Question: In which year Bharat Wagon and Engineering Company Limited was incorporated?
(a) Year 1973
(b) Year 1975
(c) Year 1978
(d) Year 1980
Answer: (c)
Related Facts:
- On August 23rd, 2017, the Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has approved the proposal of Ministry of Railways to close the Bharat Wagon and Engineering Company Limited (BWEL).
- Bharat Wagon and Engineering Company Limited (BWEL) is a Central Public Sector Enterprise (CPSE) under Ministry of Railways.
- Bharat Wagon and Engineering Co. Ltd. is being wound up in view of the continues poor physical and financial performance of the company for more than 10 years, in spite of financial assistance and other support provided by Ministry of Railways combined with low probability of its revival in future.
- With this approval 626 employees of BWEL will be benefitted from the voluntary retirement scheme to be offered at 2007 pay scale.
- The Government will have to provide one time grant off 151.18 crore towards severance package and for clearing the current liabilities of the company.
- It is noteworthy that BWEL was incorporated on December 4th, 1978 as a CPSE, engaged in the manufacture and repair of wagons.
- It has two manufacturing units, at Mokama and Muzaffarpur in Bihar.
Reference:
http://pib.nic.in/newsite/PrintHindiRelease.aspx?relid=66723
http://pib.nic.in/newsite/PrintRelease.aspx?relid=170171