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.
| Company Name | CMP |
|---|---|
| Tata Steel | 214.70 |
| JSW Steel | 1269.80 |
| SAIL | 187.10 |
| Jindal Stainless | 761.40 |
| APL Apollo Tubes | 1899.30 |
| View more.. | |
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