The Ferro Alloys Corporation Limited (FACOR) was floated in 1955 by the house of Sarafs and Mors to become the first major producer of ferromanganese in India.

The year 1956, marked the beginning of the Ferro Alloys Corporation Limited at Sriramnagar, Garividi, Vizianagaram district, Andhra Pradesh.

FACOR signed an agreement with Marc Rich and Co. AG Switzerland, as the sole selling agent of their entire charge chrome output for 10 years.

[7] The plants at Sriramnagar have facilities for raw material handling, metal, and slag casting, crushing, sizing and other ancillaries apart from furnaces for the smelting of ferroalloys.

The furnaces are connected to Two-stage venturi scrubber systems to maintain a clean environment in and around the production area.