Ferro Alloys Corporation Limited (FACOR) incorporated in 1955 is one of the India’s largest producers and exporters of Ferro Alloys, an essential ingredient for manufacture of Steel and Stainless Steel. It exports to several countries like Korea, Japan, Italy, Netherlands, USA, Turkey, China and Taiwan.
Facor Group that started its journey in 1956 from a Ferro Manganese plant at Shreeramnagar in Andhra Pradesh has come a long way. Today, FACOR stands synonymous to a name, which employs experience, resources and technical know-how, not only in technology but in quality as well.
Post trifurcation of the Facor group into 3 independent entities in 2004 under a demerger scheme, the FACOR has the capacity to produce 65,000 MT p.a. of Charge Chrome / Ferro Chrome at its Plant in Orissa. It has also established a mining complex at Bhadrak in Orissa for the mining of Chrome Ore, main raw material for the production of Charge Chrome/ Ferro Chrome. Stringent quality control for both raw materials and finished products is maintained. FACOR has been accredited with ISO 9001:2000 standard, which coupled with other control measures adopted by the Company, enables it to maintain its world wide status as a producer of quality products.
Alongwith strengthening its industrial activities, which include marketing, production and technology development, FACOR continuously strives towards creating new products of high technology. Known for its positive attitude, every FACOR venture is a milestone in itself.
The group plans to expand in the power sector and to capitalize on the opportunities in this sector, it has lined up major power ventures. FACOR Group is in the process of completing the commissioning of the first phase of its 100 MW Captive Plant involving a total capital outlay of Rs.570 crores being put up adjacent to its Charge Chrome Plant through its subsidiary viz. Facor Power Limited, thus ensuring uninterrupted supply of power to its plant. The plant is likely to go onstream by 31st March, 2011. Taking this dream forward, FACOR Group is also in the process of setting up a 300 MW Thermal Power Project in the State of Orissa, a 45 MW Thermal Power plant in Garividi and a 30 MW Solar Park in the State of Rajasthan.
The Draft Project Reports for the above power projects have been prepared and the group has applied to Financial Institutions/Banks for obtaining financial closure for the projects.
Further, the Group is also considering acquisition of existing coal mines in Indonesia to ensure continuous supply of quality coal to all its Thermal Power Plants.