The Centre's decision to hand over two central PSUs, Burn Standard and Braithwaite & Co, to the Railways was a 'very positive' development, West Bengal Industry Minister Nirupam Sen said today.
"This is a very positive decision. It has been taken at the highest level. It was a (union) Cabinet decision. Now Railways will run it like its other units. The two units will be saved," he told reporters here.
Earlier, CPI(M) state secretary Biman Bose had stated that the takeover of the two units by the Railways was the result of a long-drawn struggle by the workers led by CITU and other left trade unions.
Railway Minister Mamata Banerjee had said yesterday that order for 500 wagons has been placed with Braithwaite by the Railway Board.
The Centre had given its nod for restructuring of engineering PSU Bharat Bhari Udyog Nigam (BBUNL) to improve performance of units located in West Bengal and Tamil Nadu.
As part of restructuring, the administrative control of two subsidiaries of BBUNL - Burn Standard Company (BSCL) and Braithwaite & Co - were transferred to the Railways from the Heavy Industries and Public Enterprises Ministry.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
