BALCO to shut down rolling plant

Last month, the aluminium manufacturer had announced its decision to shut down the rolling mill in Korba (Chhattisgarh) on account of “steep fall” in the prices of the metal besides dumping from China and falling margins.

“BALCO has begun the official procedure to close down its Sheet Rolling Division and Foundry at Korba. The company has issued the information to the Secretary, Labour Ministry, government of Chhattisgarh, as well as the BSE and NSE,” the company said in a statement.

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