BALCO to Shut Aluminum Mill, 1000 Jobs to Go

Nearly 1,000 jobs are likely to be lost at Bharat Aluminium Company or BALCO, which has started the process of closing down its aluminium mill in Korba in Chhattisgarh. BALCO, owned by billionaire industrialist Anil Agarwal's Vedanta Group, manufactures aluminium, which finds use in packaging, transportation, electrical, machinery and equipment, building construction and consumer durables. The company wants to close the Korba unit ...