Fair trade regulator Competition Commission of India (CCI) has cleared Balasore Alloys’ proposed acquisition of Odisha unit of Rohit Ferro-Tech saying that the deal may not have an adverse impact on competition in the country.
Rohit Ferro-Tech provides a whole range of ferro alloys, while Balasore Alloys (BAL) is engaged in the production of ferrochrome only. Rohit Ferro-Tech has three ferro alloy producing facilities located at Bishnupur and Haldia in West Bengal and Jajpur in Odisha.