Garividi ferro alloys plant privatised

Dasari
Telugu Teja
Posts: 344
Joined: October 17th, 2004, 9:02 am

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

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

1948–1956:
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.



1956:
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.


2004:

FACOR is trifurcated to three Public Limited Companies

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

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VyricharlaRahulKumarDeo
Telugu Teja
Posts: 396
Joined: October 27th, 2004, 10:49 am
Location: Gunupur, Rayagada district, Orissa

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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