F & B (Canteen) Token: BURHANPUR TAPTI MILLS LIMITED - Burhanpur, ½ Anna Token

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F & B (Canteen) Token: BURHANPUR TAPTI MILLS LIMITED,

Inscription in English - Burhanpur Tapti Mill. REVERSE: Canteen Token ½

Square token with rounded edges and central hole.

Weight: 2.13 g. Size: 17 mm X 17 mm

                    

[/b] BURHANPUR TAPTI MILLS LIMITED was incorporated on 23 Sep, 1906 (registered the next day) as a public company with liability limited by shares. It was a composite Textile Mill with Spinning, weaving and finishing of textiles all in one place. The mill is located in Burhanpur, on the northern bank of the river Tapi or Tapti and is situated 512 KM North East of Mumbai. It is a historically important place from Ancient times and is currently the administrative seat of Burhanpur District.
In the early 1960's, the mill employed 3189 people but soon thereafter, saw a huge downturn in fortunes and became sick. It was nationalized under the Sick Industrial Undertakings Act of 1974, bringing it under the management of NTC (National Textile Corporation). Unlike most mills under the NTC management which soon closed, Burhanpur Textile Mills continued operations until very recently.
On March 25, 2020, during the first wave of Covid-19, NTC, which then employed 800 people, stopped production of yarn at the Mill. The central government refused to provide any further raw materials and instructions were received to produce from the stock of closed and running mills. The mills had to become self reliant and procure inputs from profits generated. On January 16, 2021, the production of synthetic yarn started again in the mill. About 70 to 72 tons of raw material stock was consumed by April 2021 and since the mill could not manage to procure more raw materials on their own, the mills closed down.
The name of the Mill has been struck off from Registrar of Companies records (I am not able to find when) indicating that the Mill has been closed or is no longer a company whose liability is limited shares.
The mill is located on 47 acres of prime real estate land and National Textile Corporation has another 47 acres of land in Chawls (labour quarters)  in Burhanpur. 
I believe that this mill too will go the same way as most other mills have – auctioned off and used for re-development.



Amit

[Figleaf]

It is inevitable that a big change of policy brings about the closure of enterprise without foresight or of small scale. However, I find it shocking that a large company has to close because it cannot procure raw materials. Apart from sheer ineptitude (more common among government appointees), all I can think of is a situation where inputs are too expensive to produce output at a competitive price, which is an untenable situation in the first place, as it requires constant subsidies.

Feeding over 3000 employees is no sinecure, as they all want to eat at the same time. Even lunching in shifts may be problematic, as machines would presumably need full crews. I attend big conferences with 700+ guests from time to time, marvelling at the organisation of lunch and how little goes wrong and seeing how much food is wasted, but multiply that by four and the mind boggles.

Peter

[krishna]

The closure can be attributed to the sky rocketing prices of cotton bales