Bharat Aluminium Company
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Bharat Aluminium Company Ltd. (BALCO) is an Indian aluminium company. It was in the public sector until 2001, when it was taken over by Vedanta Resources, a company which is listed on the London Stock Exchange
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[edit] History
It was incorporated in the year 1965 as a Public Sector Undertaking. 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 the year 2001, GoI divested 51% equity and management control in favour of Sterlite Industries India Limited.
[edit] Achievements
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.
[edit] References
[edit] External links
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