This Company belongs to FACOR Group owned by Saraf Family. Ferro Alloys Corporation Ltd (FACOR) was established in the year 1956 for production of ferromanganese at Garividi Andhra Pradesh and diversified to production of ferro chrome and charge chrome at Randia Orissa.
As a major step towards forward integration, FACOR took over the mini-steel plant located at Nagpur in the year 1978 for manufacture of Carbon, Alloy, Stainless and other special steels as FACOR Steel Division. Thereafter, through innovative and sophisticated technological developments, has been able to develop and manufacture critical grades of alloy and stainless steel to meet stringent requirements of customers both in India and abroad. It is now a leading alloy steel producer in the country and has been successful in exporting special stainless steel products all over the world with a focus on developed countries, apart from catering to critical requirements of Automobile, Railways, Defence, Chemical, Heavy Machinery and Engineering sectors in the domestic market. The erstwhile FACOR (Steel Division) is now an independent company known as FACOR STEELS LIMITED, part of FACOR Group of Companies..