https://indianpedia.org/index.php?action=history&feed=atom&title=Bharat_Aluminium_CompanyBharat Aluminium Company - Revision history2026-07-31T20:06:20ZRevision history for this page on the wikiMediaWiki 1.45.4https://indianpedia.org/index.php?title=Bharat_Aluminium_Company&diff=108747&oldid=prev>Amayranjan2004 at 11:07, 16 June 20212021-06-16T11:07:25Z<p></p>
<p><b>New page</b></p><div>{{Short description|Indian aluminum company}}<br />
{{Use dmy dates|date=September 2020}}<br />
{{Primary sources|date=July 2007}}<br />
{{Use Indian English|date=January 2016}}<br />
{{Infobox company<br />
| name = Bharat Aluminium Company Ltd. (BALCO)<br />
| logo = BALCO Logo.jpg<br />
| type = <br />
| traded_as = <br />
| foundation = {{start date and age|df=yes|1965}}<br />
| area_served = <br />
| predecessor = <br />
| founder = <br />
| location_city = [[New Delhi]]<br />
| location_country = India<br />
| key_people = <br />
Mr. S K Roongta<br />({{small|Chairman}})(Since November 2001)<br />
<br />
[[Mr. Abhijit Pati]] <br />({{small|CEO & Whole Time Director}}) <br />
(Since August 2019)<br />
<br />
[[Vacant]] <br /> ({{small|Alumina Business Head}})<br />
(Since April 2021)<br />
<br />
[[Rahul Roongta]] <br />({{small|CFO)}}) (Since January 2020)<br />
<br />
[[Vacant]] <br /> ({{small|HR Head}})<br />
(Since April 2019)<br />
<br />
[[Ms. Monika Jain]] <br /> ({{small|CC and CSR Head}})(Since April 2021)<br />
<br />
[[Ms. Manshi Chouhan]]<br />({{small|PR Head}}) (Since November 2019)<br />
| num_employees = <br />
| parent = [[Vedanta Resources]](60.50%) <br />
[[Government of India]] (39.50%)<br />
| industry = [[Aluminium]]<br />
| products = [[Aluminium]]<br />[[Electricity]]<br />[[Rural Development]]<br />
| services = <br />
| subsid = <br />
| homepage = {{URL|http://www.balcoindia.com/}}<br />
| intl = <br />
}}<br />
<br />
'''Bharat Aluminium Company Ltd.''' ('''BALCO''') was an Indian [[Government of India|government owned]] enterprise and a [[aluminium]] company, under [[Ministry of Mines (India)|Ministry of Mines]]. In 2000, the [[Government of India]] sold it to [[Vedanta Resources]] when [[Atal Bihari Vajpayee]] and [[Bharatiya Janta Party]] was in power. BALCO was incorporated in the year 1965 as a [[Public Sector Undertaking]] (PSU) and it was the Public sector until 2001, when it was taken over by [[Vedanta Resources]], a company listed on the [[London Stock Exchange]]. The Company has been closely associated with the Indian Aluminium Industry, in a pivotal role. Mr. Abhijit Pati is the current CEO & Whole Time Director of the company.<ref>{{Cite web|url=http://www.balcoindia.com/about-us/team/|title=Bharat Aluminium Company Ltd. (BALCO) {{!}} Balco Team {{!}} Board of Directors|website=www.balcoindia.com|access-date=23 November 2018}}</ref><br />
<br />
==History==<br />
{{See also|Disinvestment of Public Sector Units in India}}<br />
<br />
It was incorporated in 1965 as a [[Public Sector Undertaking]].<ref name=balco-hist>{{cite web|url=http://www.balcoindia.com/history.asp|publisher=Balco|title=History|access-date=20 August 2006|archive-url=https://web.archive.org/web/20060426215759/http://www.balcoindia.com/history.asp|archive-date=26 April 2006|url-status=dead|df=}}</ref> It is the first [[public sector]] enterprise in India which started producing [[aluminium]] in 1974. Till 2001, BALCO was a public sector enterprise owned 100% by [[Government of India]]. In 2001, [[Government of India]] [[Disinvestment of Public Sector Units in India|divested 51% equity and management control]] in favour of [[Sterlite Industries (India)|Sterlite Industries India Limited]].<br />
There's a little history behind the privatisation of the company that was not doing so well being a public sector company. There were groups formed among people or rather BALCO employees namely supporters of privatisation and the ones who opposed it. Rallies and processions were carried out in the evenings to oppose the privatisation and those who supported it were left in minority. Eventually, things happened as they were planned and the company was listed under Sterlite. There were allegation of scam involved in disinvestment of BALCO.<ref>{{cite web|url=http://www.frontline.in/static/html/fl1806/18060240.htm|title=Battle over Balco|website=www.frontline.in|accessdate=5 October 2017}}</ref><br />
<br />
==Achievements==<br />
The development of special aluminium alloys for "Intermediate Range Ballistic Missile" – [[Agni]] and "Surface Missile" – [[Prithvi]] have been significant achievements of BALCO. BALCO has been the first in the Indian Aluminium Industry to produce the Alloy Rods, which is a Feedstock for all Aluminium Alloy Conductors, very much needed for today’s power transmission lines.<ref>{{cite web|url=http://www.balcoindia.com/about-us/profile/|title=Profile|publisher=Balco|accessdate=4 September 2018}}</ref><br />
<br />
==Criticism==<br />
===Safety concerns===<br />
A chimney under construction by Gannon Dunkerley & Company at the Balco smelter in Korba, [[Chhattisgarh]] [[2009 Korba chimney collapse|collapsed]] on 23 September 2009 killing 49 workers.<ref>{{cite web|url=http://in.news.yahoo.com/43/20090924/812/tnl-balco-chimney-crash-deaths-climb-to.html|title=Balco Chimney Crash Deaths}} {{dead link|date=November 2016 |bot=InternetArchiveBot |fix-attempted=yes }}</ref><br />
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==References==<br />
{{Reflist}}<br />
<br />
==External links==<br />
*{{Official website|http://www.balcoindia.com/}}<br />
<br />
{{Vedanta Resources}}<br />
{{Authority control}}<br />
<br />
[[Category:Vedanta Resources]]<br />
[[Category:Aluminium companies of India]]<br />
[[Category:Companies based in New Delhi]]<br />
[[Category:Formerly government-owned companies of India]]<br />
[[Category:Indian brands]]<br />
<br />
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