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Govt rejects Balco expansion plans (Live mint.com 1st Jan 2008)The environment and forests ministry has rejected a fourfold expansion of bauxite mining capacity in Chhattisgarh sought by Bharat Aluminium Co. Ltd, or Balco, severely castigating the firm for what it describes as a “deplorably callous and casual attitude” in addressing concerns the ministry had raised earlier.
Balco, which is 51% owned by Sterlite Industries (India) Ltd and is the third largest aluminium producer in India, says it will reapply. Sterlite Industries is a wholly owned subsidiary of London-based Vedanta Resources Plc. More
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