INDIACSR News Network
KORBA: Ramesh Nair will head the Bharat Aluminium Company (Balco) Korba. Balco, a Vedanta Group company, today said it has appointed Ramesh Nair as its Chief Executive Officer. He has over 20 years of experience in the metals industry and has also worked with Vedanta group for 11 years in past, including as Chief Operating Officer of Sterlite Copper.
“I am glad to have Ramesh Nair as Balco CEO and have strong belief that he will be able to steer Balco to its full potential,” Vedanta group chairman Anil Agarwal said on his appointment, company said in the statement.
According to the statement, prior to joining Balco, Nair was with Jindal Stainless as President and Executive Director.
Balco, an erstwhile PSU now controlled by Vedanta, has 2.45 lakh tonne per annnum (LTPA) aluminium smelter in Chhattisgarh along with a 810 MW thermal power plant.
It is also in the final stages of commissioning a new 3.25 LTPA aluminium smelter with 1200 MW thermal power plant at an investment of about Rs 10,000 crore.
Balco is contributing Rs 600 crore to Government, while a number of community development programs under CSR, in 121 villages is being operated in the Chhattisgarh State.
Balco is investing Rs. 350 crore to establish360 bed world class Vedanta Cancer Hospital and Research Center in Raipur, capital city of Chhattisgarh. Construction works are going on. This is perhaps the biggest investment by private industrial establishments in health services of Chhattisgarh state. Needless to say that the investment is being done in Chhattisgarh but its positive impact will be nationwide.
Earlier Gunjan Gupta was CEO of the Balco. He has resigned Balco recently. Gunjan Gupta was Whole-Time Director and Chief Executive Officer of Bharat Aluminium Company Ltd of Vedanta Resources Plc and of Sterlite Industries India Ltd since March 2008. Mr Gupta joined BALCO in 2005 and served as the Vice President of marketing and the business head for the 245,000 tpa smelter complex at Korba.