Tata Steel is all set to acquire Stork Ferro and Mineral Industries (SFML) for INR 155 crore in an all-cash deal along with applicable taxes. Located in Odisha’s Balasore, the company has two 16.5 MVA furnaces and an annual production capacity of 53,000 t . Accordingly, an asset transfer agreement has already been signed between the two companies, sources informed.
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