Steel Authority of India Stock

Steel Authority of India Limited (SAIL) operates as a steel-making company in India. The company produces both basic and special steels for domestic construction, engineering, power, railway, automotive, and defense industries.

Products and Services

The company manufactures and sells a range of steel products, including hot and cold rolled sheets and coils, galvanized sheets, electrical sheets, structurals, railway products, plates, bars and rods, stainless steel, and other alloy steels. 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.

The company’s long and flat steel products are offered in the domestic, as well as the international markets. This is carried out by the company’s Central Marketing Organisation (CMO) that transacts business through its network of 37 branch sales offices spread across the four regions, 65 warehouses, and 26 customer contact offices.

The company’s International Trade Division (ITD), in New Delhi undertakes exports of Mild Steel products and Pig Iron from SAIL’s five integrated steel plants. SAIL's Consultancy Division at New Delhi offers services and consultancy to clients world-wide.

The company’s steel plants include Bhilai Steel Plant in Chhattisgarh, Durgapur Steel Plant in West Bengal, Rourkela Steel Plant in Orissa, Bokaro Steel Plant in Jharkhand, IISCO Steel Plant in West Bengal, Alloy Steels Plants in West Bengal, Salem Steel Plant in Tamil Nadu, and Visvesvaraya Iron and Steel Plant in Karnataka.

Joint Ventures

NTPC SAIL Power Company Pvt. Ltd (NSPCL): NSPCL is a 50:50 joint venture between Steel Authority of India Ltd. (SAIL) and National Thermal Power Corporation Ltd. It manages the captive power plants at Rourkela, Durgapur, and Bhilai with a combined capacity of 314 megawatts (MW). It has an additional capacity of 500 MW (2 x 250 MW Units) power plant at Bhilai.

Bokaro Power Supply Company Pvt. Limited (BPSCL): BPSCL is a 50:50 joint venture between SAIL and the Damodar Valley Corporation, which manages the 302-MW power generating station and 660 tonnes per hour steam generation facilities at Bokaro Steel Plant.

Mjunction Services Limited: Mjunction Services Limited is a joint venture between SAIL and Tata Steel on 50:50 basis. This company promotes e-commerce activities in steel and related areas. Its new added services include e-assets sales, events and conferences, coal sales and logistics, and publications.

SAIL-Bansal Service Center Ltd.: The company has formed a joint venture with BMW industries Ltd. on 40:60 basis to promote a service centre at Bokaro.

Bhilai JP Cement Ltd: The company has incorporated a joint venture company with Jaiprakash Associates Ltd to set up a 2.2 MT slag based cement plant at Bhilai.

Bokaro JP Cement Ltd: The company has incorporated another joint venture company with Jaiprakash Associates Ltd to set up a 2.1 MT cement plant at Bokaro.

SAIL & MOIL Ferro Alloys (Pvt.) Limited: The company has incorporated a joint venture company with Manganese Ore (India) Ltd to set up ferro-manganese and silico-manganese plants at Nandini / Bhilai, of 1.0 lakh tonne capacity.

S&T Mining Company Pvt. Ltd: The company has incorporated a joint venture company with TATA Steel for acquisition & development of coal blocks/mines.

International Coal Ventures Private Limited: International Coal Ventures Private Limited is a joint venture company comprising five central PSU companies: SAIL, Rashtriya Ispat Nigam Limited (RINL), Coal India Limited (CIL), NTPC Limited, and NMDC Limited.

In November 2009, the company and NMDC Limited have agreed to jointly mine limestone in Himachal Pradesh, India.

History

Steel Authority of India Limited was founded in 1954.