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 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.

Products:

• High Carbon Ferro Chrome
• Charge Chrome

Group Companies:

• Facor Realty and Infrastructure
• Facor Power
• Facor Alloys
• Facor Steel

Milestones:

• 1956 - Ferro Alloys Corporation (FACOR) formed and India's first modernized Ferro Manganese Plant set up and commissioned in Shreeram Nagar.
• 1968 - FACOR expands and sets up a Ferro Chrome Plant. FACOR expands in Orissa simultaneously and start mining Chrome Ore.
• 1978 - FACOR promotes Vidharba Iron & Steel (VISCO) in Nagpur to produce Specialty Steel Products.
• 1981 - FACOR sets up India's first 16 MVA totally indigenous plant in Shreeram Nagar.
• 1983 - Asia's first and largest single 45 MVA furnance set up at the company's Charge Chrome Plant in Orissa.
• 1987 - FACOR diversifies into chemicals and sets up Indian Maize and Chemicals.
• 1989 - FACOR installs 50 MW diesel power plant, the first of its kind on land with five 10 MW DG sets supplied by MAN B&W, Germany.
• 2004 - FACOR is trifurcated to three Public Limited Companies: a)Ferro Alloys,  Corporation, (b)  FACOR Alloys and (c) FACOR Steel.
• 2005 - Facor Power incorporated to undertake business of generation of electricity.
• 2007 - Facor Realty And Infrastructure incorporated for foray in Real Estate Business.

Future plan:

The company plans to:

• Increase export duly on chrome ore to Rs 5,000 per ton from the present Rs 2,000.
• Allocate for better evaluation of mineral reserves and stepping up research and development activities.
• Provide special status for the ferro alloy industry with priority for raw material movement.