Birds Jute and Export

Summary

Birds Jute and Export Limited (BJEL) is a Public Sector Undertaking (PSU) of the Government of India and is headquartered in Kolkata, West Bengal.

BJEL is a subsidiary of the National Jute Manufactures Corporation Limited (NJMC) and manufactures jute, cotton, viscose and blended fabric decoratives. BJEL has experienced net losses over the past fiscal years and has been virtually inoperable since 2002.

The company is in the process of restructuring and experienced a net loss of 554 million (US$7.4 million) in fiscal 2006.[1]

The Union Cabinet, at a meeting held on 10 October 2018, chaired by Prime Minister Narendra Modi, gave the green signal for the closure of National Jute Manufacturers Corporation Ltd. (NJMC) along with its subsidiary Birds Jute and Exporters Ltd. (BJEL). NJMC had been incurring losses for several years and was under reference to BIFR since 1993. The Mills of NJMC which were proposed for revival, namely, Kinnison Mill at Titagarh, Khardah Mill at Khardah and RBHM Mill at Katihar were under suspension since August, 2016.[2][3]

References

  1. ^ Financial Statements Archived 16 July 2011 at the Wayback Machine. Department of Public Enterprise.
  2. ^ "News Updates". PM India. Retrieved 23 March 2019.
  3. ^ "Central government gives green signal to shut National Jute Manufacturers Corporation". Apparel Resources 11 October 2018. Retrieved 23 March 2019.