Why is the Steel Authority of India said to be a Public Sector Undertaking?
Answers
Answer:
Public sector undertaking of India sells its steel through steel Authority of India Ltd or SAIL. This is the reason the Steel Authority of India said to be a public sector undertaking. The TISCO markets, also known as Tata Iron and Steel Company Limited sell their produce through Tata steel.
Steel Authority of India Limited
Explanation:
The most basic industry is the Iron and steel industry as all the industries are dependent on this industry for their machinery. Steel is an important metal because it is used for manufacturing engineering goods, construction material, defense, medical, communication, scientific equipment, and a variety of other consumer goods. India is the second largest producer of steel, after China.
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 meaning it is owned and operated by the Government of India.