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Ferro Alloys Corporation suspends operations at two mines

06 Jun 2019 Evaluate

Ferro Alloys Corporation has suspended the mining work at the company’s Ostapal Chromite Mines and Kalarangiatta Chromite mines due to additional payment sought by the contractor beyond the terms of the contract. Alternative arrangements are being made to resume the work at the earliest. The company has adequate ore to ensure continued production of Ferro-Chrome for the present.

Ferro Alloys Corporation is one of India's largest and most established producers and exporters of High Carbon Ferro Chrome/Charge Chrome worldwide, an essential ingredient for the manufacture of steel and stainless steel.

Ferro Alloys Corp. Share Price

0.92 0.00 (0.00%)
06-Mar-2020 18:01 View Price Chart
Peers
Company Name CMP
Indian Metal & Ferro 1566.85
Maithan Alloys 1036.10
Nava 704.50
Indsil Hydro Power 41.30
Shyam Century 5.61
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