Chhattisgarh State Industrial
Development Corporation Limited
(A Govt. of Chhattisgarh Undertaking)
Bharat Aluminium Company Ltd. (BALCO), Korba
Bharat Aluminium Company is one of
the largest producers of aluminium in India.
Balco has two working units - an integrated Aluminium complex situated at Korba in Chhattisgarh and the second in West Bengal at Bidhanbag .
Till 2001, the government divested 51 per cent of its equity and management control in favour of Sterlite Industries (I) Ltd at a cost of US$ 123 million.
Today, BALCO has an integrated aluminium plant with captive bauxite mines, a captive power plant, refineries and smelters.
BALCO's plant at Korba in Chhattisgarh produces 100,000 tonnes of aluminium every year. Its captive power plant has a capacity of 270 MW to meet its own requirement.
Currently, BALCO is executing a
US$ 863 million expansion plan to increase its aluminium production
capacity from 100,000 tonne per annum to 345,000 tonne per annum. It is
also setting up a 540 MW electricity generation plant for captive
consumption.
Balco has proved its mettle by developing and supplying special aluminium alloys to the nation’s Intermediate range ballistic missiles Agni and surface missiles Prithvi.