Balco to construct road in ChhattisgarhPublished by MAC on 2007-02-13
Balco to construct road in Chhattisgarh
13th February 2007
Aluminium major, Bharat Aluminium Company Ltd. (Balco), has agreed to the Chhattisgarh government proposal for construction of a 42 km road in Kawardha district where the firm has a lease to mine bauxite.
The company would also maintain the road in the impoverished hilly Kawardha region, largely populated by the Baiga tribe, said an industry department official.
He added that roads in the region were in a bad shape with the company's heavy vehicle plying raw material.
Balco, which has a large integrated aluminium construction complex in Korba, 210 km from here, has got a 20-year lease for mining bauxite in 626.17hectares of land in Kawardha's Mundadadar, Keshamrada, Radda and Semsatha villages.
Balco was incorporated in 1965 as a state-run firm. In 2001, the Indian government sold 51 percent of Balco's equity to Sterlite Industries for Rs.5.51 billion.