Rohit Ferro-Tech has extended the validity of Business Transfer Agreement (BTA) with Balasore Alloys on December 24, 2015 for sale of its Jajpur manufacturing unit in the state of Odisha, up to March 31, 2016.
Earlier in May, 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.
