Burn Standard Company

Burn Standard Company Limited
Public Sector Undertaking
Industry transportation
Founded 1976
Headquarters Kolkata, 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 Limited (BSCL) is a Public Sector Undertaking (PSU) of the Government of India. Headquartered in Kolkata, India, BSCL is engaged mainly in railway wagon manufacturing under the Ministry of Railways. The company was formed with the merger of two companies – Burn & Company (founded 1781) and Indian Standard Wagon (founded 1918),[1] and was nationalised in 1975. In fiscal 2006, the company reported aggregated revenues of ₹1,373 million (US$20 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 money has still to be received.(Ref 3)[2][3][4]

Products and services

References

  1. ↑ http://www.burnstandard.com/rti-history.html
  2. ↑ Financial Statement Archived 16 July 2011 at the Wayback Machine.
  3. ↑ About Us. Burn Standard Company Limited
  4. ↑ 'It's viewed as a game': Western groups recoil at India's culture of late payment - Business Analysis & Features, Business - The Independent

External links


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