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Incorporated in the year 1973, Steel Authority of India Ltd is the leading steel-making company in India. Steel Authority of India is owned by the Ministry of Steel, Government of India. Its corporate office is located at Ispat Bhawan, Lodi Road, New Delhi - 110 003, India.
The company aims to provide assertive transformation to each life they touch and is enthusiastic about expanding its horizons in its product lines. Steel Authority of India Ltd is a homesteader in the steel market driven by profoundly established values like compassion, confidence and a customer-friendly attitude. Their network consists of about 63,433 employees equally divided all over India to address its global customer needs. The company is listed on the Bombay Stock Exchange list and the National Stock Exchange lists.
MERGERS AND ACQUISITIONS
The company was formed in 1973 to manage five integrated steel plants at Bhilai, Bokaro, Durgapur, Rourkela and Burnpur.
The leading steel manufacturer has joined hands with multiple multinational companies of India to diversify its business. To name a few, it has entered into a joint venture with National Thermal Power Corporation Ltd., Damodar Valley Corporation, TATA Steel and M/s Jaiprakash Associates Ltd.
Steel Authority of India Ltd holds several subsidiaries like NSPCL (NTPC - SAIL Power Company Limited), SAIL Refractory Company Limited and many more.
SERVICES
Steel Authority of India Ltd has an expansive range of products which they offer to their clients
MILESTONES
1978 - Indian Iron & Steel Company (IISCO) was taken over as a subsidiary company by the steel authority of India limited. And in 1989, Visvesvaraya Iron & Steel Plant (VISL) was added to the family of SAIL as another subsidiary.
In 1985 they started the production at the Meghahatuburu iron ore project, followed by the company becoming a Navratna company in 1997. In 2010, SAIL became a Maharatna company.
In 2018 Steel Authority of India Ltd introduced its latest NEX brand Parallel Flange Section, followed by new branded TMT bars SAIL SeQR in the fiscal year 2019.
During the fiscal year 2000, Steel Authority of India Ltd received a quality certification ISO(9001).
AWARDS AND RECOGNITIONS
The company received the prestigious Business world-FICCI-SEDF Corporate Social Responsibility Award.
The establishment was honoured with the MoU Excellence Award for the year 2010-11 for the 9th consecutive year.
SAIL grabbed a trophy for commendable contribution in CSR & Sustainability.
SAIL Bhilai Steel Plant received the National Energy Conservation Award.
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