Balasore Alloys enters into business transfer agreement

To acquire ferro alloys plant on slump sale basis

Balasore Alloys announced that consequent upon the approval granted by the Business Acquisition Committee of the Board of Directors, Company has executed a Business Transfer Agreement with Rohit Ferro Tech for acquisition of its ferro alloys plant at Kalinganagar Industrial Complex, Duburi - 755 026, Dist- Jajpur, Odisha as a going concern on a slump sale basis.

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