Ferro Alloys Corporation

What Ferro Alloys Corporation does

FACOR is one of India's oldest producers of High Carbon Ferro Chrome and Charge Chrome, established in 1983 with its Charge Chrome Plant. It currently operates as a wholly-owned subsidiary of Vedanta Limited following Vedanta's acquisition in September 2020. The company runs a vertically integrated operation in the Sukinda Valley of Odisha, where approximately 93% of India's chromite resources are located, spanning chrome ore mining at 320 KTPA, ferrochrome smelting at 142–145 KTPA, and a 100 MW captive thermal power plant.

The company's product mix centers on High Carbon Ferro Chrome and Charge Chrome, both critical inputs for stainless steel manufacturing. Production is concentrated in two submerged electric arc furnaces rated at 45 MVA and 33 MVA (78 MVA total). The mining portfolio includes the Ostapal and Kalarangiatta open-pit mines, which are active, and the Kathpal underground mine, which is currently not operational. The captive power plant, commissioned in July 2011, supports energy cost control across the integrated value chain, and FACOR contributes approximately 8% of India's chrome ore production. Mine planning is conducted using GEOVIA Surpac, and the smelter runs computerized batching systems.

FACOR sells primarily to steel and stainless steel manufacturers through B2B contracts, supplying both domestic Indian and global markets. The business model is commodity-driven: revenue tracks ferrochrome and chrome ore market prices and volumes, with the captive power and mining integration functioning as a structural cost-control mechanism rather than a differentiated go-to-market strategy. The company operates with traditional industrial processes and has no disclosed proprietary technology or AI/ML capability.

Name

Ferro Alloys Corporation

Legal name

Ferro Alloys Corporation Ltd.

Website

https://facorgroup.in

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

101–250 employees

Short description

FACOR is a Vedanta subsidiary and one of India's oldest vertically integrated ferrochrome producers, operating 320 KTPA chrome ore mining, 142 KTPA ferrochrome smelting, and 100 MW captive power in Odisha's Sukinda Valley for steel and stainless steel manufacturers.

Ownership category

akta.pro rank

Product category

Ferro Alloys Manufacturing

NAICS

Iron and Steel Mills and Ferroalloy Manufacturing (3311)

SIC

Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) (3312), Primary Smelting & Refining Of Nonferrous Metals (3330)

akta.pro primary industry

Integrated Steelmaking (BF-BOF) (IMAKABAA)

akta.pro secondary industry

Circulating Fluidized Bed (CFB) Coal Power Plants (EUACAAAD)

Keywords

• Ferro chrome production
• Chrome ore mining
• Charge chrome smelting
• Captive thermal power
• Stainless steel inputs

Headquarters

HQ city

Noida

HQ country

India

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Technology or R&D, Personnel, Marketing or Sales

Revenue model

1. High Carbon Ferro Chrome / Charge Chrome Sales: FACOR's primary revenue stream from producing and selling High Carbon Ferro Chrome/Charge Chrome to steel and stainless steel manufacturers domestically and internationally. The product is an essential ingredient in steel production, used for chromium supplementation, anti-corrosion properties in stainless steel, and in ball-bearing and tool steels.
2. Chrome Ore Mining: FACOR operates chrome ore mines (Ostapal, Kalarangiatta in Jajpur district; Kathpal in Dhenkanal district) producing 320 KTPA of chrome ore. Mining operations feed the captive Charge Chrome Plant while also contributing to India's chrome ore production (FACOR contributes 8% of Indian output).
3. Captive Power Generation: The 100 MW coal-based thermal captive power plant (CPP) generates electricity to power the Charge Chrome Plant operations. It operates as a captive power facility supplying power to the group's ferrochrome smelting operations.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

FACOR produces and sells High Carbon Ferro Chrome / Charge Chrome (142 KTPA) using Submerged Electric Arc Furnace technology, supported by captive chrome ore mining operations (320 KTPA across three mines in Odisha) and a 100 MW coal-based captive thermal power plant. The product is an essential ingredient for steel and stainless steel manufacturing, providing chromium supplementation, anti-corrosion properties, and used in ball-bearing, tool, and alloy steels.

