The Competition Commission of India (CCI) has approved the proposed combination involving the acquisition of 100 per cent shareholding in SMC Power Generation Limited by Rungta Sons Private Limited.

Rungta Sons Private Limited (RSPL), a private firm engaged in iron ore and manganese ore mining as well as the manufacture of ferro alloys, will acquire complete ownership of SMC Power Generation Limited (SMCPGL).

SMCPGL is a public company primarily involved in the production and sale of sponge iron, steel billets, Thermo Mechanical Treatment (TMT) bars, pig iron, and ferro alloys, particularly silico manganese.