
|location_country = India | |location_country = India | ||
|area_served = India | |area_served = India | ||
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[[File:Burn_standard_company_Ltd.jpg|thumb|Burn standard company Ltd]] | [[File:Burn_standard_company_Ltd.jpg|thumb|Burn standard company Ltd]] | ||
'''Burn Standard Company''' Limited (BSCL) is a [[Public Sector Undertaking]] (PSU) of the [[Government of India]]. Headquartered in [[ | '''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 (India)|Ministry of Railways]]. On 4 April 2018, Cabinet approves closure of loss making Burn Standard Company Limited.<ref>{{cite web|url=http://pib.nic.in/newsite/PrintRelease.aspx?relid=178402|title=Cabinet approves closure of loss making Burn Standard Company Limited - a Central Public Sector Enterprise (CPSE)|website=pib.nic.in}}</ref> The company was formed with the merger of two companies – Burn & Company (founded 1781) and Indian Standard Wagon (founded 1918),<ref>{{Cite web |url=http://www.burnstandard.com/rti-history.html |title=Archived copy |access-date=22 October 2013 |archive-url=https://web.archive.org/web/20131008145153/http://www.burnstandard.com/rti-history.html |archive-date=8 October 2013 |url-status=dead }}</ref> and was [[nationalised]] in 1975. In fiscal 2006, the company reported aggregated revenues of {{INRConvert|1373|m}}. 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.<ref name=finances>[http://dpe.nic.in/survey0506/vol3/62.pdf Financial Statement] {{webarchive |url=https://web.archive.org/web/20110716110019/http://dpe.nic.in/survey0506/vol3/62.pdf |date=16 July 2011 }}</ref><ref name=tcp>{{cite web|url=http://www.independent.co.uk/news/business/analysis-and-features/its-viewed-as-a-game-western-groups-recoil-at-indias-culture-of-late-payment-802461.html|title='It's viewed as a game': Western groups recoil at India's culture of|date=30 March 2008|website=The Independent}}</ref> | 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.<ref name=finances>[http://dpe.nic.in/survey0506/vol3/62.pdf Financial Statement] {{webarchive |url=https://web.archive.org/web/20110716110019/http://dpe.nic.in/survey0506/vol3/62.pdf |date=16 July 2011 }}</ref><ref name=tcp>{{cite web|url=http://www.independent.co.uk/news/business/analysis-and-features/its-viewed-as-a-game-western-groups-recoil-at-indias-culture-of-late-payment-802461.html|title='It's viewed as a game': Western groups recoil at India's culture of|date=30 March 2008|website=The Independent}}</ref> | ||
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** Burn Standard India renovated SLC Type for the [[Trams in Kolkata|CLC]] system in [[Kolkata]] in 1980s. | ** Burn Standard India renovated SLC Type for the [[Trams in Kolkata|CLC]] system in [[Kolkata]] in 1980s. | ||
* Ash/coal plant construction | * 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== | ==Liquidation== | ||
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{{india-company-stub}} | {{india-company-stub}} | ||
Revision as of 12:02, 9 September 2021
| 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$19 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
- 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
On the 4th of April 2018, the Government of India approved the liquidation of Burn Standard Company.[5]
References
- ↑ "Cabinet approves closure of loss making Burn Standard Company Limited - a Central Public Sector Enterprise (CPSE)". pib.nic.in.
- ↑ "Archived copy". Archived from the original on 8 October 2013. Retrieved 22 October 2013.
{{cite web}}: CS1 maint: archived copy as title (link) - ↑ 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.
- ↑ "Cabinet approves closure of loss-making Burn Standard Company Ltd". Press Trust of India. 4 April 2018 – via Business Standard.
External links
- http://www.burnstandard.com/ (Official Website)
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