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Vedanta is in initial process for acquisition of Ferro Alloys Corporation (FACOR), pursuant to the order of National Company Law Tribunal Cuttack. The consideration payable for the acquisition of FACOR on debt and cash free basis under the approved Resolution Plan is Rs 10 crore as well as equivalent of cash balance in FACOR’s subsidiary, FACOR Power (FPL) as Upfront Payment and zero coupon, secured and unlisted Non-Convertible Debentures of aggregate face value of Rs 270 crore to the Financial Creditors payable equally over 4 years commencing March 2021.

FACOR is a company in the business of producing Ferro Alloys and owns a Ferro Chrome plant with capacity of 72,000 TPA, two operational Chrome mines and 100 MW of Captive Power Plant through its subsidiary, FPL.

Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.

Vedanta Share Price

721.10 -14.50 (-1.97%)
24-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindalco 1048.20
Vedanta 721.10
Hindustan Zinc 588.85
Jain Resource Recycl 410.45
Gravita India 1567.85
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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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