Question

Short note on the topic SAIL

Answer 1

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 74,719 employees (as of 01-Sep-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 .[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] Sri Anil Kumar Chaudhary is the current Chairman of SAIL.

Steel Authority of India Limited
SAIL Logo.svg
Native name
Hindustan Steel Limited
Type
(Central Govt. Organisation)
Public Sector Undertakings in India
Traded as
NSE: SAIL
BSE: 500113
LSE: SAUD
Industry
Steel
Founded
19 January 1954; 64 years ago
Headquarters
New Delhi
Key people
Anil Kumar Chaudhary (Chairman)[1]
Products
Steel, flat steel products, long steel products, wire products, Wheel & axle for indian railways, plates
Revenue
Decrease ₹58,042.91 crore (US$8.1 billion) (2018)[2]
Operating income
Increase ₹-785.37 crore (US$−110 million) (2018)[2]
Net income
Increase ₹-481.24 crore (US$−67 million) (2018)[2]
Total assets
Increase ₹106,539.47 crore (US$15 billion) (2017)[2]
Number of employees
74,719 (as on 1 September 2018)
Website
www.sail.co.in
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.