Steel Authority of India Limited (SAIL)
India is the world’s second-largest producer of crude steel, with an output of 125.32 MT of crude steel and finished steel production of 121.29 MT in FY23.
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.
- Largest steel producer in India
- Maharatna Central Public Sector Enterprise
- Five integrated steel plants
- Net sales stood at Rs. 20,498 crore (US$ 2.75 billion) in the first quarter of FY22
- Saleable steel production at 15.76 million tonnes in FY20
Steel Authority of India Limited (SAIL) – There’s a little bit of SAIL in everybody’s life
| Year | Milestone |
|---|---|
| 2023 |
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). |
| 2022 |
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. |
| 2021 |
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. |
| 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 |
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