Overview: Steel Authority of India Limited (SAIL) is a Large Cap company with a market capital of Rs 30,359.36 Crore.
About the company: Steel Authority of India Limited is one of the largest steel-making companies in India and one of the Maharana’s of the country’s Central Public Sector Enterprises. IN 1954, Hindustan Steel Limited (HSL) was set up to manage one plant that was coming up at Rourkela. Steel Plants in Bhilai and Durgapur was set up by the Iron and Steel Ministry and in 1957,the supervision and control of these two steel plants were also transferred to Hindustan Steel.
A new steel company, Bokaro Steel Limited, was incorporated in January 1964 to construct and operate the steel plant at Bokaro.In 1972, the Ministry of Steel and Mines drafted a policy statement to evolve a new model for managing industry and on the concept of creating a holding company to manage inputs and outputs under one umbrella was mooted. This led to the formation of Steel Authority of India Ltd. The company, incorporated on January 24, 1973, and was made responsible for managing five integrated steel plants at Bhilai, Bokaro,Durgapur, Rourkela and Burnpur, the Alloy Steel Plant and the Salem Steel Plant.
SAIL produces iron and steel at five integrated plants and three special steel plants, located principally in the eastern and central regions of India and situated close to domestic sources of raw materials. SAIL manufactures and sells a broad range of steel products. SAIL manufactures and sells a wide variety of steel products such as HR/CR sheets and coils,galvanised sheet electrical sheets, structural, railway products, plates, bars and rodsstainless steel and other alloy steels.
Management: Smt. Soma Mondal is the Chairman of the company.
Shareholding Pattern: The Government of India owns about 65% of SAIL’s equity and retains voting control of the Company. However, SAIL, by virtue of its Maharatna status, enjoys significant operational and financial autonomy.
Sales Report: For the quarter ended on 31 st December 2020, SAIL has reported a Consolidated Total Income of Rs 19,997.31 Crore, which is up 16.96 % from last quarter Total Income of Rs 17,097.57 Crore and up 19.64 % from last year same quarter Total Income of Rs 16,714.87 Crore. SAIL has reported net profit after tax of Rs 1,246.50 Crore in the same quarter.
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