Bharat Aluminium Co. Ltd. (BALCO) was incorporated in the year 1965 as a Public Sector Undertaking (PSU) and since then the Company has been closely associated with the Indian Aluminium Industry, in a pivotal role.
Government of India (GoI) divested 51% equity in the year 2001 in favour of Sterlite Industries (I) Limited. Remaining 49% is with GoI.
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 (installed capacity 100 KTPA), based on Soderberg Process, is being revamped to produce 345 KTPA through modern Prebake Technology.
Bharat Aluminium Company (BALCO) is an Indian aluminium company based in Korba, Chhattisgarh. It is the first public sector undertaking in the aluminium industry in India. BALCO was incorporated in 1965 as a public sector undertaking of the Government of India. The company was established with the intention of exploiting the vast bauxite reserves in the region and utilising the local power resources for production of aluminium. The company has a capacity of producing 5 lakh tonnes of aluminium per annum, making it one of the largest aluminium producers in India.
BALCO is engaged in the production and sale of aluminium products such as ingots, billets, wires, rods, sheets, plates, etc. The company also has a captive power plant to meet its energy requirements. BALCO has a wide customer base in India and exports its products to more than 50 countries. The company is also involved in the production of various value-added products such as aluminium foils and alloys.
BALCO has a strong commitment to environmental protection and is committed to the principles of sustainable development. The company has adopted various measures to reduce its environmental impact, such as energy conservation, water conservation, waste management and pollution control. BALCO has also implemented a number of social initiatives in the communities where it operates, such as health camps, tree plantation and educational support.
BALCO is a leading player in the aluminium industry in India and is well-positioned to benefit from the growing demand for aluminium products in the country. The company has a strong presence in the domestic and international markets, and is well-placed to capitalize on the opportunities presented by the growing aluminium industry in India.