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Ferrochrome Ferrochrome
Operational Review

FERROCHROME

The year in brief

Ferro Alloys Corporation Limited (FACOR) has a strong footprint in the ferro alloys industry, with operations spanning ferro chrome production, chrome mining, and captive power generation. The company operates a 145 KTPA ferro chrome plant, two operative chrome mine, and a 100 MW captive power facility. With the proposed expansion projects with an integrated 1.5 MTPA UG Mines, 600 KTPA Concentrator Plant and 300 KTPA Smelter Plant, FACOR will be the largest Ferro Chrome Producer in India by FY 2027-28.

In FY 2025-26, FACOR delivered its highest-ever operational performance, with ore production reaching 371 kt, ferro chrome output increasing to 101 kt, and captive power generation rising to 531 MU.

ESG Update

Occupational Health and Safety

  • The theme “Safety a Way of Life” was inaugurated through a symbolic representation highlighting how safe behaviour enables continuous progress
  • Mass Health Check-up drive conducted at plant, 1,414 individuals, including employees, families, business partners to strengthen a healthier workplace
  • Two Onsite Emergency Mock Drill were successfully conducted at CCP and in Power Plant witnessed by regulatory authority and state-level mock drill organised on Chemical Disaster
  • Digital PPE matrix board displayed at site for visual demonstration of job-specific PPEs
  • 83% Injury Reduction from FY 2023-24. (FY 2023-24-65%, FY 2024-25-40%, FY 2025-26-11%)
  • Around 7,000 CRM reported (60% increase Y-o-Y) and independent review of CRM verification by Senior Leadership as part of the CEO initiative
  • Completed 100% Mechanical Machine Guarding for CCP and Power Plant

Environment

  • 13,215 saplings planted and distributed across plant and mines and nearby community villages
  • Phyto remediation pilot study conducted at both the mines in collaboration with the IMMT to reduce the Hexavalent Chromium level from the soil
  • Installation of automated Dry Fog system in ground hopper for Dust suppression
  • Reduced Ground Water Dependency by 20% by transitioning to Surface Water
  • Installation of dewatering plant at Ostapal Mines COB Plant with the capacity of 57,000 m3 of water saving annually
  • Increase in water recycling rate by installation of 33 MVA Metal Cooling Water Recirculation project ensuring recirculation of 34,000 m3 of water with significant reduction in freshwater intake

Production performance

ParticularsFY 2025-26FY 2024-25% Change
Ore Production (kt)37125049%
Ferrochrome Production (kt)1018321%
Ferrochrome Sales (kt)998418%
Power Generation (MU)53143821%

At Mining division, ROM production from Ostapal Mine was highest ever to the extent of 371 kt. CTO limit of Ostapal mines enhanced to 1,000 kt from 300 kt in record time. Production at the Kalarangiatta mine has been restarted in the month of November 2025. The EC and CTO has been extended from 50 kt to 150 kt within record-breaking timeline of 2 months.

At Charge Chrome Plant (CCP), we recorded Ferrochrome metal volume of 101 kt in FY 2025-26. We have recorded highest-ever monthly ferro chrome production of 10,729 MT in the month of March’26 and highest-ever monthly sales of 12,036 MT in December 2025.

At Power Plant, we recorded achieved highest-ever annual Power Generation of 531 MU in FY 2025-26.

Financial performance

(₹ crore, unless stated)

ParticularsFY 2025-26FY 2024-25% Change
Revenue1,09493018%
EBITDA19140-
EBITDA margin17%4%

Revenue for the year was ₹ 1,094 crore, 18% up Y-o-Y, driven primarily due to higher sales volume and increased power generation. EBITDA for the year was ₹ 191 crore, 375% up Y-o-Y, supported by recommencement of operations at the Kalarangiatta Mines, better operational performance, and increased production volume.

Awards & Accolades

  • International Safety Award 2025 British Safety Council
  • Odisha Best Employer Awards
  • Kalinga Environment Excellence National Award
  • CII Safety, Health and Environment Excellence Award
  • Kalinga Safety Excellence Award (GOLD CATEGORY)- Excellent Performance in Safety Front
  • Mineral Conservation Bandhu Award
  • Technology development in HR Award under the digital transformation in HR Category by HR Association India
  • Grow Care India HR Award 2025 for HR Digitalisation under HR Management
Projects Update

Expansion of Mines project of 1.5 MTPA

The Underground Mines expansion project of 1.5 MTPA has achieved 54% overall progress. Till Mar’26, over 1,676 metres of underground development has been completed. The project is on track to intersect the ore body by April 2026. Batching Plant has been commissioned and Shaft-1 connected to ventilation drive.

Establishment of 600 KTPA Concentrator Plant

The 600 KTPA Concentrator Plant project has reached 28% completion. Detailed engineering has been completed, and one lot of process equipment from the technology partner has been received at site. Construction partner groundbreaking completed and mobilisation underway.

Expansion of Growth Capex project of 300 KTPA Ferrochrome Production

The 300 KTPA Ferrochrome expansion project has achieved 49% progress. Basic engineering has been completed, and almost all major equipment supplied by the technology partner has been delivered to site. Civil construction activities have progressed to 36% completion, with the first-level furnace shell erection and sinter plant structure erection completed. Groundbreaking for the Raw Material Handling System Plant has been done in March 2026.

Strategic Priorities

  • Receipt of First Tonne of Ore from Ostapal UG Mines
  • Transition of the Kalarangiatta mine from Open Cast to Underground by enhancing R&R
  • Restarting of Katashi Manganese Mines
  • Ensuring long-term coal security at a lower cost to operate the power plant at full capacity and generating additional EBITDA