Balco has two working units – an integrated Aluminium complex situated at Korba in Chhattisgarh and the second in West Bengal at Bidhanbag . Till 2001, the government divested 51 per cent of its equity and management control in favour of Sterlite Industries (I) Ltd at a cost of US$ 123 million.

Is BALCO still in business?

BALCO today Technically speaking, BALCO is extinct, but Victor Conte is a free man and still running a business called “Scientific Nutrition for Advanced Conditioning” or “SNAC.” After serving a four-month prison sentence prior to pleading guilty in 2005, he now sells various supplements and vitamins.

What was the BALCO investigation?

August 2002 – Federal agents begin investigating BALCO, a California lab suspected of selling banned performance enhancing drugs to athletes. … October 16, 2003 – The USADA announces it has uncovered a doping “conspiracy” involving previously undetectable steroids used by track and field athletes.