Closure of Loss Making Burn Standard Company Limited - a Central Public Sector Enterprise (CPSE) (Download PDF)

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Closure of Burn Standard Company Ltd. (BSCL) was approved on 4th April 2018. It is a Central Public Sector Enterprise (CPSE) under Ministry of Railways. Outstanding loan of Rs. 35 cr. was given to company.

Image of Public Sector

Image of Public Sector

Image of Public Sector

  • Decision was taken on account of poor physical & financial performance of company for more than 10 years despite financial assistance & other support provided by govt.
  • Govt. will provide one-time grant of Rs. 417.10 cr. to Burn Standard Company Ltd. for severance package of employees & for clearing current liabilities.
  • All 508 employees of company will benefit from Voluntary Retirement Scheme (VRS).

Key Facts of Burn Standard Company Ltd

Image of Burn Standard Company Ltd

Image of Burn Standard Company Ltd

Image of Burn Standard Company Ltd

  • Company was incorporated in 1976.
  • Company’s headquarters are at Kolkata & West Bengal.
  • Company had 2 engineering units at Howrah & Burnpur in West Bengal.
Map of 2 engineering units at Howrah & Burnpur

Map of 2 Engineering Units at Howrah & Burnpur

Map of 2 engineering units at Howrah & Burnpur

  • Company was engaged in manufacturing & repair of wagons & production of steel.

- Published/Last Modified on: July 2, 2018

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