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Steel Authority of India Limited

Steel Authority of India Limited (SAIL) (NSE: SAIL, LSE: SAUD) is one of thelargest state-owned steel makers in India and one of the top steel makers in World. With aturnover of 48,681 crore (US$9.71 billion), the company is among the top five highest profitearning corporates of the country. It is a public sector undertaking which trades publicly in themarket is largely owned by Government of India and acts like an operating company.Incorporated on January 24, 1973, SAIL has more than 1 lakh employees.During 2010-11,themanpower of SAIL reached a level of 110794 (as on 31.3.2011) from 116950 (as on 1.4.2010)

The company's current chairman is C.S Verma. With an annual production of 13.5 million metrictons, SAIL is the 14th largest steel producer in the world.

Major plants owned by SAIL are located at Bhilai, Bokaro, Durgapur, Rourkela, Burnpur(near Asansol) and Salem. SAIL is a public sector company, owned and operated by theGovernment of India. According to a recent survey, SAIL is one ofIndia's fastest growing PublicSector Units.Besides, it has R&D centre for Iron & Steel (RDCIS), Centre for Engineering andTechnology (CET), Management Training Institute (MTI) and SAIL Safety Organization (SSO)located at Ranchi capital ofJharkhand.

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History:-

1959-1973:-

SAIL traces its origin to the Hindustan Steel Limited (HSL) which was set up on January19, 1954. HSL was initially designed to manage only one plant that was coming up at Rourkela.

For Bhilai and Durgapur Steel Plants, the preliminary work was done by the Iron andSteel Ministry. From April 1957, the supervision and control of these two steel plants were alsotransferred to Hindustan Steel. The registered office was originally in New Delhi. It moved toCalcutta in July 1956, and ultimately to Ranchi in December 1959.

A new steel company, Bokaro Steel Limited (Bokaro Steel Plant), was incorporated inJanuary 1964 to construct and operate the steel plant at Bokaro. The 1 MT phases of Bhilai andRourkela Steel Plants were completed by the end of December 1961. The 1 MT phase ofDurgapur Steel Plant was completed in January 1962 after commissioning of the Wheel and Axleplant. The crude steel production of HSL went up from 1.58 MT (195960) to 1.6 MT. Thesecond phase of Bhilai Steel Plant was completed in September 1967 after commissioning of theWire Rod Mill. The last unit of the 1.8 MT phase of Rourkela - the Tandem Mill - wascommissioned in February 1968, and the 1.6 MT stage of Durgapur Steel Plant was completed inAugust 1969 after commissioning of the Furnace in SMS. Thus, with the completion of the 2.5MT stage at Bhilai, 1.8 MT at Rourkela and 1.6 MT at Durgapur, the total crude steel productioncapacity of HSL was raised to 3.7 MT in 1968-69 and subsequently to 4MT in 1972-73.

1973-present:-

The Ministry of Steel and Mines drafted a policy statement to evolve a new model formanaging industry. The policy statement was presented to the Parliament on December 2, 1972.On this basis the concept of creating a holding company to manage inputs and outputs under oneumbrella was mooted. This led to the formation of Steel Authority of India Ltd. The company,incorporated on January 24, 1973 with an authorized capital of Rs. 2000 crore, was maderesponsible for managing five integrated steel plants at Bhilai, Bokaro, Durgapur, Rourkela andBurnpur, the Alloy Steel Plant and the Salem Steel Plant. In 1978 SAIL was restructured as anoperating company.

