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BALCO News

03 Mar 2016

Govt can get $3.7 billion for its stake in HZL, Balco: Anil Agarwal

Keen to buy government's residual stake in Hindustan Zinc and Bharat Aluminium Co, Vedenta Resources Chairman Anil Agarwal Thursday said the government can get Rs 25,000 crore (about USD 3.7 billion) from stake sale.

05 Oct 2015

Volatile markets may slow down PSU stake sale: FM Jaitley

Volatile stock markets may compel government to go slow in diluting PSU stocks in the stock market, said Finance Minister Arun Jaitley

14 Sep 2015

Balco begins process to shut rolling biz; to cut 1,000 jobs

Balco, part of Anil Agarwal-led Vedanta Ltd, on Monday said it has started the procedure to shut down its aluminium rolling business in Chhattisgarh - a move that will see 1,000 people losing jobs.

24 Mar 2015

Cancelled JSPL, Balco mines given to Coal India

The government on Monday is believed to have alloted the three cancelled coal blocks, for which JSPL and Balco had emerged as the highest bidders in the recently concluded auctions, to state-owned miner CIL.

16 Jan 2015

BALCO gets nod for 1,200 MW power plant in Chhattisgarh

BALCO is a subsidiary of Vedanta group's Sesa Sterlite.

Vedanta Resources

14 Jan 2015

Vedanta chief Agarwal expects to buy HZL, BALCO stakes soon

Banking on Modi government's determination to go ahead with disinvestment drive, Vedanta Resources chief Anil Agarwal said the company expects to pick up residual stakes in Hindustan Zinc and BALCO at "market driven value" soon.

17 Dec 2014

Residual stake sale in Hindustan Zinc, Balco unlikely this fiscal

The government is unlikely to sell its residual stake in Hindustan Zinc and Balco in the current fiscal as it looks at ONGC and Coal India disinvestments to meet the current year's target.

14 Nov 2014

Vedanta Chairman discusses HZL, Balco stake sale with FM

Weeks after government-appointed valuers visited the sites of Hindustan Zinc and Balco, Vedanta Resources Chairman Anil Agarwal on Friday discussed with Finance Minister Arun Jaitley issues related to residual stake sale in the erstwhile state-owned firms.

government stake

25 Jul 2014

Govt approves stake sale in Hindustan Zinc, BALCO

The government owns 29.5 percent of Hindustan Zinc and 49 percent of BALCO.

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