Facor Alloys Ltd updates on conversion agreement

Facor Alloys Ltd had entered into a conversion agreement initially with M/s Abhijeet Ferrotech Ltd. dated 25th August, 2020 for the contract period starting from 01.09.2020 upto 30.04.2025 for conversion of Manganese Ores and Fe-Mn Slag into Ferro Manganese and Silico Manganese, which was further renounced to M/s Rajadhiraj Timpani Vinayak Natraj Private Ltd dated 1st August, 2021 for the remaining contract period.

Shares of FACOR ALLOYS LTD. was last trading in BSE at Rs. 8.12 as compared to the previous close of Rs. 7.74. The total number of shares traded during the day was 472872 in over 415 trades.

The stock hit an intraday high of Rs. 8.12 and intraday low of 7.41. The net turnover during the day was Rs. 3801349.00.

Source : Equity Bulls

Keywords

FACORALLOYS INE828G01013 ConversionAgreement ConversionofManganeseOre FerroManganese SilicoManganese