The 5-year analysis of Ferro Alloys Corporation Ltd's performance infers:
We analysed the performance of Ferro Alloys Corporation Ltd share prices over the last 10 years. Here is what we found out:
Ferro Alloys Corporation, popularly known as FACOR Group, was founded by Shri Durgaprasadji Saraf in 1956. Today it is one of the 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.
The group that started its journey with a Ferro Manganese Plant in Shreeramnagar, Andhra
The group that started its journey with a Ferro Manganese Plant in Shreeramnagar, Andhra Pradesh to produce Ferro Manganese, diversified into various types of Ferro Alloys. Further, it established a large Chrome Ore mining complex at Bhadrak in Orissa followed by the first Charge Chrome plant. FACOR also diversified into alloys and steel production in Nagpur, Maharashtra.
It exports to several countries like Korea, Japan, Italy, Netherlands, USA, Turkey, China and Taiwan. Today, FACOR stands synonymous to a name, which employs experience, resources and technical know-how, not only in technology but in quality as well.
Post trifurcation of the Facor group into 3 independent entities in 2004 under a demerger scheme, FACOR has the capacity to produce 65,000 TPA of Charge Chrome / Ferro Chrome and 2,50,000 TPA of Chrome Ore at its plant in Orissa.
It has also established a mining complex at Bhadrak in Orissa for the mining of Chrome Ore, the main raw material for the production of Charge Chrome/ Ferro Chrome. Stringent quality control for both raw materials and finished products is maintained.
FACOR has been accredited with ISO 9001:2000 standard, which coupled with other control measures adopted by the company, enables it to maintain its world wide status as a producer of quality products.
Along with strengthening its industrial activities, which include marketing, production and technology development, FACOR continuously strives towards creating new products of high technology.
The company plans to: