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Drdo

LIVE INDIA EXCLUSIVE

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Live India News Desk | Written on 5 Apr, 2014 at 20:51 in India |Ghadar-Aaj-Raat

Live India exposed how national security is compromised by the goverment. Itis related to Balco i,e Bharat aluminium company limited located in Korba,Chattisgarh.
The story talks about a chinese company named SEPCO being awarded a contract for setting up of a power unit inside BALCO, a Navratna company. At BALCO,DRDO’s research and development centre is in operation.They are making aluminium alloys like AA2014 ,AA2219 etc for different kind of missiles.
They are also producing various kinds of aerospace material for ISRO and Vikram Sarabhai space centre.Apart from this missile casing,designing and assembling is also being done here.
Vedanta,a UK based company,being the majority stake holder(51 percent) took the arbitrary decision of giving the contract to a chinese company SEPCO for setting a power unit inside BALCO thus compromising the national security interest.Interestingly SEPCO went a step further by subletting construction work to a company called Gannon Dunkerley.
This company claims to be an Indian company but it has its business interest mostly in Dubai,Abudhabi,Gulf and middle-east. This was done despite govt of India’s instructions that contract should be given to an indian company.The Govt of India remained a silent spectator to Vedanta’s decision.No action was taken.
Prior to entry of the chinese a shocking incident took place at BALCO. Missile proof and design were stolen from BALCO.Adding to that Vedanta,the 51percent stake holder in Balco sold missile assembly line under the pretext of it being oldwith taking due permission or clearance from defence ministry and other security agencies.
A congress MP Dadai dubey wrote a letter to then prime minister and home minister about it.But no action was taken.Now the govt has approved complete disinvestment of BALCO in favour of Vedanta.Finance minister P.chidambaram was non executive director of Vedanta from Nov 2003 till 22nd may,2004 a day before formation of UPA1.
He was given finance portfolio in the UPA govt.Allegation is that he facilitated complete disinvestment of BALCO, a Navratna company in favour of Vedanta.