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Major Units:-

SAIL Integrated Steel Plants:-

1. Rourkela Steel Plant (RSP) in Orissa set up with German collaboration (The first integrated steelplant in the Public Sector in India, 1959)

2. Bhilai Steel Plant (BSP) in Chhattisgarh set up with Soviet collaboration (1959)3. Durgapur Steel Plant (DSP) at Durgapur, West Bengal set up with British collaboration (1965)4. Bokaro Steel Plant (BSL) in Jharkhand (1965) set up with Soviet collaboration (The Plant is

hailed as the countrys first Swadeshi steel plant, built with maximum indigenous content interms of equipment, material and know-how)

5. IISCO Steel Plant (ISP) at Burnpur, West Bengal

Special Steel Plants:-

1. Steel Authority of India Limited (SAIL), Kanpur, Uttar Pradesh2. Alloy Steels Plants (ASP), Durgapur, West Bengal3. Salem Steel Plant (SSP), Tamil Nadu4. Visvesvaraya Iron and Steel Limited (VISL), at Bhadravathi, Karnataka

Subsidiaries:-

1. Maharashtra Elektro-smelt Limited (MEL) in Maharashtra

Central Units:-

1. Centre for Engineering and Technology2. Research and development centre for iron and steel3. Management Training Institute4. SAIL safety organization5. Raw materials division6. Central Marketing Organization7. SAIL consultancy organization.

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Joint Ventures:-

NTPC SAIL Power Company Limited (NSPCL):-

A 50:50 joint venture between Steel Authority of India Ltd. (SAIL) and National ThermalPower Corporation Ltd. (NTPC Ltd.); manages the captive power plants at Rourkela, Durgapurand Bhilai with a combined capacity of 314 megawatts (MW). It has installed additional capacityby implementation of 500 MW (2 x 250 MW Units) power plant at Bhilai. The commercialgeneration of 1st Unit has commenced in April2009 and the 2nd Unit in October 2009

SAIL-Bansal Service Center Ltd:-

SAIL has formed a joint venture with BMW industries Ltd. on 40:60 basis to promote aservice centre at Bokaro with the objective of adding value to steel.

Bhilai JP Cement Ltd:-

SAIL has incorporated a joint venture company with M/s Jaiprakash Associates Ltd to setup a 2.2 MT slag based cement plant at Bhilai. The company shall commence cement productionat Bhilai by March'2010, whereas clinker production at Satna shall start within 2009.

Bokaro JP Cement Ltd:-

SAIL has incorporated another joint venture company with M/s Jaiprakash AssociatesLtd to set up a 2.1 MT cement plant at Bokaro utilizing slag from BSL. The projectimplementation is under progress with commencement of cement production likely byJuly2011.

SAIL&MOIL Ferro Alloys (Pvt.) Limited:-

SAIL has incorporated a joint venture company with Manganese Ore (India) Ltd on50:50 basis to produce ferro-manganese and silico-manganese required for production of steel..

S&T Mining Company Pvt. Ltd:-

SAIL has incorporated a joint venture company with TATA Steel for joint acquisition &development of coal blocks/mines. New indigenous opportunities for coking coal development

are being explored by the Joint Venture company for securing coking coal supplies.

International Coal Ventures Private Limited:-

Towards achieving the target of making steel PSUs self reliant in the area of coking coal,a joint venture company has been incorporated composed of five central PSU companies i.e.SAIL, Rashtriya Ispat Nigam Limited (RINL), Coal India Limited and other target countries.

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Ownership and Management:-

The Government of India owns about 86% of SAIL's equity and retains voting control ofthe Company. However, SAIL, by virtue of its Maharatna status, enjoys significant operational

and financial autonomy

Achievements:-

SAIL was featured in the 2008 list ofForbes Global 2000 companies at position 647. Golden Peacock Award for Combating Climate Change2008 for BSP, Occupational Health and

Safety2008 for BSL

Of the 33 Prime Minister's Shram Awards announced for 2010 by the Ministry of Labour,Government of India,17 of which went to PSUs, SAIL employees bagged 11 awards. Of the totalnumber of 76 awardees for the year, 45 belong to SAIL - a remarkable distinction for any

organisation. Maharatna SAIL has received the prestigious Golden Peacock EnvironmentManagement Award for the year 2011. The award, in recognition of SAIL's initiatives andachievements in the field of environment management, was presented by Union Minister forHome Affairs Shri P. Chidambaram on 24th June, 2011

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