Facor Alloys Limited announced this is in continuation of the company’s earlier communication dated July 1, 2023 wherein it was informed to the BSE regarding the temporary shutdown of the manufacturing facilities at the Plant of the Company situated at SHREERAMNAGAR-535 101, Dist. Vizianagaram, (A.P.) with effect from July 15, 2023 till further notice, due to steep rise in the Power Tariff for Ferro Alloys industry by the DISCOM in the State of Andhra Pradesh (AP), resulting the unviable situation for running of Plant Operations in view of high input cost and negative margin at the prevailing market price. The matter was under persuasion with the Govt.

through Andhra Pradesh Ferro Alloys Producers Association (APFAPA) for considering favourable revision in the power tariff. The company further inform that, to the extent of information available with the Company, the aforesaid matter is under active consideration with the Govt. authorities and the Company is hopeful to get favorable decision for the same.

It is accordingly decided to withdraw the suspension of Plant operations as proposed earlier and the manufacturing facilities will be continuing in the usual course.