BHADRAK, SEP 17
Ferro Alloys Corporation Limited (FACOR), one of India’s oldest and most respected producers of High Carbon Ferro Chrome and Charge Chrome, has taken a significant step toward sustainability. On the occasion of Viswakarma Puja, FACOR unveiled an electric vehicle (EV) for its Quick Response Team (QRT) at its Bhadrak facility.
This initiative marks a pivotal step in FACOR’s journey towards achieving net zero carbon emissions by 2050, along with the goal of reducing absolute emissions by 25 per cent by 2030. The introduction of the EV not only highlights FACOR’s dedication to eco-friendliness but also reflects its commitment to innovation, corporate responsibility, and environmental leadership. The deployment of the EV is projected to result in a 40 per cent annual cost optimization.
At the event, FACOR CEO Pankaj Sharma stated, “In alignment with our vision of ‘Transforming the Planet’ and integrating ESG practices into all our operations, we are thrilled to introduce our new Electric Vehicle for our Quick Response Team. This initiative is a crucial step towards our goal of achieving net zero carbon emissions and also aims to raise awareness about green mobility in India for a sustainable future.”
Further demonstrating its commitment to sustainability, FACOR has installed a 14 KVA solar panel system at its Ostapal and Kalarangiatta Chromite Mines. The company has also contributed to the community by distributing over 500 solar street lights, underscoring its dedication to fostering a greener future. FACOR’s recent initiatives reflect its ongoing efforts to lead by example in environmental stewardship and innovation.
