BALCO: The Disinvestment Story




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Balco - A Profile

Balco, incorporated in 1965, was closely associated with the growth of the Indian Aluminium industry. Balco played a pivotal role in making aluminium a leading metal with myriad uses ranging from household, industrial to strategic defence and aerospace applications.Balco was vertically integrated from sourcing of bauxite from its captive mines, refining and smelting to aluminium production and a variety of semi finished products.

Balco had contributed significantly as a primary aluminium producer, providing sustenance to vital industries. Balco was a supplier of special aluminium alloys to the nation's intermediate range ballistic missile, Agni and surface to surface missile, Prithvi. The GoI held 100% stake in Balco.

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In 2000, the GoI announced to divest 51% stake in Balco to a long-term strategic partner...

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