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. of India disinvested 51% shares of Bharat Aluminium Company Limited (BALCO) to Sterlite Industries Limited a subsidiary of Vedanta Limited.
- Government of India (GoI) divested 51% equity in the year 2001 in favour of Sterlite Industries (I) Limited. Remaining 49% is with GoI.
- Superior Quality and Craftsmanship
- BALCO is playing a crucial role in introducing Aluminium as a potential alternative to other metals like Steel in construction, and Copper in power transmission industry.
- Major operations of BALCO are in the town of Korba (Chhattisgarh), whereas its mines supplying high grade Bauxite are situated at Kawardha and Mainpat.
- The smelter capacity produces 345 KTPA through modern Prebake Technology based on Soderberg Process.
- After disinvestment, a smelter of capacity 245 KTPA has been established in the year 2004.
- The smelter plants are being supported by uninterrupted power supply through Captive Power Plants – 270 MW at Jamnipali, Korba and 540 MW at smelter site.
- New power plant with rated capacity of 1200 MW. Commence its operation from 2016.
- Finishing lines are capable of producing high quality Ingots, Wire Rods, Busbars and Rolled products.
Several Firsts to Its Credit In India
- First integrated Aluminium Industry
- First to have Captive Power Plant
- First to venture into + 300 kA Prebake pots
- First to produce Alloy Rods for conductors used in power transmission industry
- First to roll material for Aerospace in the Country
- First to produce largest Billet of diameter – 800 mm, length – 6 mt
- First to set up the widest Hot Rolling Mill