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State PCS

Chhattisgarh State PCS

  • 24 Feb 2024
  • 2 min read
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Chhattisgarh to Revive Aluminium Park Project in Korba

Why in News?

The Chhattisgarh government has decided to revive an aluminum park proposal originally mooted in 2021 to promote small-scale industries in Korba.

Key Points

  • The State government had entered an agreement with Bharat Aluminium Company Ltd (BALCO), a subsidiary of Vedanta Limited to supply raw aluminum to small-scale industries at a subsidised rate.
  • The district administration identifies Rukhbahari village land for the project near BALCO township and even held a gram sabha to take the consent of villagers for the project.
  • An initial provision of Rs 5 crore has been made in the budget proposal of the industry department for the financial year 2024-25 to meet the demand of Aluminum Park in Korba district.

Bharat Aluminium Company Ltd (BALCO)

  • BALCO was incorporated in 1965 as the first Public Sector Undertaking (PSU) in India and since then it has been closely associated with the Indian Industrial Growth, in a pivotal role.
  • In 2001, Government of India disinvested 51% shares of Bharat Aluminium Company Limited (BALCO) to Sterlite Industries Limited a subsidiary of Vedanta Limited.
  • BALCO is playing a crucial role in introducing Aluminium as a potential alternative to other metals like Steel in construction, and Copper in the power transmission industry.
  • Major operations of BALCO are in the town of Korba (Chhattisgarh), whereas its mines supplying high grade Bauxite are situated at Kawardha and Mainpat.

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