Question : PRIVATISATION OF BHARAT ALUMINIUM COMPANY



(a) whether there is any proposal to privatise the Bharat Aluminium Company (BALCO);

(b) if so, the reasons therefor; and

(c) the private companies participating in bid for their stake in BALCO?

Answer given by the minister


MINISTER OF STATE ( INDEPENDENT CHARGE ) OF THE DEPARTMENT OF DISINVESTMENT, MINISTER OF STATE IN THE MINISTRIES OF PLANNING, STATISTICS & PROGRAMME IMPLEMENTATION AND MINISTER OF STATE IN THE DEPARTMENT OF ADMINISTRATIVE REFORMS AND PUBLIC GRIEVANCES (SHRI ARUN SHOURIE)

(a) The Government has decided to disinvest 51% equity in BALCO in their disinvestment plan / policy.