Steel Authority of India Ltd.
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Native name
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Hindustan Steel Limited |
|---|---|
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(Central Govt. Organisation) Public Sector Undertakings in India |
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| Traded as | : SAIL : : |
| Industry | Steel |
| Founded | 19 January 1954 |
| Headquarters | Kolkata |
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Key people
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Prakash Kumar Singh (Chairman& MD) |
| Products | Steel, flat steel products, long steel products, wire products, Wheel & axle for indian railways, plates |
| Revenue |
 ₹50,302.71 crore (US$7.7 billion) (2017) |
 ₹-4,634.12 crore (US$−710 million) (2017) |
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₹-2,833.24 crore (US$−430 million) (2017) |
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| Total assets |
₹106,539.47 crore (US$16 billion) (2017) |
|
Number of employees
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78,333 (as on 1 January 2018) |
| Website | www.sail.co.in |
Steel Authority of India Limited (SAIL) is an Indian state-owned steel making company based in New Delhi, India . It is a public sector undertaking, owned and operated by the Government of India with an annual turnover of INR 44,452 Crore (US$ 6.83 Billion) for fiscal year 2016-17. Incorporated on 24 January 1973, SAIL has 78,333 employees (as of 01-Jan-2018). With an annual production of 14.38 million metric tons, SAIL is the largest steel producer in India and one of the largest steel producers in the world . The Hot Metal production capacity of the Company will further increase and is expected to reach a level of 50 million tonnes per annum by 2025. Shri P.K Singh is the current Chairman of SAIL.
SAIL operates and owns 5 integrated steel plants at Bhilai, Rourkela, Durgapur, Bokaro and Burnpur(Asansol) and 3 special steel plants at Salem, Durgapur and Bhadravathi. It also owns a Ferro Alloy plant at Chandrapur. As a part of its global ambition, the company is undergoing a massive expansion and modernisation programme involving upgrading and building new facilities with emphasis on state of the art green technology. 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 Organisation (SSO) located at Ranchi capital of Jharkhand.
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.
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