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Balasore Alloys executes agreement for acquiring business of Jabamayee Ferro Alloys

17 Nov 2014 Evaluate

Balasore Alloys has executed an agreement for acquiring the business of Jabamayee Ferro Alloys as a going concern on a slump sale basis. The company has taken this step pursuant to the decision at the committee of board of directors held on November 16, 2014.

Balasore Alloys is one of the largest ferro alloys producer and suppliers in India. The company has captive mines in different locations like chromite ore mines in Sukinda Valley at Jajpur Road (Orissa), Manganese Ore Mines in Hathoda (Madhya Pradesh).

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