Chhattisgarh Revives Aluminium
The Chhattisgarh government, led
by the Bharatiya Janata Party, has
decided to resume efforts to establish an aluminum manufacturing hub on more
than 140 hectares of land in Korba district. The goal is to promote small-scale
aluminum product industries, leveraging the presence of the state-owned major
aluminum producer, Bharat Aluminium Company Limited (BALCO).
The Chhattisgarh government
previously made an agreement with Bharat
Aluminium Company Ltd (BALCO), a subsidiary of Vedanta Limited, to supply
raw aluminum to small-scale industries at a subsidized rate.
Earlier proposals to create
aluminum clusters aimed at boosting local downstream industries by providing
subsidized raw aluminum from the BALCO smelter unit to MSME players were
initiated in 2015 and 2021. However, they failed to progress beyond the initial
land identification stage due to execution delays.
The renewed push for the project
comes from the newly elected Korba legislator, Lakhanlal Dewangan, who has
prioritized the project. Initial budget allocation for 2024-25 has been made to
expedite the necessary processes and site development for the envisioned
venture, which promises substantial investments.
Promoting the entire aluminum
goods production value chain, including utensils, wires, foils, and automobile
parts by smaller entrepreneurs within Korba, offers significant industrial
growth, job creation, and revenue generation for Chhattisgarh.
Bharat Aluminium Company Ltd.
(BALCO), established in 1965 as a central public sector unit (CPSU), operates
the country’s largest aluminum smelter facility at Korba, producing 5.7 lakh
tonnes annually. Leveraging BALCO's potential to supply aluminum at discounted
prices to support smaller manufacturers remains a key attraction.
BALCO has achieved significant
milestones, including the development of special aluminum alloys for the
Intermediate Range Ballistic Missile – Agni and Surface Missile – Prithvi. It
was also the first in the Indian Aluminum Industry to produce alloy rods used
in power transmission lines.
However, safety concerns arose in 2009 when a chimney under construction by Gannon Dunkerley & Company at the Balco smelter in Korba, Chhattisgarh, collapsed, resulting in the deaths of 49 workers.Know More:
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