Maithan Alloys has participated in the auction of Impex Metal & Ferro Alloys (under liquidation) as a going concern. The Liquidator officer has intimated the company that its bid has been ranked as the highest bid and has declared the company as H1 BIDDER.
The necessary approval of National Company Law Tribunal in this regard is awaited.
Maithan Alloys is a holding company. The company is engaged in the business of manufacturing and exporting of all three bulk Ferro alloys, including Ferro Silicon, Ferro Manganese and Silico Manganese, and has a captive power plant.
