https://indianpedia.org/index.php?action=history&feed=atom&title=Biecco_LawrieBiecco Lawrie - Revision history2026-07-31T17:06:47ZRevision history for this page on the wikiMediaWiki 1.45.4https://indianpedia.org/index.php?title=Biecco_Lawrie&diff=459913&oldid=prevShruti at 06:55, 23 January 20252025-01-23T06:55:15Z<p></p>
<p><b>New page</b></p><div>{{short description|Defunct public sector undertaking}}<br />
{{Use dmy dates|date=January 2025}}<br />
{{Use Indian English|date=June 2016}}<br />
{{Infobox company<br />
| name = Biecco Lawrie<br />
| logo = <br />
| logo_caption = <br />
| logo_upright = <!-- default: 1 --><br />
| logo_alt = <br />
| type = [[Public sector undertaking]]<br />
| industry = {{ubl|[[Petroleum]]|Electricity}}<br />
| predecessor = British India Electric Construction Co<br />
| founded = {{Start date and age|df=y|1919||}} in [[Calcutta]], [[British India]]<br />
| founder = <br />
| defunct = {{End date|df=y|2018|8|10}}<br />
| fate = Shut down<br />
| successor = <br />
| hq_location_city = [[Kolkata]], West Bengal<br />
| hq_location_country = India<br />
| area_served = <br />
| key_people = <br />
| products = <br />
| owner = {{ubl|Oil Industry Development Board (OIDB)|[[Government of India]]}}<br />
| num_employees = 275<br />
| num_employees_year = 2018<br />
| parent = <br />
| website = <!-- {{URL|example.com}} --><br />
}}<br />
'''Biecco Lawrie Co. Limited''' ('''BLL''') was an Indian [[public sector undertaking]] under the ownership of the [[Ministry of Petroleum and Natural Gas]], [[Government of India]], headquartered in [[Kolkata]]. It was originally established in 1919 as British India Electric Construction Company Limited.<br />
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==History==<br />
The company was originally established in 1919 in [[Calcutta]], [[British India]] as the British India Electric Construction Company (BIECCO). It began as a manufacturer of [[tea garden]] machinery and also produced [[Shell (projectile)|shell]] cases, food containers, and camouflage sets for the military during [[World War II]]. In 1932, the company started producing affordable fans for the public.<ref name="EC"/><br />
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==Service==<br />
BLL ran four business operations—switchgear manufacturing, electrical repair, projects division, and lubricating oil blending and filling facility.<ref>{{cite news |author1=IANS |title=Cabinet approves closure of loss-making Biecco Lawrie |url=https://www.business-standard.com/article/news-ians/cabinet-approves-closure-of-loss-making-biecco-lawrie-118101000565_1.html |access-date=14 October 2023 |work=[[Business Standard]] |date=10 October 2018}}</ref><br />
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The company had a [[lubricating oil]] blending plant with an annual capacity of 12,000 kilolitres. Additionally, the company manufactured switchgears and also untertook small power distribution projects, while also marketing products such as kerosene, [[paraffin wax]], [[bitumen]], and [[furnace oil]]. It also had a separate turnkey project and electrical repair division.<ref name="EC"/><br />
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As of fiscal 2007, the company incurred aggregated revenue of {{INRConvert|525|m}}.<ref name=bll>{{Cite web |url=http://www.biecco.gov.in/Accounts/BSPL0607.pdf |title=Financial Statement |access-date=16 January 2008 |archive-url=https://web.archive.org/web/20081201225953/http://www.biecco.gov.in/Accounts/BSPL0607.pdf |archive-date=1 December 2008 |url-status=dead }}</ref><br />
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==Shut down==<br />
The company has over a decade accumulated {{INR}} 153.95 crore loss, with negative [[net worth]] of {{INR}} 78.88 crore at the end of the FY 2017–18. On 10 October 2018, the [[Government of India]] decided to shut down Biecco Lawrie after approval by the Cabinet Committee on Economic Affairs (CCEA). Its employees were given Voluntary Retirement Scheme (VRS) / Voluntary Separation Scheme (VSS). Although the Ministry of Petroleum and Natural Gas had made attempts to revive the company by selling, oil companies refused to buy the firm. 67.33 per cent stake of the company is held by Oil Industry Development Board (OIDB) and 32.33 per cent is with the government. The remaining 0.44 per cent shares are held by others.<ref name="EC">{{Cite web|url=https://economictimes.indiatimes.com/news/economy/policy/government-to-shut-biecco-lawrie-limited/articleshow/66152345.cms|title=Government to shut Biecco Lawrie Limited|date=10 October 2018|work=The Economic Times}}</ref><br />
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==References==<br />
{{reflist}}<br />
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{{Energy Ministries and Departments of India}}<br />
{{authority control}}<br />
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[[Category:Government-owned companies of India]]<br />
[[Category:Companies based in Kolkata]]<br />
[[Category:Companies nationalised by the Government of India]]<br />
[[Category:Indian companies established in 1919]]<br />
[[Category:Energy companies established in 1919]]<br />
[[Category:Indian companies disestablished in 2018]]<br />
[[Category:Energy companies disestablished in 2018]]<br />
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{{india-company-stub}}</div>Shruti