Balasore Alloys Limited Approves Appointment of Debasish Ganguly as Chief Financial Officer

Balasore Alloys Limited is engaged in the manufacturing and mining of ferro alloys. The Company is also engaged in the manufacturing and selling of ferro chrome of various grades. The Company manufactures High Carbon Ferro Chrome (FeCr60) and Low Silicon Ferro Chrome (FeCr65). The Company's plants are located at Balasore and Sukinda, having over six submerged electric arc furnaces (five in Balasore plant and one in Sukinda plant) with a combined ferro chrome manufacturing capacity of approximately 1,63,000 million tons per annum (MTPA). It has a captive chrome ore mine in Sukinda Valley in Jajpur district in the state of Odisha. Its metal recovery plants are used to recover the entrapped metal (ferrochrome) from the slag generated during the production of Ferro chrome and charge chrome. It focuses on the production of products, such as low and medium-silicon, low phosphorous, medium-carbon and high-chromium, among others. Its ferro chrome is used in stainless steel industry.