Ministry of Railways and Braithwaite & Company Limited (BCL), a CPSE under the administrative control of the Ministry of Railways, signed a Memorandum of Understanding (MoU). BCL’s core competency is in the field of manufacturing new wagons, repairing of wagons, steel structural fabrication and manufacturing of cranes.
The MoU was signed today i.e. May 23, 2018 by Railway Board Secretary, Shri Ranjanesh Sahai, and BCL, Chairman and Managing Director (Additional Charge) and Director (Finance), Shri P.P. Bose. The MoU laid down the targets for 18-19, both financial and physical. As per targets under MoU, BCL has projected Revenue from Operations of Rs. 285 cr. and wagon production Rs. 1300 cr.
