Steel Authority of India Limited (SAIL)
Steel Authority of India Limited (SAIL) is an Indian state-owned steel making company based in New Delhi, India. It is a Public Sector Undertaking (PSU), owned and operated by the Government of India with an annual turnover of Rs 66,267 crore for the fiscal year 2018-19. The company was incorporated on January 24, 1974. SAIL has 69,808 employees (as of Feb - 2020). With an annual production of 16.30 million metric tons, SAIL is the 20th largest steel producer in the world and the third-largest in India. 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. Anil Kumar Chaudhary is the current Chairman of SAIL.
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 ferroalloy plant at Chandrapur. As a part of its global ambition, the company is undergoing a massive expansion and modernisation programme involving upgrading and building new facilities with an emphasis on the state of the art green technology. According to a recent survey, SAIL is one of India's fastest growing Public Sector Units (PSU). Besides, it has a Research and Development Centre for Iron and Steel (RDCIS), centre for Engineering in Ranchi, Jharkhand.