Company type | Private Entity |
---|---|
Industry | Aluminium |
Founded | 1965 |
Headquarters | , India |
Key people | Mr. S K Roongta (Chairman)(Since November 2001) Mr. Rajesh Kumar Amit Gupta Ms. Monika Jain (CC & PR Head) (Since 2024) |
Products | Aluminium Electricity Rural Development |
Parent | Vedanta Resources (51%) Government of India (49%) |
Website | www |
Bharat Aluminium Company Ltd. (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. BALCO was incorporated in the year 1965 as a central public sector unit (CPSU) and it was the central government-establishment until 2001, when it was taken over by Vedanta Resources, a company listed on the London Stock Exchange. The government company has been closely associated with the Indian Aluminium Industry, in a pivotal role. Mr. Rajesh Kumar is the current CEO & Whole Time Director of the company.[1]