sail - isteel authority of india limited

Topics: Steel Authority of India Limited, Steel, Iron ore Pages: 11 (2926 words) Published: September 26, 2013

Steel Authority of India
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SAIL Logo.svg
TypeState-owned enterprise
public company
Traded asNSE: SAIL
HeadquartersNew Delhi, India[1]
Key peopleChandra Shekhar Verma (Chairman)
ProductsSteel, flat steel products, long steel products, wire products, plates RevenueINR486.81 billion (US$7.4 billion) (2012)[2]
Net incomeINR35.42 billion (US$540 million) (2012)[2]
Total assetsINR204.25 billion (US$3.1 billion) (2011)
Employees99360 (2013)
Official Facebook Page
Steel Authority of India Limited (SAIL) (Hindi: स्टील अथॉरिटी ऑफ इण्डिया लिमिटेड(Steel Authority of India Limited)) is one of the largest state-owned steel-making company based in New Delhi, India and one of the top steel makers in World. With a turnover of INR486.81 billion (US$7.4 billion), the company is among the top five highest profit earning corporates of the country (source?). It is a public sector undertaking which trades publicly in the market is largely owned by Government of India and acts like an operating company. Incorporated on 24 January 1973, SAIL has more than 100,000 employees. During 2010–11, the manpower of SAIL reached a level of 110794 (as on 31 March 2011) from 116950 (as on 1.4.2010) The company's current chairman is C.S Verma. With an annual production of 13.5 million metric tons, SAIL is the 14th largest steel producer in the world. Major plants owned by SAIL are located at Bhilai, Bokaro, Durgapur, Rourkela, Burnpur (near Asansol) and Salem.SAIL is investing Rs 210 billion in West Bengal, to set up a wagon factory.[3] SAIL is a public sector company, owned and operated by the Government of India. According to a recent survey, SAIL is one of India's fastest growing Public Sector Units.Besides, it has R&D centre for Iron & Steel (RDCIS), Centre for Engineering and Technology (CET), Management Training Institute (MTI) and SAIL Safety Organization (SSO) located at Ranchi capital of Jharkhand. Contents [hide]

1 History
1.1 1959–1973
1.2 Holding Company
2 Major Units
3 Central Units
4 Joint Ventures
4.1 NTPC SAIL Power Company Limited (NSPCL)
4.2 Bokaro Power Supply Company Pvt. Limited (BPSCL)
4.3 mjunction services limited
4.4 SAIL-Bansal Service Center Ltd
4.5 Bhilai JP Cement Ltd
4.6 Bokaro JP Cement Ltd
4.7 SAIL&MOIL Ferro Alloys (Pvt.) Limited
4.8 S&T Mining Company Pvt. Ltd
4.9 International Coal Ventures Private Limited
4.10 Development of Hajigak iron ore mines in Afghanistan
4.11 Development of mines through outsourcing
5 Ownership and management
6 Achievements[9]
7 Future Plans
8 Competitors
9 See also
10 References
11 External links
History[edit source]

1959–1973[edit source]
SAIL traces its origin to the Hindustan Steel Limited (HSL) which was set up on 19 January 1954. HSL was initially designed to manage only one plant that was coming up at Rourkela. For Bhilai and Durgapur Steel Plants, the preliminary work was done by the Iron and Steel Ministry. From April 1957, the supervision and control of these two steel plants were also transferred to Hindustan Steel. The registered office was originally in New Delhi. It moved to Calcutta in July 1956, and ultimately to Ranchi in December 1959. A new steel company, Bokaro Steel Limited (Bokaro Steel Plant), was incorporated in January 1964 to construct and operate the steel plant at Bokaro. The 1 MT phases of Bhilai and Rourkela Steel Plants were completed by the end of December 1961. The 1 MT phase of Durgapur Steel...

References: Jump up ^ others_unit_environment. (28 May 2013). Retrieved on 29 July 2013.
Jump up ^ Awards & Accolades. (28 May 2013). Retrieved on 29 July 2013.
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