Facor Alloys has reported results for third quarter ended December 31, 2011.
The company has posted a fall of 98.81% in its net profit at Rs 0.08 crore for the quarter ended December 31, 2011 as compared to Rs 6.72 crore for the same quarter in the previous year. Total income has decreased by 16.65% at Rs 84.50 crore for the quarter under review as compared to Rs 101.38 crore year ago.
Facor Alloys engages in ferro alloys business. It produces high carbon ferro chrome. The company is headquartered in Tumsar, India. The group's principal activity is the manufacture and selling of ferro chrome. It operates through its only one subsidiary, namely, Best Minerals Limited. The group is used as one of the raw materials in the production of stainless steel. The group's plant is located at Vizianagaram District of Andhra Pradesh.
