Bharat Aluminium Company

Vedanta Group retrenches about 4k jobs in India since Jan

Balco accounts for 1,000 job cuts and Vedanta Aluminium for around 2,000, while Sesa Goa as well as Cairn India have already slashed up to 450 jobs each, so far.

Balco begins to shut rolling business; 1K jobs to be lost

Last month, the aluminium manufacturer had announced its decision to shut down the rolling mill in Korba (Chhattisgarh) on account of "steep fall" in the prices of the metal besides dumping from China and falling margins.

Sepco hands over first unit of Balco's Rs 5k cr power plant

Bharat Aluminium Company (Balco), part of the billionaire Anil Agarwal-led Vedanta Group, said work will start on the remaining three units of the power plant shortly. Vedanta holds 51 percent stake in Balco, while the remaining is with the government of India.

Govt transfers ECs of 19 coal blocks of total 29 so far

In a bid to expedite operations from the recently allocated coal mines, the Environment Ministry had amended EC norms after a request made by the Coal Ministry to facilitate transfer of ECs to successful coal bidders.

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.

See no logic for govt holding on to SUUTI shares: Expert

As the government has found few takers for its stake sales through the IPO or OFS route, it may press cash-rich PSUs to buy stakes in each other. For example, an NTPC could be asked to buy shares in Coal India.

Sesa Sterlite falls 3% on CBI investigation

A Sterlite unit bought a 26 percent stake in Hindustan Zinc from the government in 2006. The unit now owns 64.92 percent in Hindustan Zinc, while the government has a 29.54 percent stake.

Govt may expedite divesting stake in HZL, Balco: Tulsian

SP Tulsian of sptulsian.com says,â€ I think the government will now be happy to expedite the process of divesting their residual stake in HZL as well as in Balco.â€

Vedanta sweetens offer for govt's stake in Hind Zinc, Balco

Vedanta currently holds 51% stake in Balco and 64.92% stake in Hindustan Zinc through its subsidiary Sesa Sterlite.

Hind Zinc, Balco stake sale may ease govt's fiscal burden

Accoding to sources in the finance ministry, there is enough leeway in the Budget to manage the Rs 40,000-50,000 crore fiscal deficit stress. The government may fetch Rs 25,000 crore from Hindustan Zinc, Bharat Aluminium Company (BALCO) stake sale instead of Rs 14,000 crore.

FinMin wants Hind Zinc, Balco's stake sale fast-tracked

The government has a residual stake of 29.5 percent stake in Hindustan Zinc and 49 percent stake in Bharat Aluminium Company (BALCO) and the divestment programme would bring in over Rs 13000 crore (USD 2--2.5 billion) to the government.

Vedanta best bet for Hindustan Zinc stake sale: Tulsian

In an interview to CNBC-TV18, SP Tulsian of sptulsian.com said that the clearence of HZla nd BALCO's stake sale this is an excellent move. he believes that stake sale to Vedanta is a better option then an open market sale because that would decrease the value of the stake held by the government.