Bridge and Roof Company to ask Centre to stop disinvestment plans

At the time when the divestment was announced, the company had an order book of Rs 4127.07 crore and a top line of Rs 1751.33 crore

Citing doubling of the order book and rise in profitability, Bridge and Roof Company India Ltd (B&R) is considering writing to the Centre to reconsider the disinvestment plan.

During 2016-17, the Centre had first mooted the plan to divest its 99.35 per cent stake in this engineering, procurement and construction (EPC) Miniratna company and invited expression of interest from investors in 2018. However, employees had moved court against the Centre’s decision and the matter is undergoing legal proceedings.

“After March this year, we are thinking of writing to the government citing that we have been profitable for four consecutive yeaRs