This article needs to be updated. Please help update this article to reflect recent events or newly available information.(December 2023)
Burn Standard Company Limited
Company type
Public Sector Undertaking
Industry
transportation
Founded
1976; 48 years ago (1976)
Headquarters
Howrah
,
India
Area served
India
Key people
Mr. Mohammad Asad Alam, Chairman & Managing Director
Products
rolling stock
Owner
Government of India
Website
www.burnstandard.com
Burn standard company Ltd
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$16 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]
^"Cabinet approves closure of loss making Burn Standard Company Limited - a Central Public Sector Enterprise (CPSE)". pib.nic.in. Archived from the original on 12 February 2019. Retrieved 3 June 2023.
^"Railway Wagons Tank Wagons Steel Structural Castings Coal Ash Plants India Kolkata Calcutta Burn Standard Manufacturers Exporters". Archived from the original on 8 October 2013. Retrieved 22 October 2013.
^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. Archived from the original on 22 May 2017. Retrieved 30 March 2008.
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