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NSE
34.35
Change Change %
0.75 2.23%

Updated:30 Oct, 2020, 15:59 PM IST

BSE
34.35
Change Change %
0.70 2.08%

Updated:30 Oct, 2020, 16:01 PM IST

Steel Authority of India (SAIL) is  India?óÔé¼Ôäós largest state–owned iron ore producer established in 1954. It is one the leading steel–making company in India. It has country?óÔé¼Ôäós second largest mines network.All plants of SAIL are ISO certified.

SAIL manufactures and sells a wide variety of steel products such as hot and cold rolled sheets and coils, galvanised sheets, electrical sheets, structurals, railway products, plates, bars and rods, stainless steel and other alloy steels.It also produces long and flat steel products, which is in demand in the domestic as well in international market.

It produces steel for domestic construction, defence industries, railways, engineering, power and also for sale in the export market.

SAIL has steel plant located in Chhattisgarh, West Bengal, Orissa, Jharkhand, Tamil Nadu, and Karnataka. Maharashtra Elektrosmelt ( MEL) is subsidiary of SAI.. The company has joint ventures with big companies namely NTPC, Tata Steel, Damodar Valley Corporation, BMW Industries, Jaiprakash Associaties  and Manganese Ore.

SAIL?óÔé¼Ôäós owns Central Marketing Organisation (CMO) and the International Trade Division, which has 34 branch offices and 54 stockyards located in major cities and towns throughout India.

The company has a Research and Development centre in Ranchi that develops new technologies for the steel industry.

The steel major has four decades of experience and expertise in the steel and iron industry, SAIL Consultancy Division ( SAILCON) provides a spectrum of services to the iron and steel and other industries in India and abroad.

SAIL, is in the process of modernizing and expanding its production units, raw material resources and other facilities to maintain its dominant position in the Indian steel market. The objective is to achieve a production capacity of 26.2 MTPA of Hot Metal.

Milestones

It received Dun and Bradstreet's American Express Award 2007 as the Top Indian company in the iron and steel sector.

SAIL received FICCI Annual Award 2006–07 for its outstanding achievement in the category of rural and community development initiatives.

The company  bagged Employers of Choice Award 2007 by CNBC–TV18 in the PSU category.

SAIL was awarded Golden Peacock Award 2007 for its corporate social responsibility .

SAIL was awarded SCOPE Meritorious Award for Environment Excellence & Sustainable Development for FY 2010.

SAIL received the maiden Wockhardt Shining Star CSR Award in the Iron & Steel Sector category in 2011.

Maharatna SAIL has received the prestigious Golden Peacock Environment Management Award for the year 2011.

Recent developments:

Exposed to dual concerns of slack demand and plunging prices across all categories, state owned steel giant has formed five task forces to review the market, enabling to take corrective steps. The newly constituted five task forces comprising directors of SAIL would suggest re–orientation of product–mix to match the supply in tune with the demand of products. They would also look for opportunities to procure cheaper raw materials like coking coal, limestone, dolomite, ferro manganese and refractories in the present downturn market.

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