Steel Authority of India (SAIL) Share Price

Steel Authority of India Limited or SAIL is a renowned steel-making company in India. It is under the Ministry of Steel, Government of India, with a yearly turnover of INR 69,113.61 Crore for the financial year 2020-21. Founded on 19 January 1954, SAIL now has over 62,620 representatives (1 February 2022). With a yearly creation of 16.30 million metric tons, SAIL is the 20th biggest steel producer globally and the biggest in India. The hot metal production capacity of SAIL is expected to arrive at a degree of 50 million tons for each annum by 2025. 

SAIL is now undergoing a huge development and modernization program to achieve global ambition, including updating and building new offices with accentuation on cutting edge green innovation. According to a recent survey, SAIL is one of India's fastest developing Public Sector Units. The current chairman of this company is Smt. Soma Mondal.

SAIL is now the owner and operator of five incorporated steel plants at Bhilai, Rourkela, Durgapur, Bokaro, and Burnpur (Asansol) and three special steel plants at Salem, Durgapur, and Bhadravathi. Other than that, it additionally possesses a Ferro Alloy plant at Chandrapur.

This company began its journey from the Hindustan Steel Limited (HSL), which was set up on 19 January 1954 to oversee just a single plant coming up at Rourkela.

The Iron and Steel Ministry did the starter work of plants in steel plants Bhilai and Durgapur for SAIL. From April 1957, the management and control of these two steel plants were likewise moved to Hindustan Steel. Even though New Delhi was the location of the registered office of SAIL in the initial stage, it moved to Calcutta in July 1956 and eventually to Ranchi in December 1959. On 29 January 1964, another steel organization, Bokaro Steel Limited (Bokaro Steel Plant), was consolidated to develop and operate the steel plant at Bokaro.

The Major Units of SAIL: Integrated Steel Plants, Special Steel Plants, and Others

SAIL Integrated Steel Plants

• Rourkela Steel Plant (RSP) in Odisha was set up with German collaboration (The first integrated steel plant in the Public Sector in India, 1959).
• Bhilai Steel Plant (BSP) in Chhattisgarh was set up with Soviet collaboration (1959).
• Durgapur Steel Plant (DSP) at Durgapur, West Bengal set up with British collaboration (1965).
• Bokaro Steel Plant (BSL) in Jharkhand (1965) was set up with Soviet collaboration.
• IISCO Steel Plant (ISP) at Burnpur in Asansol, West Bengal(Modernized in 2015).

Special Steel Plants

• Alloy Steel Plant (ASP), Durgapur, West Bengal supplies to the Indian Ordnance Factories.
• Salem Steel Plant (SSP), Maramangalathupatti, at Salem, Tamil Nadu.
• Visvesvaraya Iron and Steel Limited (VISL), at Bhadravathi, Karnataka.

Refractory Plants - SAIL Refractory Unit (SRU)

• SAIL Refractory Unit, Bhandaridah in Jharkhand
• SAIL Refractory Unit, Bhilai in Chhattisgarh
• SAIL Refractory Unit, IFICO, Ramgarh in Jharkhand
• SAIL Refractory Unit, Ranchi Road in Jharkhand

Ferro Alloy Plant

• Chandrapur Ferro Alloy Plant (CFP) in Maharashtra

Central Units of SAIL

• Central Marketing Organisation
• Centre for Engineering and Technology
• Research and Development Centre for Iron and Steel
• SAIL Consultancy Organisation
• Environment Management Division
• Management Training Institute, Ranchi

SAIL: Awards Received

• "Best of all" Rajiv Gandhi National Quality Award in 1993, 2006, and 2007 for their Bhilai and Bokaro plants.
• Quality Summit New York Gold Trophy 2007 (International Award for Excellence & Business Prestige) and Award of Excellence Maintenance for Sumitomo Heavy Industry & TSUBKIMOTO-KOGIO, Japan, won by Alloy Steel Plant, Durgapur.
• SAIL was featured in the 2008 list of Forbes Global 2000 companies at position 674.
• Golden Peacock Award for Combating Climate Change – 2008 for BSP, Occupational Health and Safety- 2008 for BSL.
• National Safety Award to Bhilai Steel Plant announced by the Ministry of Labour & Employment, Government of India – 2008.
• Durgapur Steel Plant won the 2nd prize in the Association of Business Communicators of India Awards – 2008.
• Ispat Bhasha Bharati. The Rajbhasha Journal of SAIL has been awarded the first prize under the All India House Journal Award Scheme – 2008-09.
• Salem Steel Plant received the Greentech Gold Award in Metal and Mining Sector – 2008-09.
• Golden Peacock Award for Corporate Social Responsibility won by Bhilai Steel Plant (BSP) for the third year in a row – 2009.
• Rourkela Steel Plant collected the Srishti Good Green Governance (G-Cube) Award – 2009.
• Greentech HR Excellence Award secured by the Durgapur Steel Plant – 2009.
• The steel township of Rourkela Steel Plant (RSP) has been ranked 14th in sanitation and cleanliness by Union Urban Development Ministry – 2009-10.
• Greentech Safety Gold Award was given to Bhilai Steel Plant in 2010.
• Bhilai Steel Plant won the HR Excellence Award by the Greentech Foundation in 2010.
• SSP has won the Greentech Silver Award in the Training Category of Greentech HR Excellence Awards – 2010.
• Award for financial and operational strength by Indian Institute of Industrial Engineering (IIIE)- 2009-10.
• Golden Peacock Environment Management Award – 2011. Randstad Award for HR Practices and Employer Branding under 'Manufacturing Industries' category – 2011.
• Maiden Wockhardt Shining Star CSR Award in the Iron & Steel Sector category – 2011.
• Salem Steel Plant (SSP) won the National Sustainability Award for the 6th time in succession and the 13th time since the inception of the award from the Indian Institute of Metals (IIM) – in 2011

Conclusion

According to a survey, SAIL is now one of the leading companies in India. This company is currently modernizing and extending its creation units, unrefined substance assets, and offices to maintain its position in the Indian steel market. Hence, it'd be a great decision to keep this stock as a long-term investment in your portfolio.