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April 27, 2015 5:07 PM ET

Metals and Mining

Company Overview of Bharat Aluminium Company Limited

Company Overview

Bharat Aluminium Company Limited engages in mining, smelting, refining, and fabricating aluminum in India. It produces primary products, such as ingots, wire rods, and billets. The company also offers rolled products, including hot rolled coils, hot rolled plates, cold rolled coils and strips, cold rolled sheets, and chequered sheets. In addition, it is involved in the power business. The company was incorporated in 1965 and is based in New Delhi, India. Bharat Aluminium Company Limited is a subsidiary of Sterlite Industries (India) Limited.

Aluminium Sadan

Core-6, Scope Office Complex

Lodi Road

New Delhi,  110003

India

Founded in 1965

Key Executives for Bharat Aluminium Company Limited

Chief Executive Officer and Whole Time Director
Age: 44
Chief Financial Officer
Company Secretary
Senior Vice President of Legal
Compensation as of Fiscal Year 2014.

Bharat Aluminium Company Limited Key Developments

Vedanta Chief Expects To Buy Hindustan Zinc And BALCO Stakes Soon

Vedanta Resources plc (LSE:VED) Chief Anil Agarwal said the company expects to pick up residual stakes in Hindustan Zinc Ltd. (BSE:500188) and Bharat Aluminium Company Limited at "market driven value" soon. "This government is very determined to go ahead and sell the shares. They are working on it and this financial year they want to disinvest and get this money. We are here to pay the right price and it is a very transparent process. We all abide by that," Agarwal told PTI about Hindustan Zinc and BALCO.

Finance Ministry May Postpone Sale Of Residual Stake In Hindustan Zinc And Bharat Aluminium

The finance ministry is likely to postpone its planned sale of residual stake in Hindustan Zinc Ltd. (BSE:500188) and Bharat Aluminium Company Limited to next financial year. Now, five months later, the advisors have asked for more time. “They need additional time. Even if they come back with a valuation, we have just three months left. It is unlikely we will be able to complete the stake-sale process for the two companies this financial year,” an official said.

Goverment To Sell Stake In SUUTI, Hindustan Zinc, Balco, Coal India, ONGC and NHPC Before March

The government is looking to sell its stake in Oil and Natural Gas Corp. Ltd. (BSE:500312), NHPC Ltd. (BSE:533098), Hindustan Zinc Ltd. (BSE:500188), Coal India Limited (BSE:533278), The Specified Undertaking of the Unit Trust of India and Bharat Aluminium Company Limited before March 2015. A senior government official familiar with the development said, "The government is trying to push through as many stake sales as possible in the next three months and it is hoping to meet a sizeable chunk if not the full target from disinvestment proceeds". He also said, "Ideally, we should not have back-to-back issues but that is what we will have to do over the next quarter to maximize gains from stake sales".

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