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The Balco Saga
August 19, 2002
• Govt not to interfere in Balco transfers
July 13, 2002
• Balco plans to treble aluminium capacity
April 2, 2002
• Balco initiates mass transfers, withdraws VRS offer
March 7, 2002
• SC rejects Balco Employees' Union plea for divestment review
February 25, 2002
• Sterlite plans foreign listing for Balco expansion
December 10, 2001
• SC upholds Balco divestment
• SC verdict on Balco to boost divestment: Shourie
November 30, 2001
• Balco to raise capacity, scouts for technology providers
August 31, 2001
• Balco to improve metal quality in 2-3 months
August 29, 2001
• SC not to go into correctness of Balco valuation
August 27, 2001
• Sterlite plans expansion at Balco
August 24, 2001
• Quarter of Balco workforce seeks retirement
August 2, 2001
• Mazdoor Sangh tells Balco staff to boycott VRS
July 31, 2001
• Balco kicks off VRS; unions appeal for rejection
July 28, 2001
• Sterlite offers VRS to staff transferred to Korba
July 3, 2001
• Sterlite plans VRS for Balco executives: BS
June 20, 2001
• Balco effects en-mass transfers at Delhi office
June 19, 2001
• Balco planning to more than double capacity
June 9, 2001
• Balco valuation to include Korba plant: DoD
June 7, 2001
• DoD asks for Balco valuation details
June 4, 2001
• It's business as usual at Balco: BS
May 30, 2001
• Balco output picks up after shutdown
May 9, 2001
• Balco to start production in five days
• Balco tangle threatens to involve other Chhatisgarh units
May 8, 2001
• Balco issue engulfs Daewoo Power, Essar Steel
• SC puts off order on Balco till July 17
May 5, 2001
• Balco unions to press on with strike
May 4, 2001
• Balco strike to continue
May 3, 2001
• Balco strike may end on Friday
May 2, 2001
• SC asks Balco workers to call off strike
• Decision on Balco strike deferred, stir continues
May 1, 2001
• Breakthrough in BALCO deadlock in sight
April 27, 2001
• 'Balco issue will not to hit private investment in Chhattisgarh'
April 23, 2001
• Sell-off proceeds can be used in states: Shourie
April 16, 2001
• Balco talks end in a stalemate
April 14, 2001
• Tripartite meeting to resolve Balco issue
April 13, 2001
• Jogi urges Centre to solve Balco imbroglio
April 9, 2001
• 'Opponents of Balco sell-off will pay heavily'
• Balco petitions transferred to SC
April 6, 2001
• Balco staff stir may end soon
April 5, 2001
• Chattisgarh vows to pay Rs 5.52 bn for Balco
April 2, 2001
• Losses mount at strike-hit Balco
• Balco resorts to 'no work no pay' rule
March 27, 2001
• PILs on Balco kept pending till SC's decision
• Criminal case slapped on new Balco MD
March 26, 2001
• 'Cong not for sell-off of profit-making PSUs'
March 23, 2001
• Jogi's stand on Balco may drive investors away
March 21, 2001
• Balco management considering lock out
• Politicans whip up frenzy against Balco selloff
March 19, 2001
• Stalemate on refineries issue to affect sell-off target
March 16, 2001
• Balco stir intensifies;
Chhattisgarh bandh
March 15, 2001
• Aluminium imports seen up on Balco strike
• Balco workers' strike enters 13th day
March 14, 2001
• Mamata asks PM to review Balco deal
• Balco management says it cannot transfer shares
• Balco workers call for
Chhattisgarh bandh
March 13, 2001
• Chhattisgarh to submit proposal to SC for Balco pie
• CVC writes to Jogi on allegation of kickbacks in Balco deal
• Balco strike to end soon: MD
March 12, 2001
• Cong questions govt's petition
on
Balco
• Balco deal complete; can't be
reopened: Ministry
• SC raps Chhattisgarh over Balco
issue
• Chhattisgarh govt keen to 'buy'
Balco
• Privatisation evokes fear in
Balco
township
March 10, 2001
• Balco hopes for an early end to impasse
March 9, 2001
• Balco workers vow to maintain
strike
• Striking employees allow
maintenance of Balco plant
March 8, 2001
• Govt criticised for moving SC on Balco
• Balco workers to continue strike despite SC order
• 40 pots of smelter plant at Balco frozen
• Balco workers promise to maintain smelter
• Provide full protection to Balco workers: SC
• Concerned Ficci chief writes to Jogi
March 7, 2001
• Balco workers reject appeal to maintain plant
• Future of Balco hangs in balance
• BJP warns Jogi government on Balco
• Striking Balco employees offer help to keep the plant alive
• Shourie asks CAG to conduct audit in Balco deal
• Assocham slams govt handling of divestment
March 6, 2001
• Balco strike may halt smelting for months
• Balco crisis deepens, three power units closed
• Balco divestment controversy rages on
March 5, 2001
• Workers' strike enters second day in Balco
• Balco strike not to hit aluminium sector
• Sterlite mulls US, Europe acquisition
March 3, 2001
• Showcause notice issued in Balco case
• Chhattisgarh to move SC on Balco
• More investment, no
retrenchment in Balco: Sterlite
March 2, 2001
• Govt sells Balco stake to Sterlite
• Balco unions plan indefinite strike
• Judiciary may take its own view on Balco: Sinha
• SC stays Balco proceedings in courts
• DoD expects to complete sell-off of 15 firms by June
March 1, 2001
• Disputed Balco sell-off goes to a vote
February 28, 2001
• Naveen Patnaik in trouble over lease to Balco
• Balco to be taken up in LS under censure motion
• Sinha raises the wind, sets target at Rs 120 billion
February 27, 2001
• Workers' interest in Balco would be fully protected: Shourie
• Oppn attacks govt on Balco issue
• Opposition attacks govt on Balco in RS
• Govt out to sell Nalco: Singhdeo
• Major divestments by end 2001, says govt official
February 26, 2001
• Sinha to go ahead with divestment despite Balco imbroglio
• Balco deal to be held up till March 1: Mahajan
• HC adjourns PILs challenging Balco divestment
February 24, 2001
• Govt seeks 3 Balco directors' resignation
February 23, 2001
• Govt to place Balco documents before CAG
• Balco selloff furore rocks Parliament again
February 22, 2001
• Balco sale to spur future
privatisations
• Balco sale to sharpen
competition
• Price for Balco just right, says
Sterlite
February 21, 2001
• Govt to sell 51% Balco pie to Sterlite
February 19, 2001
• Chhattisgarh offers to buy into Balco
February 17, 2001
• Govt clears 33 PSUs for divestment
February 5, 2001
• Balco wants govt to write down equity 10%
January 22, 2001
• India to invite bids for Balco next week
June 23, 2000
• CCD in principle decides to sell majority shares of 10 more PSUs
June 12, 2000
• Hindalco open to bidding for Balco
• India invites bids for Balco sell-off
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