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CCI approves Balasore Alloys’ proposed acquisition of Rohit Ferro’s Odisha unit

27 May 2015 Evaluate

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.

 

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