Rohit Ferro-Tech has received an approval to sell, transfer or otherwise dispose of the Jajpur manufacturing unit of the company located at Kalinganagar industrial Complex, Duburi, Jajpur district in state of Orissa. The board of directors at their meeting held on December 29, 2014, has approved for the same.
The above will be as going concern by way of slump sale or otherwise, subject to such approvals and permission as may be required for such sale. The Managing Director and Director of the Company have been authorized to negotiate the proposed deal with the prospective acceptable purchasers.
Rohit Ferro Tech (had started its operations in October’03 with a Ferro Alloy plant comprising of Two 9 MVA Submerged Arc Furnaces to produce High Carbon Ferro Chrome at Bishnupur in the state of West Bengal.
