Budget 2014: State-Owned Firms That Could Go On The Block

4. Bharat Aluminium Company Limited (BALCO)

BALCO was the first public sector company that started producing aluminum in 1974, thereafter in 2001 was handled to Vedanta Resources; keeping 49 percent shares with the government and the remaining to the Sterlite Industries, part of Agrawal’s Vedanta group.

At present, the government’s stakes worth 4, 000 crore in BALCO and the government is planning to auction the 49 percent state owned shares in the company.

5. National Hydroelectric Power Corporation (NHPC)

NHPC was established in the year 1975 with an objective to promote, plan and organize hydroelectric power in India. But sooner NHPC was extended to geothermal, tidal and wind and other sources of energy. State government holds about 86.36 percent shares as a promoter of the company.

It is estimated that around 10 percent of shares will be considered for auction.