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Facor Alloys enters into Conversion Agreement

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Capital Market

With Tata Steel

Facor Alloys has entered into Conversion Agreement with Tata Steel for conversion of Chrome Ore & Met Coke into Ferrous Chrome and the arrangement has commenced w.e.f. 15th November 2016.

The agreement will remain in force until 31st March 2020 with 50% of the smelting capacity of the plant is dedicated to TSL conversion.

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First Published: Nov 24 2016 | 12:04 PM IST

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