Indian public sector engineering company
Braithwaite &amp; Co. Limited is an Indian public sector undertaking which is engaged in the manufacture of railway wagons, cranes and other engineering services. It is wholly owned by the Government of India and under the administrative control of the Ministry of Railways. Its headquarters are located at Kolkata, West Bengal.
Manufacturing units.
The company has three units – Clive Works, Victoria Works both in Calcutta, and Angus Works in Hooghly District, West Bengal. From 2010 the administrative control of the subsidiary has been taken over by the Indian Railways.
Present status.
In 1986, Braithwaite &amp; Co., Ltd. came under the umbrella of Bharat Bhari Udyog Nigam, which became holding company of five companies in eastern India, namely:
With effect from 2010, the management of Braithwaite &amp; Co. Limited has been transferred from the Ministry of Heavy Industries &amp; Public Enterprises to the Ministry of Railways, Government of India. Today Braithwaite is an engineering conglomerate that manufactures:
Financials.
The company reported total income of Rs.1103.92 crores during the Financial Year ended March 31, 2024 as compared to Rs.1044.76 crores during the Financial Year ended March 31, 2023.
There was a net profit of Rs.16.47 crores reported for the Financial Year ended March 31, 2024 as against net profit of Rs.49.73 crores for the Financial Year ended March 31, 2023.
Miniratna category-I status.
Braithwaite &amp; Co, under the UPA Government in 2010 got enlisted for disinvestment, since the engineering firm made a turnaround with a manifold increase in annual turnover and profits for three consecutive years, in January 2022 it received recognition as a Mini Ratna-I public sector undertaking.
References.
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