Is BALCO a government company?
BALCO was incorporated in year 1965 as the first Public Sector Undertaking (PSU) in India and since then it has been closely associated with the Indian Industrial Growth, in a pivotal role. In 2001 Govt.
What is BALCO intervention in Odisha?
The battle between development and religion began with BALCO’s plan to dig for bauxite on the famous Gandhamardan hill between Sambalpur and Bolangir districts. On this hill stand the temples of Nursinghnath and Harishankar, who since time immemorial have been patron deities of the people of the region.
What happened to Balco employees after Privatisation?
The Chattisgarh government and the striking workers of Balco have effectively stopped Sterlite from taking control of the company. MORE than a month after the privatisation of Bharat Aluminium Company (Balco), Sterlite, its new owner, is still unable to establish control decisively over the affairs of the company.
Who is the owner of Balco?
Vedanta Limited
Vedanta ResourcesGovernment of India
Bharat Aluminium Company/Parent organizations
What happened to BALCO employees after Privatisation?
Who bought BALCO?
Sterlite had bought 51% stake in Balco and 64% in Hindustan Zinc, both state-run companies, for 551 crore and over 750 crore, respectively.
What happened to BALCO?
BALCO today Technically speaking, BALCO is extinct, but Victor Conte is a free man and still running a business called “Scientific Nutrition for Advanced Conditioning” or “SNAC.” After serving a four-month prison sentence prior to pleading guilty in 2005, he now sells various supplements and vitamins.
When was BALCO sold?
(BALCO) was an Indian government owned aluminium producer under Ministry of Mines, Government of India. In 2000, the Ministry of Mines, Government of India sold it to Vedanta Resources when Atal Bihari Vajpayee-Bharatiya Janta Party-National Democratic Alliance-led-government was in power.
How many employees does BALCO have?
Yet, Bharat Aluminum Company (Balco), with its 8,000 direct and indirect employees, is an exception.