Product overview

Ferro Alloys Corporation Limited (FACOR) operates as an integrated ferroalloys producer with three interconnected business units: Chrome Ore Mining operations supplying raw chromite ore from three mines in Odisha with 320 KTPA capacity; a Charge Chrome Plant (CCP) manufacturing High Carbon Ferro Chrome/Charge Chrome using Submerged Electric Arc Furnace technology with 142 KTPA production capacity; and a 100 MW Captive Power Plant supplying thermal energy to the smelting operations. The company also produces Chrome Briquettes as an intermediate product for internal use in the furnace. FACOR became part of Vedanta's business in September 2020.

Differentiator

Problem solved

Functional benefit

Products and services

• High Carbon Ferro Chrome / Charge Chrome Primary product produced in Submerged Electric Arc Furnace with 2 furnaces (45 MVA and 33 MVA) having combined annual capacity of 142 KTPA. Used as chromium supplement in steel making for ball-bearing steels, tool steels, alloy steels, and stainless steel manufacturing. Sold to steel and stainless steel manufacturers domestically and internationally.
• Chrome Ore Mining Mining operations for chromite ore extraction with 3 mines (Ostapal, Kalarangiatta, Kathpal) in Jajpur and Dhenkanal districts of Odisha. Combined annual capacity of 320 KTPA chrome ore production. FACOR contributes approximately 8% of India's total chrome ore production.
• Captive Power Generation (100 MW) Coal-based thermal Captive Power Plant (CPP) with 100 MW capacity (2x50 MW units) using Circulating Fluidized Bed Combustion (CFBC) boiler technology. Supplies power to the Charge Chrome Plant operations.

Quantifiable outcome

• Contributes ~8% of India's chrome ore production
• +1 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators5 records

Recent moves4 records

Expansion highlights2 records

Direct peers

• Glencore-Merafe (Merafe Resources): Glencore's ferrochrome joint venture with Merafe is the world's largest ferrochrome producer (over 2 MTPA capacity in South Africa). Directly comparable to FACOR in producing High Carbon Ferro Chrome/Charge Chrome for stainless steel customers, but at materially larger scale.
• Eurasian Resources Group (Kazchrome): Kazchrome, operated by Eurasian Resources Group, is one of the largest integrated ferrochrome producers globally, with mining, beneficiation, and smelting assets in Kazakhstan. Directly comparable in product mix and integrated ferrochrome business model.
• Indian Metals & Ferro Alloys (IMFA): IMFA is India's largest integrated ferrochrome producer with captive chrome ore mining and captive power, headquartered in Odisha. Same product (HC FeCr), same customer base (steel/stainless steel), same vertical integration model (mining + smelting + power) as FACOR.
• Nava Bharat Ventures: Nava Bharat Ventures operates a ferroalloy business producing High Carbon Ferro Chrome and other ferroalloys in India, with power generation. A direct competitor to FACOR in the Indian ferrochrome market.
• Samancor Chrome: Samancor is one of the world's largest integrated ferrochrome producers, operating mines and smelters in South Africa. A direct competitor in the global high carbon ferrochrome market with similar product offering and customer base.
• Balasore Alloys (Vedanta subsidiary): Balasore Alloys is an Indian ferrochrome producer and is also part of the Vedanta Group, making it a sister subsidiary to FACOR. Directly comparable in producing High Carbon Ferro Chrome for stainless steel manufacturers in India.
• Yıldırım Group (Yilmaden): Yıldırım Group's Yilmaden division is a major global ferrochrome producer operating integrated mines and smelters in Turkey and other geographies. Directly comparable in producing High Carbon Ferro Chrome for global stainless steel customers.
• Visa Steel (Visa Bao): Visa Steel is an Indian ferrochrome producer with integrated operations including chrome ore mining and ferrochrome smelting. A direct domestic competitor in the Indian HC FeCr market.

Broad incumbents

• Tata Steel Limited: Tata Steel is India's largest integrated steel producer and has captive ferrochrome operations as part of its broader steelmaking portfolio. Comparable as a downstream consumer of ferrochrome inputs and an operator of captive smelting.
• Jindal Stainless Limited: Jindal Stainless is India's largest stainless steel manufacturer with partial backward integration into ferrochrome production. Comparable as a major consumer-processor of ferrochrome and a competitor in Indian chrome ore sourcing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ferro Alloys Corporation