Steel Authority of India Limited (SAIL)

FY24 Consolidated total income stood at Rs. 1,06,445.29 crore (US$ 12.77 billion)

In August 2023, in a significant stride towards sustainable steel production, Steel Authority of India Limited (SAIL) signed a Memorandum of Understanding (MoU) with SMS Group, Germany’s leading engineering company.

On June 8, 2023, SAIL announced a partnership with Strategic Human Resource Management (SHRM), which is aimed at cultivating and celebrating the brilliance of women leaders across functions and locations. The program is called Aanya which means “Gracious and Limitless”.

SAIL achieved the best ever annual production during FY23. During the period, the company recorded 19.409 MT of hot metal and 18.289 MT of crude steel production with a growth of 3.6% and 5.3%, respectively over the previous best.

In January 2023, SAIL recorded the best-ever monthly production in crude Steel of 1.72 Million Tonne (MT).

In October 2022, an agreement has been signed between SAIL and Airport Authority of India (AAI for facilitating commercial operation of Airport at Rourkela under RCS UDAN scheme.

In October 2022, SAIL crossed Rs. 10,000 crore (US$ 1.22 billion) procurement value on the Government e-Marketplace (GeM) portal.

In September 2022, Steel Authority of India Limited (SAIL), a Maharatna PSU, supplied 30,000 tonnes of the entire DMR grade specialty steel for the nation’s first indigenously built Aircraft Carrier INS Vikrant.

In August 2021, Steel Authority of India Ltd. (SAIL) announced its plan to invest Rs. 4,000 crore (US$ 536.47 million) in Jharkhand over the next three years to boost the capacity at its Gua mines.

SAIL reported 5.6% rise in production of crude steel production for the fourth quarter in FY21. The production stood at 4.55 MT (million tonnes) against 4.31 MT in the same period in FY20.

In April 2021, the company delivered > 17,500 MT liquid medical oxygen (LMO) to 15 states, including states in which its plants are located, across the country.

In September 2020, SAIL reported its highest ever sales performance for the month of August-20. The company sold 14.34 lakh tons of steel during the month.

Government allowed SAIL to sell 25% of its total iron ore produced in open market

Modernised and expanded Bhilai Steel Plant dedicated to the nation

Inauguration of Steel Processing Unit (SPU), Kandrori, by the Prime Minister of India

Signed an MoU with POSCO on technical collaboration for operational improvements and human resource development

Inaugurated a new sinter plant and coke oven battery at Bhilai

SAIL's Bhilai Steel Plant awarded the National Energy Conservation Award 2013

Government of India accorded 'Maharatna' status to the company

Bharat Refractories Ltd was amalgamated with the company

Undertook a modernisation and expansion plan with an indicative cost of Rs. 40,000 crore (US$ 8.83 billion)

Implemented major projects including upgradation of Blast Furnace (BF) - 3

Signed an MoU with Egypt's public sector Metallurgical Industries Corporation (Micor) for establishing a modern technical and management training centre

Undertook a marketing tie-up with Tyazprom Export (TPE) of Russia

Set up an R&D unit at Ranchi to promote continuous improvement in critical performance indices

Came up with a modernisation programme to revamp and technologically upgrade Bhilai Steel Plant

Acquired 60 per cent stake in Visvesvaraya Irons & Steel Co Ltd

Salem steel plant was inaugurated at Salem, Tamil Nadu

SAIL International Ltd was incorporated to coordinate the export and import business

Incorporated on January 24, 1973