Bharat Aluminium Company
Bharat Aluminium Company News
In India, cheap aluminium from China and Middle-East has shrunk market share of domestic producers who are already struggling with rise in input cost.
The functioning of the power plant, set up with an investment of about Rs 5,000 crore, would help boost BALCO's annual aluminium production capacity to 5.7 lakh tonnes, the company said in a statement today.
The government, which currently holds 29.5 percent stake in HZL and 49 percent stake in Balco, is looking at exiting from the two firms. However, valuations remain the holding block for making the deal through.
Government still has 29.54 percent stake in Hindustan Zinc and 49 percent holding in Balco.