Facor Alloys engages in ferro alloys business. It produces high carbon ferro chrome. The company is headquartered in Tumsar, India. The group's principal activity is the manufacture and selling of ferro chrome. It operates through its only one subsidiary, namely, Best Minerals Limited. The group is used as one of the raw materials in the production of stainless steel. The group's plant is located at Vizianagaram District of Andhra Pradesh.
1948-1956 - Late Rai Bahadur Durgaprasadji Saraf formed a company called RB Shreeram & Company (RBS & Co.) in the name of his father, Seth Shreeramji, with its head quarters in Tumsar in the State of Maharashtra. RBS & Co. becomes India's first pioneer miners of manganese ore with its mining activities in Andhra Pradesh in a village called Garividi which was later renamed as Shreeram Nagar. RBS expands activities to mining of iron ore in Goa.
1956 - March 13, 1956, Ferro Alloys Corporation Limited (FACOR) is formed and India's first modernised 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 starts mining of chrome ore.
1978 - FACOR promotes Vidharba Iron & Steel Company (VISCO) in Nagpur to produce specialty steel products.
1981 - FACOR sets up India's first 16 MVA totally indigenous plant in Shreeram Nagar.
1983 - Asia's first and largest single 45 MVA furnace set up at the company's Charge Chrome plant in Orissa. The plant was inaugurated by the then President of India, Shri Zail Singh, in a new township called DP Nagar.
1987 - FACOR diversifies into chemicals and sets up Indian maize and chemicals.
1989 - FACOR installs 50 MW diesel power plant, the first of its kind on land with five 10 MW DG sets supplied by MAN B&W, Germany.
2004 - FACOR is trifurcated to three public limited companies as Ferro Alloys Corporation Limited, FACOR Alloys Limited and FACOR Steel Limited.
2005 - Facor Power Limited incorporated to undertake business of generation of electricity.
2007 - Facor Realty and Infrastructure incorporated for foray in real estate business.
2011 - The Company acquired controlling interest in BEC Power Pvt. Ltd. (BEC) by paying a total consideration of Rs. 15.99 crores.