Facor Alloys has shut down its operations at plant with the effect from February 4, 2014. On going agitation of lorry loading workers since February last year has resulted in short supply of raw materials to the plant. Further, bilateral discussions were going on between the management and batch leaders but the dispute is not yet resolved. As a result plant operations are badly hit due to acute shortage of raw material.
Due to disruption of further supplies of raw materials to the plant, the existing raw material stocks available in the plant have exhausted and the operations at the plant have been put to a complete halt, since night shift of January 10, 2014.
Facor Alloys engages in ferro alloys business. It produces high carbon ferro chrome. Its principal activity is the manufacture and selling of ferro chrome.
Company Name | CMP |
---|---|
Maithan Alloys | 1265.45 |
Indian Metal & Ferro | 723.75 |
Facor Alloys | 7.74 |
Shyam Century | 18.85 |
Indsil Hydro Power | 52.20 |
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