Garividi ferro alloys plant privatised

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Postby Dasari » May 17th, 2005, 1:01 pm

Well, this is what I found about the history of Ferro Alloys Corp Ltd, at Garividi.

Late Rai Bahadur Durgaprasadji Saraf forms a company called R.B. Shreeram & Co. Pvt. Ltd. in the name of his father Seth Shreeramji with its Head Quarters in Tumsar in the State of Maharashtra.

R.B. S. & Co. becomes India’s first pioneer miners of manganese ore with its mining activities in Andhra Pradesh in a village called Garividi which was renamed Shreeram Nagar.

13th March 1956, FACOR is formed and India’s first modernized Ferro Manganese Plant had been 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.


FACOR is trifurcated to three Public Limited Companies

* Ferro Alloys Corporation Ltd.
* FACOR Alloys Ltd.
* FACOR Steel Ltd.

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Postby VyricharlaRahulKumarDeo » May 17th, 2005, 1:09 pm

Some time back i saw that factory closed. I did not see reopening any closed public sector factory without privatisation.

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