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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.

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