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facor steels ltd (532657) Details

Facor Steels Limited manufactures and sells carbon, alloy, stainless, and special steels in India and internationally. The company offers stainless steel products comprising austenitic stainless steel, martensetic stainless steel, ferritic stainless steel, heat resisting steel, valve steel, duplex steel, and precipitation hardening steel; and alloy steel products consisting of plain chrome steel, high carbon chrome, chrome manganese steel, chrome nickel steel, chrome nickel moly steel, chrome moly steel, chrome silicon steel, chrome vanadium steel, chrome moly vanadium steel, manganese moly steel, nickel moly steel, and tool steel. It also provides free cutting steel, semi-free cutting steel, silico manganese steel, and carbon manganese steel, as well as high, medium, and low carbon steel products. The company serves automobile and auto component, construction, fasteners, petrochemical, surgical equipment, tool, valve, and sugar industries, as well as provides its products for boilers, engineering components, forging, and railway springs. Facor Steels Limited was founded in 1956 and is headquartered in Tumsar, India.

Founded in 1956

facor steels ltd (532657) Top Compensated Officers

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facor steels ltd (532657) Key Developments

Facor Steels Ltd Announces Resignation of Murlidhar D. Saraf as Managing Director

Facor Steels Ltd. announced that Mr. Murlidhar D. Saraf, Vice Chairman & Managing Director of the company has resigned from the post of Managing Director of the company with effect from May 25, 2015. Consequent to his resignation Mr. M. D. Saraf ceases to be KMP of the company from the date of his resignation. However, he continues to be a director on board of the company.

Facor Steels Ltd. Reports Audited Standalone Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2015

Facor Steels Ltd. reported audited standalone earnings results for the fourth quarter and full year ended March 31, 2015. For the quarter, net sales /income from operations was negative INR 3.348 million compared to net sales /income from operations of INR 323.622 million a year ago. Loss from operations before other income finance cost and exceptional items was INR 65.791 million compared to INR 49.458 million a year ago. Profit from ordinary activities before tax was INR 106.087 million against loss from ordinary activities before tax of INR 74.588 million a year ago. Net profit was INR 106.087 million or INR 0.51 per basic and diluted share before and after extraordinary items compared to net loss of INR 74.588 million or INR 0.36 per basic and diluted share before and after extraordinary items a year ago. For the full year, net sales /income from operations was INR 292.712 million compared to INR 651.208 million a year ago. Loss from operations before other income finance cost and exceptional items was INR 239.461 million compared to INR 203.507 million a year ago. Loss from ordinary activities before tax was INR 125.107 million against INR 280.484 million a year ago. Net loss was INR 125.107 million or INR 0.61 per basic and diluted share before and after extraordinary items compared to net loss of INR 280.481 million or INR 1.63 per basic and diluted share before and after extraordinary items a year ago.

Facor Steels Ltd., Board Meeting, May 29, 2015

Facor Steels Ltd., Board Meeting, May 29, 2015. Agenda: To report audited standalone earnings results for the fourth quarter and full year ended March 31, 2015.

 

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