Steel Authority of India Limited

Steel Authority of India Limited
Native name
SAIL
Company typePublic
NSE: SAIL
BSE: 500113
LSE: SAUD
IndustrySteel
Founded19 January 1954; 70 years ago (19 January 1954)
HeadquartersNew Delhi, India
Key people
Amarendu Prakash (Chairman)[1]
ProductsSteel, Metal R&D, flat steel products, long steel products, wire products, Wheel & axle for Indian Railways, plates
RevenueIncrease ₹106,445 crore (US$13 billion) (2024)[2]
Increase ₹4,903 crore (US$590 million) (2024)[2]
Increase ₹3,067 crore (US$370 million) (2024)[2]
Total assetsIncrease ₹140,709 crore (US$17 billion) (2024)[2]
Total equityIncrease ₹57,101 crore (US$6.8 billion) (2024) [2]
OwnerGovernment of India
Number of employees
54,431 (1 September 2024)
Subsidiaries
Websitewww.sail.co.in

Steel Authority of India Limited (SAIL) is an Indian public sector steel manufacturing corporation based in New Delhi. It is the largest government-owned steel producer,[3] with an annual production of 18.29 million metric tons.[4] Incorporated on 24 January 1973, SAIL has 54,431 employees and is under the administrative control of the Ministry of Steel.

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. It also has an R&D Centre for Iron & Steel (RDCIS) and a Centre for Engineering in Ranchi, Jharkhand.[5]

Steel Authority of India Limited (SAIL) has a total of 692 patents globally, out of which 343 have been granted. More than 64% of the 692 patents are active. SAIL has filed the maximum number of patents in India, followed by Egypt and Germany.

  1. ^ "Amarendu Prakash takes over as SAIL Chairman". www.moneycontrol.com. Money Control. 31 May 2023. Archived from the original on 31 May 2023. Retrieved 31 May 2023.
  2. ^ a b c d e "SAIL Financial Statements" (PDF). Sail. 20 May 2024.
  3. ^ India on its way to be the second largest producer of steel. "India on its way to be the second largest producer of steel". The Economic Times. Archived from the original on 7 January 2015. Retrieved 5 January 2015.
  4. ^ "SAIL news: Crude steel output at SAIL rises to record high of 18.29 MT in FY23". The Economic Times.
  5. ^ "R&D Centre for Iron and Steel | SAIL". Archived from the original on 28 September 2020. Retrieved 30 November 2018.