BS reported that Vedanta controlled Bharat Aluminium Company Limited has started a voluntary retired scheme to shed excess workforce.

Mr BK Sriwastwa chief of corporate communications of BALCO said “Of all previous schemes, this one could be the best and offers a more lucrative cover.”

This is the fourth time that the BALCO management announced VRS for its employees.

The PSU in which London based Vedanta has 51% stake was disinvested in February 2001.

(Sourced from Business Standard)