FACOR Alloys Ltd executes conversion agreement with Tata Steel Ltd

FACOR Alloys Ltd has entered into a conversion agreement with M/s Tata Steel Ltd. for conversion of Chrome Ore into Feno Chrome, w.e.f. 28th November, 2020.

Post-execution of the above arrangement with M/s Tata Steel Ltd., the company's plant will be operational now at its 100% capacity.

Shares of FACOR ALLOYS LTD. was last trading in BSE at Rs.1.53 as compared to the previous close of Rs. 1.61. The total number of shares traded during the day was 159131 in over 99 trades.

The stock hit an intraday high of Rs. 1.63 and intraday low of 1.45. The net turnover during the day was Rs. 242035.

Shares of TATA STEEL LTD. was last trading in BSE at Rs.577.85 as compared to the previous close of Rs. 568.9. The total number of shares traded during the day was 1221223 in over 18552 trades.

The stock hit an intraday high of Rs. 582 and intraday low of 563.1. The net turnover during the day was Rs. 700755207.

Source : Equity Bulls

Keywords

FacorAlloys ConversionAgreement TataSteel