Tata Steel Takes FACOR Alloys Chrome Plant on Wet Lease

FACOR Alloys Ltd has entered into a conversion agreement with Tata Steel Ltd for conversion of chrome ore into ferro chrome, wef 28th November, 2020.
Tata Steel Takes FACOR Alloys Chrome Plant on Wet Lease
FACOR AlloysWiki

FACOR Alloys Ltd has entered into a conversion agreement with Tata Steel Ltd for conversion of chrome ore into ferro chrome, wef 28th November, 2020. Post-execution of the above arrangement with Tata Steel, FACOR Alloys’ plant will be operational now at its 100% capacity.

Ferro Alloys Corporation Limited, incorporated in 1955 is one of the India's largest producers of ferro alloys. Facor Group, started its journey in 1956 from a ferro manganese plant at Shreeramnagar in Andhra Pradesh. Now, FACOR, as per their website, has the capacity to produce 65,000 tonnes per annum of ferro chrome and 250,000 tonnes per annum of chrome ore at its plant in Orissa. It has also established a mining complex at Bhadrak in Orissa for the mining of chrome ore, the main raw material for the production of ferro chrome. Stringent quality control for both raw materials and finished products is maintained.

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