NALCO not to be privatised: Paswan

angul: despite the centre deciding to disinvest 30 per cent of its stake in the national aluminium, the profit-making company would not be privatised, minister for mines ram vilas paswan said. paswan, who visited the smelter and captive power plant of nalco on thursday, told plant executives and workers that apprehensions about the company being privatised were without any basis. pointing out that the government held 87 per cent stake in nalco, the minister said even after disinvesting 30 per cent of the equity, the government would still have total control over the company with 57 per cent stake. he announced that nalco would undertake repair work of all schools in and around the aluminium town which had been badly damaged in a hailstorm recently. assistance would also be provided in some other areas as the company had a social obligation to fulfil. nalco''s newly-appointed chairman-cum-managing director, c venkatraman was also present.