BALCO Abbreviation

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Popular abbreviations of BALCO:

Searching for BALCO abbreviation / BALCO full form leads to different results in different categories. The below table illustrates the popular acronyms among them.

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What does BALCO mean?

The Bharat Aluminum Company is the first integrated aluminum industry in India. It established the first captive power plant and is known for its Indian progress. It produces more than six lakhs tons of aluminum. The total aluminum requirement of 20% is sufficient by BALCO.

The company was established in 1965. In 2001, the Government of India disinvested its share to Sterlite Industries Limited, and the Government itself holds 49% of shares. It also rolls materials for aerospace in different locations of the country.

BALCO’s primary operation in Korba (Chhattisgarh) and other Bauxite mines lies in the Kawardha and Mainpat.

Key Highlights

• In 2004, a smelter of capacity 245 KTPA was established.
• It produces the most oversized billet with 800 mm diameters and 6 mt lengths.
• Finishing lines are designed to deliver the primary quality ingots, wire rods, and rolled products.
• In 2016, the new power plant was established at 1200 MW.
• It has an uninterrupted power supply that supports the smelter plants.
• Two major captive plants lie at the Jamnipali and Korba.
• At the time of disinvestment, the total production capacity was 270 MW, and now it has increased to 2010 MW.

Strategy

• Assessment – It assesses the inputs and suggestions from stakeholders and the community.
• Planning – It crafts the plan of actions based on the business goals.
• Collaborations – It makes effect to collaborate with different Government bodies.
• Implementation – It focuses on the community’s involvement in various decisions and focuses on building the community’s capacity.
• Monitoring and feedback – It works on periodic management and audits and reports timely. It further reports these to the District Admin.