Our Bureau

Kolkata, May 13

THAT public sector enterprises generally have a poor track record in maintaining their Web sites up to date is no secret but not many will be able to beat the record of Bharat Bhari Udyog Nigam Ltd (BBUNL).

Even after one-and-a-half years of privatisation, Jessop & Co is declared as a group subsidiary by its Web site (www.bbunl.com) .

BBUNL introduces Jessop thus: "Long after takeover by the Govt of India in 1973, the company became a subsidiary of the holding company BBUNL in the year 1986."

The fact is that the Centre had handed over 72 per cent stake in Jessop to the Ruia group in September 2003. Though the privatisation did not fetch much by way of revenue, the sale was considered as the first major public sector divestment in West Bengal.

Soon after taking over the new management, the new owners constructed their own Web site (www.jessop.co.in) .

Not surprisingly, the two Web sites provide two different sets of information on the company not merely relating to ownership but even on issues such as company headquarters, product profile, management team, and so on.

While BBUNL authorities were not available for comment on the issue, Mr Pawan K. Ruia, Chairman of the Ruia group said: "I am surprised. We will definitely inform BBUNL authorities to carry out the necessary changes," he added.

(This article was published in the Business Line print edition dated May 14, 2005)
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