Bharat Aluminium Company

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  Strategic Stake Sale Policy Soon: Secretary

  NDA government had set up the first disinvestment commission in 1999.

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  BALCO to Shut Aluminum Mill, 1000 Jobs to Go

  Falling global prices, high energy costs make operations unviable, the company said in a statement.

• China's SEPCO Hands Over First Unit of Balco's Rs 5,000-Cr Plant

  China's Shandong Electric Power Corporation or SEPCO on Tuesday handed over the first unit of Balco's Rs 5,000-crore 1,200 MW power plant to the aluminium producer.

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  Government Expects to Raise Rs 22,574 Crore From Share Sale in Four Companies

  The cabinet has already approved the sale of 5 per cent stakes in ONGC and Bharat Heavy Electricals Ltd, and 10 per cent each in NALCO and NMDC Ltd, Mr Sinha told lawmakers in a written reply in the lower house of parliament.

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  Balco Bags One More Mine in Chhattisgarh: Report

  Bharat Aluminium Company (Balco) bagged one more coal block on the eighth day of the auction, taking the total number of mines sold so far through the ongoing auction to 18 that will generate an estimated over Rs 1 lakh crore for the respective states.

• Residual Stake Sale in Hindustan Zinc, Balco Unlikely in FY15

  The government is unlikely to sell its residual stake in Hindustan Zinc and Balco in fiscal year 2014-15 as it looks at Oil and Natural Gas Corp (ONGC) and Coal India Ltd (CIL) disinvestments to meet the current year's target.

• Government Initiates Valuation Process for Balco Stake Sale

  Going ahead with the residual stake sale in Balco, the government on Thursday started the process of valuation of its 49 per cent stake in the company.

• Election Commission's nod sought for appointing valuers in HZL, Balco stake sale: report

  The Disinvestment Department has approached the Election Commission seeking its approval for appointing valuers for government's residual stake in Hindustan Zinc Ltd (HZL) and Bharat Aluminium Company (Balco).

• Stake sale in Hindustan Zinc, Balco next fiscal year only: Economic Affairs Secretary

  Disinvestment of government's remaining stake in Hindustan Zinc and Balco will happen next fiscal year, Economic Affairs Secretary Arvind Mayaram said on Monday.

• Cabinet gives nod to government's 49 per cent stake sale in Balco: report

  The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved sale of government's 49 per cent residual stake in Balco through the auction route, which could fetch a minimum Rs 3,000 crore to the exchequer, according to an official source.

• Ministerial panel starts process for stake sale in Hindustan Zinc, Balco: report

  Moving ahead with the residual stake sale in Hindustan Zinc Ltd (HZL) and Bharat Aluminium Company (Balco), an inter-ministerial panel has begun the process of valuation of the two companies so as to complete the deals by the end of March.

• Vedanta to bid for Hindustan Zinc shares if price lucrative: chairman Anil Agarwal

  London-listed Vedanta at present holds 64.92 per cent stake in Hindustan Zinc Ltd (HZL) and 51 per cent stake in Bharat Aluminium Company (Balco). The company, in January 2012, had proposed acquirin

• Hind Zinc soars on stake sale decision; Sesa Sterlite jumps

  The stake sale will take place through the auction route and may fetch the government around Rs 17,000 crore at the last trade price of Rs 135.

• No preference to Vedanta in Hindustan Zinc, Balco stake sale: Mayaram

  Vedanta Group, the owner of Hindustan Zinc and Balco, will not get any preference when the government auctions its residual stake in the two companies this financial year, Economic Affairs Secretary Arvind Mayaram has said.

• Government likely to divest remaining Balco shares via auction route: report

  The government is likely to sell its remaining stake in aluminium major Balco through auction route following opinion of the Law Ministry that "there appears no constitutional or legal issue involved" in selling shares of the company via offer for sale (OFS) method, according to sources.