February 2008Steelworld 34××

Founded in 1955 by Late Shri producer of quality products. Measures are being taken for setting up a Durgaprasad Saraf, the Ferro Plans for tomorrow 500,000 million tonne greenfield stainless Alloys Corporation Limited FACOR has initiated an ambitious plan for steel plant, a 250 MW coal based power

(FACOR) today is one of India’s largest setting up a captive 45 MW Coal based plant and a 45 MW coal based captive producers and exporters of Ferro Alloys, Power Plant adjacent to its charge chrome power plant for a capital outlay of Rs.2750 an essential ingredient for the manufacture plant through a 100% subsidiary Facor crores. The captive 45 MW power plant of steel and stainless steel. The group that Power Ltd. to ensure uninterrupted power has achieved financial closure and M/s started its journey with a Ferro manganese supply to its plant at lower price. FACOR Fichtner Consulting Engineers (India) plant in Shreeramnagar, Andhra Pradesh, has also applied for a Coal Block in Orissa Private Ltd. has been appointed as our to produce Ferro manganese and other for setting up a 250 MW coal based consultants for the project. They hope to Ferro alloys has come a long way. The thermal power plant. To forward integrate commence production by September, FACOR group has an annual production of the present Ferro chrome production, 2009. The captive power plant would help 1, 40,000 tons. The group has its chrome FACOR is also planning to set up a 5, them improve their bottom line. ore mines at Boula, Kathpal and Osthapal 00,000 TPA stainless steel plant. The total FACOR has been accredited with ISO in Orissa. The group has production capital outlay for the expansion would be 9001:2000 standard, which coupled with facilities in the states of Andhra Pradesh, around Rs. 2,500 crore. other control measures adopted by the Maharashtra and Orissa. Today, FACOR group stands synonymous Company, enables it to maintain its world Giant strides to a name, which employs experience, class status as a producer of quality In its journey to this date, FACOR has resources and technical know-how not products. Stringent quality control for expanded its activities manifold. Post only in technology but in quality as well. both raw materials and finished products is trifurcation of the Facor group into 3 The group today has a business level of maintained across all its units. independent entities in 2004 under a de- approximately Rs.1000 crores. The group is the process of commissioning merger scheme, the FACOR has the FACOR posted astounding results and a 45 MW captive coal based power plant capacity to produce 65,000 MT p.a. of unveiled a new identity in 2008. Net Profit adjacent to its charge chrome plant charge chrome / Ferro chrome at its plant was up by 270%; Profit before Tax up by through a 100% subsidiary FACOR Power in Orissa. It has also established a mining 219%. It recently unveiled a new Ltd. to ensure uninterrupted power supply complex at Bhadrak in Orissa for the corporate logo at the sidelines of the to its Plant. FACOR has also applied for a mining of chrome ore, main raw material group’s quarterly results. Ferro Alloys coal block in Orissa for setting up a 250 for the production of charge chrome/ Ferro Corporation Limited, the Flagship MW coal based thermal power plant. chrome. It exports to several countries Company of the FACOR Group also Giving back to societylike Korea, Japan, Italy, Netherlands, announced an interim dividend of 15% to Its researches have won many laurels. To USA, Turkey, China and Taiwan. its shareholders. cite a few examples, its Ferro Silicon Stringent quality control for both raw Unaudited Financial Summary Magnesium got wide acceptance in the materials and finished products is f o u n d r y maintained. FACOR has been accredited industry saving with ISO 9001:2000 standard, which v a l u a b l e coupled with other control measures f o r e i g n adopted by the company, enables it to exchange. The maintain its world wide status as a company also

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Particulars Q3FY 07-08 FY 06-07 % Change

Turnover 249.49 215.94 15.53%Profit Before Tax 36.67 11.50 218.87%Net Profit 31.41 8.47 270.40%

to a great futureLooking Looking Facor

February 2008Steelworld 35××

Feature

developed know-how for the production medical facilities, family planning, social Andhra Pradesh and at D.P.Nagar, in of charge chrome by using briquettes of and economical upliftment of the poor and Orissa, establishment of Women Welfare beneficiated low grade chrome ores as weaker sections with special attention to the Centre which runs school for the main raw materials which were being women, children and handicapped persons. challenged children. Further the company discarded as waste earlier. Important social welfare activities of the has been organizing from time to time eye In discharge of its social obligations has company include adoption of two villages camps, blood donation camps, heart been undertaking several social welfare in Andhra Pradesh, establishment of 55 disease check-up camps and Family projects. Special attention is given to bed Eye Hospital, establishment of Planning programmes. eradication of illiteracy, provision of educational complex at Shreeramnagar,

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