Ferro Alloys Corporation Limited Overview
Company Headquarters: Odisha, India
Founded: 1983
Workforce: ~NA
Company Working: Ferro Alloys Corporation Limited (FACOR) is a well-known manufacturer of High Carbon Ferro Chrome or Charge Chrome. In Bhadrak, Odisha, FACOR has the potential to produce 81.3 KTPA of Charge Chrome / Ferro Chrome and a 100 MW Power Plant. It has also developed a mining complex in Odisha's Jajpur and Dhenkanal districts to extract Chrome Ore, with an annual capacity of 250 KTPA. In September 2020, Vedanta acquired Ferro Alloys Corporation Limited (FACOR). Its high carbon Ferro Chrome is used to make ball-bearing steels, tool steels, and other alloy steels. Its products are a key element in producing stainless steel and are used to add anti-corrosion qualities. Its major customers include POSCO, SAIL, Mortex, Rimjhim Ispat Ltd., and others.
Strategy
Ferroalloy Corporation Limited employs organic growth strategies and focuses on using high-class technologies and developing innovative products and services to serve its customers with the most advanced solutions. It invests significantly in its R&D facilities. It is committed to delivering satisfaction, quality products, and reliable services to the customers through its well-defined quality policy, which ensures continual improvement, R&D, resource management, and periodic review of the quality objectives.
