Steel Authority of India Limited (SAIL) is a government owned steel manufacturing enterprise based in New Delhi, India. It is under the ownership of Ministry of Steel, Government of India with an annual turnover of INR 66,267 Crore (US$9.32 billion) for fiscal year 2018–19. Incorporated on 24 January 1973, SAIL has 64,628 employees (as of 01-Jun-2021). With an annual production of 16.30 million metric tons, SAIL is the 20th largest steel producer in the world and the largest in India.[3] 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.[4] Smt Soma Mondal is the current Chairman of SAIL. SAIL operates and owns five integrated steel plants at Bhilai, Rourkela, Durgapur, Bokaro and Burnpur (Asansol) and three 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 in Ranchi, Jharkhand. SAIL traces its origin to the Hindustan Steel Limited (HSL) which was set up on 19 January 1954. 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 on 29 January 1964[6][7] 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 Plant was completed in January 1962 after commissioning of the Wheel and Axle plant. The crude steel production of HSL went up from 1.58 MT (1959–60) to 1.6 MT. The second phase of the Bhilai Steel Plant was completed in September 1967 after commissioning of the Wire Rod Mill. The last unit of the 1.8 MT phase of Rourkela – the Tandem Mill – was commissioned in February 1968, and the 1.6 MT stage of Durgapur Steel Plant was completed in August 1969 after commissioning of the Furnace in SMS. Thus, with the completion of the 2.5 MT stage at Bhilai, 1.8 MT at Rourkela, and 1.6 MT at Durgapur, the total crude steel production capacity of HSL were raised to 3.7 MT in 1968–69 and subsequently to 4 MT in 1972–73.[8] IISCO was taken over as a subsidiary in 1978 and later merged in 2006.
Script Name –SAIL (Steel Authority of India)
Buy Price –137
Profit Target-142/145
Stop Loss-135
Call Duration-Delivery
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