The government has sold 69.8 crore shares or 3.6% stake in National Aluminium Company (NALCO) through Bharat 22 ETF scheme. Through Bharat-22 ETF, comprising shares of 22 companies, the government had targeted to mop up Rs 6,000 crore with a green shoe option of another Rs 2,400 crore.
NALCO has the largest integrated alumina-aluminium complex of Asia. Its integrated operations cover the entire aluminium production value chain from mining bauxite, refining alumina, smelting aluminium, captive power generation to a strong logistic network in terms of rail & port facilities, coal mining and handling plant to support its operations and to become one of the most cost-efficient aluminium companies across the globe.
