- Business
- Facor Alloys Limited (FACORALL.BO) manufactures and sells ferroalloys in India and internationally; its core products include ferro-manganese, silico-manganese, ferro-silicon, ferro-chrome, high carbon ferro chrome and charge chrome. The company serves the steel and stainless steel industries as an essential ingredient supplier, with production facilities including a steel plant in Nagpur producing carbon steel, manganese steel, alloy steel and stainless steel; it exports to markets including Korea, Japan, Italy, Netherlands, USA, Turkey, China and Taiwan. Incorporated in 1955 and headquartered in Noida, India, with operations in Andhra Pradesh and Odisha, Facor Alloys maintains a workforce of approximately 353 employees across its ferroalloys and specialty steel segments. In recent developments, the company underwent board changes including the appointment of Ashish Santosh Agrawal as whole-time director effective May 30, 2024, and Ms. Vinita Bahri as independent director effective August 14, 2024; it also approved cost auditor remuneration and financial statements re-adoption for FY 2022-23 at its 21st AGM in September 2024. Note that Ferro Alloys Corporation Limited (FACOR), a related but distinct entity under separate ownership including a May 2025 acquisition by the Joshi family, operates a charge chrome plant and 100 MW power facility in Bhadrak, Odisha, as part of the broader FACOR Group legacy originating in 1955.