UpdateBot at 21:46, 29 December 2021

2021-12-29T21:46:05Z

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{{Use dmy dates|date=April 2017}}
{{Use Indian English|date=April 2017}}
{{infobox company
| name = The Ferro Alloys Corporation Limited
| logo = Facorlogo.jpg
| caption =
| type = [[Public company|Public]] ({{BSE|532657}}
{{NSE|FERROALLOY}})
| industry = Ferros metal
| fate =
| predecessor =
| successor =
| foundation = 1956 <ref>{{Cite web|url=http://www.facorgroup.in/profile.asp|title=::.FACOR.::Ferro Alloys Corporation Ltd}}</ref>
| founder = Sreeman Seth Durgaprasadji Saraf <ref>Sreeman Seth Durgaprasadji Saraf</ref>
| defunct =
| location_city = [[Nagpur, Maharashtra]]<ref>{{cite web |url=http://www.facorsteel.com/contactus.php?page=13 |title=Facor Steel Ltd,Nagpur |publisher=Facorsteel.com |accessdate=2010-12-08 |url-status=dead |archiveurl=https://web.archive.org/web/20101016095019/http://www.facorsteel.com/contactus.php?page=13 |archivedate=16 October 2010 }}</ref>
| location_country = [[India]]
| location =
| locations =
| area_served = South Asia-China, Japan, Korea, Indonesia & Taiwan, Europe- Netherlands, Germany, Italy, United States and Canada <ref>{{Cite web|url=http://www.facorgroup.in/reach.asp|title = ::.FACOR.::Ferro Alloys Corporation Ltd}}</ref>
| key_people = Mr. R K Saraf, Director & [[Managing Director|MD]]<ref>{{cite web|url=http://economictimes.indiatimes.com/ferro-alloys-corporation-ltd/infocompanyhistory/companyid-13792.cms |title=FERROALL History | Ferro Alloys Corporation Ltd Company History & Profile |publisher=Economictimes.indiatimes.com|date= |accessdate=2010-12-08}}</ref>
}}

[[File:Facor.jpg|thumb|300px|FACOR, Sriramnagar]]
'''The Ferro Alloys Corporation Limited''' (FACOR) was floated in 1955 by the house of Sarafs and Mors to become the first major producer of [[ferromanganese]] in [[India]].

The year 1956, marked the beginning of the Ferro Alloys Corporation Limited at [[Sriramnagar, Vizianagaram|Sriramnagar]], [[Garividi]], [[Vizianagaram district]], [[Andhra Pradesh]]. The founder was Seth Shriman Durgaprasadji Saraf (1911–1988). The registered office is at [[Tumsar]], [[Bhandara district]], [[Maharashtra]].<ref>{{cite web |url=http://www.facorsteel.com/aboutus.php?page=2 |title=Facor Steel Ltd,Nagpur |publisher=Facorsteel.com |accessdate=2010-12-08 |url-status=dead |archiveurl=https://web.archive.org/web/20101016100029/http://www.facorsteel.com/aboutus.php?page=2 |archivedate=16 October 2010 }}</ref>

[[Ferroalloy]]s are used as deoxidizers and alloy additives in the [[steel]] manufacturing process.

The ferromanganese plant started production in 1957, equipped with three [[Industrial furnace|furnace]]s for production of high carbon ferromanganese and [[ferrosilicon]]. In 1969, a reduction furnace and a slag furnace were commissioned for the production of [[ferrochrome]]. The company independently, set up a 16 MVA furnace in 1981.

FACOR acquired a small steel plant at [[Nagpur]] in [[Maharashtra]]. In 1979, FACOR developed the technology to produce [[ferrochrome|charge chrome]] in their own [[Research and development|R&D]] wing. They have established a charge chrome plant at D.P.Nagar, Randia in [[Bhadrak district]] of [[Odisha, India|Odisha]] in 1983. It is a 100% Export Oriented Project with a production capacity of 50,000 tons per annum. FACOR signed an agreement with [[Marc Rich and Co. AG]] [[Switzerland]], as the sole selling agent of their entire charge chrome output for 10 years.<ref>{{cite news|url=http://www.business-standard.com/india/news/arcelormittal-eyes-stake-in-ferro-alloys-corp/392465/ |title=ArcelorMittal eyes stake in Ferro Alloys Corp |newspaper=Business Standard India |publisher=Business-standard.com |date=2010-04-20 |accessdate=2010-12-08|last1=Kumar |first1=Abhineet }}</ref>

The plants at Sriramnagar have facilities for raw material handling, metal, and slag casting, crushing, sizing and other ancillaries apart from furnaces for the smelting of ferroalloys. The raw materials are manganese ore, [[chromite]] and [[quartzite]] ores with principal elements of [[manganese]], [[chromium]] and [[silicon]] respectively. They are obtained from the [[Andhra Pradesh]], [[Odisha, India|Odisha]], [[Madhya Pradesh]] and [[Bihar]] states. The Ferro Alloys produced are High Carbon Ferro Chrome, Low Carbon Ferro Chrome, [[Silicochrome]], [[Silicomanganese]], and [[Magnesium Ferrosilicon]], [[Ferromanganese]] etc., These alloys are tapped from electric arc furnaces in the molten state. They are prepared to the required size from 25  mm to 150  mm and transported to the various steel companies. The furnaces are connected to Two-stage venturi scrubber systems to maintain a clean environment in and around the production area.

FACOR has been accredited under [[ISO 9001:2000]].<ref>{{cite web |url=http://www.facorgroup.in/overview.html |title=::.FACOR.::Ferro Alloys Corporation Ltd |publisher=Facorgroup.in |date=2009-03-19 |accessdate=2010-12-17 |url-status=dead |archiveurl=https://web.archive.org/web/20101112015531/http://www.facorgroup.in/overview.html |archivedate=12 November 2010 }}</ref>

The existing manpower at Sriramnagar is about 784 regular employees with 107 supervisory personnel, besides 1070 contract workmen.

In 2003, the charge chrome division along with the mining division in Odisha has been demerged as FACOR STEELS Ltd and the Ferro Alloys division at Garividi as FACOR ALLOYS Ltd.

==References==
{{reflist}}

{{Steel industry of India}}

{{coord missing|Maharashtra}}

[[Category:Buildings and structures in Vizianagaram district]]
[[Category:Bhandara district]]
[[Category:Companies based in Nagpur]]
[[Category:Manufacturing companies established in 1955]]
[[Category:Steel companies of India]]
[[Category:Indian companies established in 1955]]
[[Category:1955 establishments in Bombay State]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Ferro Alloys Corporation - Revision history

UpdateBot at 21:46, 29 December 2021