Union Cabinet has approved the proposal for closure of the Biecco Lawrie Limited (BLL).
About:
Biecco Lawrie Limited (BLL) is a Schedule ‘C’ Central Public Sector Enterprise (CPSE) with 67.33% and 32.33% equity share held by Oil Industry Development Board (OIDB) and Government of India
The Company is Headquartered at Kolkata, West Bengal.
It operates in four business segments: Switchgear Manufacturing, Electrical Repair, Projects Division and Lube blending & filling facility.
The Company has consistently been under financial stress and has had performance-related issues. In this background, Government has decided to close it.
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