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Metkore Alloys & Industries incorporates WOS in Oman

11 Jun 2012 Evaluate

Metkore Alloys & Industries has incorporated a wholly owned subsidiary (WOS) of the company at Oman under the name and style of ‘Metkore Alloys Overseas LLC (FZC). The incorporated subsidiary will be setting up a 108 MVA Ferro Chrome Plant at a cost of $80 million.

Besides, the company has executed a land lease agreement with Sohar Free Zone L.L.C. on June 09, 2012.

Metkore Alloys & Industries (formerly Cronimet Alloys India) is engaged in the manufacture of high carbon ferro-chrome for use in the stainless steel industry. The company’s plant has an installed capacity of 25,000 MT with one 6 MVA and one 9 MVA furnace. It manufactures two standard grades of ferro chrome i.e. high silicon and low silicon.

Peers
Company Name CMP
JSW Steel 1255.00
Tata Steel 184.65
Steel Authority 181.60
Jindal Stainless 746.95
APL Apollo Tubes 2181.05
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