What type of legal entity is Biecco Lawrie Limited if it manufactures medium-voltage switchgears as a commercial activity on behalf of the Government of India?
State-owned enterprise A state-owned enterprise (SOE) is a legal entity that undertakes commercial activities on behalf of the state, its owner. The legal status of SOEs varies from being a part of the government to being stock companies with the state as a regular stockholder. The defining characteristics of SOEs are that they have a distinct legal form and are established to operate in commercial affairs and commercial activities. While they may also have public policy objectives (e.g., a state railway company may aim to make transportation more accessible), SOEs should be differentiated from other forms of government agencies or state entities established to pursue purely nonfinancial objectives.
North Eastern Electric Supply Company The North Eastern Electric Supply Company (commonly abbreviated to NESCo) was responsible for the supply of electricity to a large amount of North East England, prior to the nationalisation of the British electricity industry with the Electricity Act 1947. The company was established as the Newcastle upon Tyne Electric Supply Company (also abbreviated to NESCo) in 1889, but was renamed the North Eastern Electricity Supply company as it expanded to supply the North East region.