Breaking News

You are here » Indian-Commodity  :  Top News  :  Facor Alloys enters into conversion pact with Tata Steel

24-Nov2016

Facor Alloys enters into conversion pact with Tata Steel

Facor Alloys has entered into a conversion agreement with Tata Steel (TSL) for conversion of Chrome Ore & Met Coke into Ferro Chrome and the arrangement has commenced effective from November 15, 2016.

Further, the cited agreement, which shall remain in force up to March 31, 2020 postulates that about 50% of the smelting capacity of the plant is dedicated to TSL conversion.

Facor Alloys engages in ferro alloys business. It produces high carbon ferro chrome. The group's principal activity is the manufacture and selling of ferro chrome. It operates through its only one subsidiary, namely, Best Minerals.


Related News

View all news

Crude oil futures end lower on Monday

Crude oil futures ended lower on Monday as steep declines in the US stock market fed an aversion to so-called riskier assets, which include oil. Meanwhile, the US-China trade dispute escalated as China......

Gold futures trade flat on Monday

Gold futures was trading flat on Monday as growing uncertainty over whether the United States and China will be able to reach a deal to end their escalating trade war fueled safe-haven demand for the precious......

Jeera futures trade higher on rising demand

Jeera futures traded higher on NCDEX on the back of rising physical and export demand at the spot market. However, higher availability of crop this season, capped some gains.The contract for May delivery......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......