-Facor Alloys Ltd has nominated Mr. R Sampath as new nominee on the
Board of Directors of the Company with effect from July 26, 2007.
- Facor Alloys Ltd has informed that Mr. Gautam Khaitan and Mr. A S
Kapre have been appointed as Additional Directors of the Company with
effect from October 27, 2007.
- The Board of Directors have approved payment of Interim Dividend
for the year 2008-09 on Equity Shares of Re 1/- each @ 15% (Rs 0.15
per equity share.).
- The Company has entered into long term contracts for one year with
Baosteel Resources Co. Ltd., China and Shandong Taishan Steel Group
Co. Ltd., China for supply of 2000 M.T. & 1000 M.T. High Carbon Ferro
Chrome per month respectively.
- The Company has acquired controlling interest in BEC Power Pvt.
Ltd. (BEC) by paying a total consideration of Rs. 15.99 crores.