Bharat Aluminium Company Limited (B A L C O) holds the coveted position of being the first Public Sector Undertaking in Aluminium sector.Incorporated in 1965, BALCO has been closely associated with the growth of the Indian Aluminium Industry and has played the pivotal role in making aluminium a leading metal with myraid uses ranging from household, industrial to strategic defence and aerospace applications.
BALCO has two working unites-an integrated Aluminium complex situated at Korba in Madhya Pradesh and the second in West Bengal in Bidhanbag equipped to produce only downstream facilities.BALCO is vertically integrated from sourcing of bauxite from its captive mines, refining and smelting to produce aluminium and a variety of semi finished products.
BALCO has contributed significantly as a primary aluminium producer, providing sustenance to vital industries and has proved its mettle by developing and supplying special aluminium alloys to the nation’s intermediate range ballistic missile Agni and surface missile Prithvi.
COMPANY’S VISION
To achieve global standards of excellence in productivity and customer satisfaction.
MARKETING
The sale of the products manufactured effected by BALCO through its marketing network.It has regional marketing offices at New Delhi, Mumbai, Calcutta and Chennai.Besides, Territorial Offices in places like Pune, Nagpur, Chandigarh, Baroda, etc. are also assisting in marketing the products.In addition, the services of the various consignment agents are also availed of by the Company.
The Company has achieved ever highest turnover of Rs. 896.5 crores during 1999-2000 i.e. an increase of 3% over last year turn over of Rs. 871 crore, despite lesser sale by 1618 tonnes.This could result mainly on account of higher sale of value added products by the company.BALCO’S share of rolled products amongst all primary producers accounts for 33% sale in domestic market and has achieved all time record despatch of 44,035 tonnes both from Korba and BBU combined during the year 1999-2000. The Company is installing a New Cold Rolling Mill at Korba to produce 36,240 tpa sheets/coils of minimum 0.12 thickness at sanctioned cost of rs 157.50 crore. All imported materials have reached at site and the erection work is in full swing. The main equipment i.e. Strip caster and old rolling mill has been supplied by FATA HUNTERS of Italy.Civil work has been completed by M/s Engineering & Projects India Limited.The Project is expected to be commissioned by 1^st quarter 2001.This would give BALCO a competitive advantage and increase profitability of the company.
The company is also modernising its foils plants at BBU.
The company is developing two captive mines viz Mainpath and Kwardha in M P while the production from Mainpath has already, commenced the other mine at Kwardha is in the process of development .The company expects to receive necessary clearances from MOEF soon.BALCO has requested the M P state Government, to grant permission for 60 hectares encroachment free Government land to start up the preliminary activities at Kwardha mine. The project to start production from early 2001.
During the last three years the company has received MOU rating as follows :-
 

DISINVESTMENT/
The Disinvestment commission set up by the Govt. of India had recommended disinvestment of 51% equity shares in the equity capital of Rs. 488 crores(now 244.45 Crores) to the strategic partner.The Government has constituted Inter-Ministerial Group (IMG) to deal with issues arising in the course of the disinvestment. M/s Jardine Flemming has been appointed as Global Advisor to assist in the process of such disinvestment.