Garividi ferro alloys plant privatised

Dasari · Telugu Teja Joined: 17 Oct 2004 Posts: 344

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.

VyricharlaRahulKumarDeo · Posted: Tue May 17, 2005 1:09 pm Post subject:

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