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Balco blooms after privatisation

By Our Special Correspondent

BANGALORE APRIL 10. The erstwhile public sector aluminium producer, Balco, now a division of the Sterlite group, seems to have blossomed after privatisation. According to a company release, during 2002-03 , Balco has reported the best ever production since 1987 of alumina hydrate at 1.95 lakh tonnes, aluminium salable metal at 95,354 tonnes and properzi rods at 47,425 tonnes.

The sale of metal (including consignment) during the last year was 99,520 tonnes, an all time high. With alumina and aluminium prices remaining more or less firm, Balco looks forward to a good performance in 2003-04.

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