(a) whether the Government have a proposal for the merger
of Bharat Aluminium Company (BALCO) with National Aluminium
Company (NALCO);
(b) if so, the reasons for which these two PSUs are
proposed to be merged;
(c) the time by which the merger process is proposed to be
completed;
(d) whether the earlier proposal to privatise BALCO has
been withdrawn; and
(e) if so, the reasons therefor?
THE MINISTER OF MINES & MINERALS
(SHRI P.R.KUMARAMANGALAM)
(a) to (e): A statement is laid on the Table of the House.
STATEMENT REFERRED TO IN REPLY TO THE LOK SABHA STARRED
QUESTION NO. 661 FOR ANSWER ON 12.05.2000 ASKED BY SHRI
ANANTA NAYAK AND SHRI K.P.SINGH DEO REGARDING MERGER OF BALCO
AND NALCO .
(a) to (e): The Government does not contemplate any merger of
Bharat Aluminium Company Limited (BALCO) with
National Aluminium Company Limited (NALCO). The
proposal to divest 51% of BALCO`s equity in favour
of a strategic partner still stands.