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| Company type | Public Sector Undertaking |
|---|---|
| Industry | transportation |
| Founded | 1976; 50 years ago (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 aPublic Sector Undertaking (PSU) of theGovernment of India. Headquartered inHowrah, India, BSCL is engaged mainly in railway wagon manufacturing under theMinistry 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 wasnationalised 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 atHowrah andBurnpur 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 the UK-based newspaperIndependent, in March 2008, John Messer, the lead in-house lawyer for the US engineering firm McDermott International, was still seeking payment for a contract originally drawn up in the late 1980s to construct a large offshore platform for the Mumbai High oil field. In October 2006, Burn Standard, the Indian engineering company that had sub-contracted portions of the project to McDermott, lost its appeal against a court ruling ordering it to pay the US firm $90 million (£45 million). The outstanding amount was ultimately paid following the conclusion of arbitration and intervention by the Government of India.[3][4]
On the 4 April 2018, theGovernment of India approved the liquidation of Burn Standard Company.[5]
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