Steel Authority of India Limited information

Steel Authority of India Limited
Native name	SAIL
Company type	Central Public Sector Undertaking
Traded as	NSE: SAIL; BSE: 500113; LSE: SAUD
Industry	Steel
Founded	19 January 1954; 70 years ago
Headquarters	New Delhi, India
Key people	Amarendu Prakash (Chairman)
Products	Steel, flat steel products, long steel products, wire products, Wheel & axle for Indian Railways, plates
Revenue	₹105,398 crore (US$13 billion) (2023)
Operating income	₹2,634 crore (US$330 million) (2023)
Net income	₹2,177 crore (US$270 million) (2023)
Total assets	₹130,481 crore (US$16 billion) (2023)
Total equity	₹54,747 crore (US$6.9 billion) (2023)
Owner	Ministry of Steel, Government of India
Number of employees	57,139 (1 December 2023)
Subsidiaries	NSPCL;
Website	www.sail.co.in

Steel Authority of India Limited (SAIL) is a central public sector undertaking (PSU) based in New Delhi, India. It is under the ownership of the Ministry of Steel, Government of India with an annual turnover of ₹105,398 crore (US$13 billion) for the fiscal year 2022-23. Incorporated on 24 January 1973, SAIL has 57,139 employees (as of 1 December 2023). With an annual production of 18.29 million metric tons,^[3] It is the largest government owned steel producer.^[4] 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.^[5]

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. As a part of its global ambition, the PSU 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 PSUs. The PSU also has an R&D Centre for Iron & Steel (RDCIS) and a Centre for Engineering in Ranchi, Jharkhand.^[6]

Steel Authority of India Limited (SAIL) has a total of 692 patents globally, out of which 343 have been granted. Of these 692 patents, more than 64% patents are active. India is where SAIL has filed the maximum number of patents, followed by Egypt and Germany. It has generated an annual revenue of US $9.0 billion in the year 2021.

^ "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.
^ ^a ^b ^c ^d ^e "SAIL Financial Statements" (PDF). Sail. 25 May 2023. Retrieved 25 May 2023.
^ "SAIL news: Crude steel output at SAIL rises to record high of 18.29 MT in FY23". The Economic Times.
^ 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. Retrieved 5 January 2015.
^ "SAIL to increase hot metal production capacity". 25 November 2014.
^ "R&D Centre for Iron and Steel | SAIL". Archived from the original on 28 September 2020. Retrieved 30 November 2018.

[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.

[sailAnnualReport-2] "SAIL Financial Statements" (PDF). Sail. 25 May 2023. Retrieved 25 May 2023.

[3] "SAIL news: Crude steel output at SAIL rises to record high of 18.29 MT in FY23". The Economic Times.

[India_is_the_second_largest_producer_of_steel-4] 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. Retrieved 5 January 2015.

[5] "SAIL to increase hot metal production capacity". 25 November 2014.

[6] "R&D Centre for Iron and Steel | SAIL". Archived from the original on 28 September 2020. Retrieved 30 November 2018.

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