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Burn & Co. came into existence in 1781 at Howrah, WB. In 1976 following Nationalization, the Company was amalgamated with Indian Standard Wagon Company and renamed as Burn Standard Company Limited. At present, Company has two (02) Engineering units at Howrah & Burnpur and one (01) Foundry unit at Howrah. Due to consistent losses and erosion of net worth, Company was referred to BIFR in November 1994 & officially declared sick in January 1995. Rehabilitation package approved by BIFR in April 1999 was declared failed in 2001. Effort to bring in change in management did not fructify. Revival plan has been approved by CCEA in August 2010. After revival of package, Company came under the administrative control of Ministry of Railways (MOR) from Ministry of Heavy Industry on 15.09.2010.

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