Facor Alloys has executed an Asset Transfer Agreement on August 2, 2025 with Rawmat Mining and Minerals, a partnership firm, for the sale of assets of the company situated at the company’s premises in Shreeramnagar, District Vizianagaram, Andhra Pradesh, for meeting pressing and unavoidable liabilities. The expected date of completion of sale/disposal is one year from the date of awarding the contract. Consideration received from such sale/disposal is Rs 47.15 crore.
Facor Alloys engages in ferro alloys business. The company produces high carbon ferro chrome. The group's principal activity is the manufacture and selling of ferro chrome and their products are used as one of the raw materials in the production of stainless steel.
