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Steel Authority of India Limited (SAIL)

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Steel Authority of India Limited (SAIL)

  • Largest steel producer in India
  • Maharatna Central Public Sector Enterprise
  • Five integrated steel plants
  • Consolidated total turnover of Rs. 62,645.77 crores (US$ 8.49 billion) in FY20
  • Saleable steel production at 15.76 million tonnes in FY20

Steel Authority of India Limited (SAIL) is the largest steel-making company in India and one of the seven Maharatna’s of the country’s Central Public Sector Enterprises.

The company produces iron and steel at five integrated plants and three special steel plants, located principally in the eastern and central regions of India and situated close to domestic sources of raw materials. SAIL manufactures and sells a broad range of steel products. SAIL mined a total of 32.40 million tonnes of iron ore, fluxes, and coal in FY20.


Company Website: https://sail.co.in

Steel Authority of India Limited (SAIL) – There’s a little bit of SAIL in everybody’s life

2020

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.

2019

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

2018

Modernised and expanded Bhilai Steel Plant dedicated to the nation

2017

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

2016

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

2014

Inaugurated a new sinter plant and coke oven battery at Bhilai

2013

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

2010

Government of India accorded 'Maharatna' status to the company

2009

Bharat Refractories Ltd was amalgamated with the company

2006-07

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

2002-03

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

2000

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

1999

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

1992

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

1990

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

1988

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

1982

Salem steel plant was inaugurated at Salem, Tamil Nadu

1974

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

1973

Incorporated on January 24, 1973

 

Updated: May, 2019

Steel
India became the second largest steel producer of crude steel in 2019 with steel production at 111.2 MT.