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

摘要

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the closure of Burn Standard Company Ltd (BSCL) - a Central Public Sector Enterprise (CPSE) under Ministry of Railways. This decision has been taken in view of the continuous poor physical and financial performance of the company for more than 10 years despite financial assistance and other support provided by government, and low probability of its revival in the future. This measure will save public funds, which are currently being used for loss making BSCL, and can be used for other developmental work.