Promoted by P Caliph and Associates, Femnor Mineral (India) (FML) was incorporated on 16 Apr.'92 as a public limited company and commenced business on 1 May '92. Currently, P Caliph is the managing director. The company mines and processes iron ore, manganese ore, quartz, limestone and dolomite to cater to both the Indian and export markets.
In Apr.'94, FML came out with a Rs 2.5-cr public issue to part-finance its Rs 6.5-cr project for mining and processing ores. The company has acquired mining leases at five sites for periods ranging from 8 to 14 years.
FML has entered into a marketing tie-up with Hindustan Motors, through Birla Associates, to market minerals in India and abroad. The company has commissioned a project for processing of quartz mineral to a high-value electronic-grade raw material for the manufacture of semi-conductor chips (Fused Silica) in technical collaboration with a Japanese firm.