Results of a high spectral resolution observation of the RS CVn binary σ Cr B, made with the Focal Plane Crystal Spectrometer (FPCS) on the Einstein Observatory, are reported. A spectral scan in the 800–840 eV interval shows clear presence of an X-ray emission line at 826 eV identified with the 1S0 − 1P1 transition of Fe XVII. A prominent peak at 1007 eV in the scan band 987–1013 eV is attributed to a blend of lines due to Fe XVII and Fe XXI. Using the observed line fluxes and the Raymond-Smith model, best fit values of corona temperature and volume emission measure, with associated 90% confidence level uncertainties, are derived to be (6.9 ± 0.8) × 106 K and (1.7 ± 0.7) × 1053 cm−3, respectively. Pressure and density of the X-ray emitting plasma and loop length are deduced by applying a Constant Pressure Coronal Loop Model.