Facor Alloys Ltd. Receives In-Principle Approval for Railway Siding Migration to Gati Shakti Cargo Terminal
Facor Alloys Ltd. has received in-principle approval from the East Coast Railway concerning the migration of the company's existing railway siding into the Gati Shakti Cargo Terminal (GCT) Policy framework.The approval was communicated to the company on May 6, 2026, by the Office of the Sr. Divisional Commercial Manager, East Coast Railway, Waltair. This clearance relates to the existing railway siding of Facor Alloys Ltd. under Railway Code - FMP.
The company noted that this in-principle approval is conditional. The migration is subject to necessary compliances with prescribed Railway standards, applicable guidelines, and the fulfillment of requisite approvals.
Stock Price Movement
As of 12:12, Facor Alloys Ltd is ticking up to ₹2.87, gaining 2.87% in the market today. The shares have moved through a range, finding support off ₹2.76 and reaching an intraday high at ₹2.87.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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