of india limited native name type central govt . organisation public sector undertakings in india traded as nse sail bse 500113 lse saud industry steel founded 19 january 1954 19 january 1954 headquarters new delhi india 1 key people p.k. singh chairman 2 products steel flat steel products long steel products wire products wheel & axle for indian railways plates revenue 50 627 crore us 7.5 billion fy2014 15 3 4 net income 2 093 crore us 310 million fy2014 15 3 total assets 99 326 crore us 15 billion fy2014 15 3 total equity 41 306 crore us 6.1 billion fy2014 15 3 number of employees 93 352 as on 31 march 2015 website www.sail.co.in steel authority of india limited sail is one of the largest state owned steel making company based in new delhi india and one of the top steel makers in world . with an annual turnover of 43 337 crore us 6.4 billion fy 2015 16 . it is a public sector undertaking which trades publicly in the market is largely owned by government of india and acts like an operating company . incorporated on 24 january 1973 sail has 93 352 employees as of 31 mar 2015 . 3 with an annual production of 13.9 million metric tons sail is the 24th largest steel producer in the world . 5 the hot metal capacity of the company will further increase and is expected to reach a level of 23.5 million tonnes per annum by the end of the financial year 2015 16 . p.k singh is the current chairman of sail . sail operates and owns 5 integrated steel plants at bhilai rourkela durgapur bokaro and burnpur and 3 special steel plants at salem durgapur and bhadravathi . it also owns a ferro alloy plant at chandrapur . as part of its global ambition the company is undergoing a massive expansion and modernisation programme involving upgrading and building new facilities with emphasis on state of the art green technology . sail is a public sector company owned and operated by the government of india . according to a recent survey sail is one of india s fastest growing public sector units . besides it has r & d centre for iron & steel rdcis centre for engineering and technology cet management training institute mti and sail safety organisation sso located at ranchi capital of jharkhand . contents 1 history 1.1 1959 1973 1.2 holding company 2 major units 3 central units 4 joint ventures 4.1 ntpc sail power company limited nspcl 4.2 bokaro power supply company pvt. limited bpscl 4.3 mjunction services limited 4.4 bhilai jp cement ltd 4.5 bokaro jp cement ltd 4.6 sail & moil ferro alloys pvt. limited 4.7 s & t mining company pvt. ltd 4.8 international coal ventures pvt. limited 4.9 development of hajigak iron ore mines in afghanistan 4.10 development of mines through outsourcing 4.11 sail scl limited 4.12 international coal ventures private limited 4.13 sail rites bengal alloy casting pvt. limited 5 ownership and management 6 operations 7 achievements 8 future plans 9 see also 10 references 11 external links history edit 1959 1973 edit sail traces its origin to the hindustan steel limited hsl which was set up on 19th january 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 and steel ministry . from april 1957 the supervision and control of these two steel plants were also transferred to hindustan steel . the registered office was originally in new delhi . it moved to calcutta in july 1956 and ultimately to ranchi in december 1959 . a new steel company bokaro steel limited bokaro steel plant was incorporated on 29 january 1964 6 7 to construct and operate the steel plant at bokaro . the 1 mt phases of bhilai and rourkela steel plants were completed by the end of december 1961 . the 1 mt phase of durgapur steel plant was completed in january 1962 after commissioning of the wheel and axle plant . the crude steel production of hsl went up from 1.58 mt 1959 60 to 1.6 mt. the second phase of bhilai steel plant was completed in september 1967 after commissioning of the wire rod mill . the last unit of the 1.8 mt phase of rourkela the tandem mill was commissioned in february 1968 and the 1.6 mt stage of durgapur steel plant was completed in august 1969 after commissioning of the furnace in sms . thus with the completion of the 2.5 mt stage at bhilai 1.8 mt at rourkela and 1.6 mt at durgapur the total crude steel production capacity of hsl was raised to 3.7 mt in 1968 69 and subsequently to 4 mt in 1972 73 . 8 iisco was taken over as a subsidiary in 1978 and later merged in 2006 . holding company edit the ministry of steel and mines drafted a policy statement to evolve a new model for managing industry . the policy statement was presented to the parliament on 2 december 1972 . on this basis 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 24 january 1973 with an authorised capital of 2 000 crore us 300 million 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 . in 1978 sail was restructured as an operating company . 8 major units edit sail integrated plants durgapur steel plant rourkela steel plant rsp in odisha set up with german collaboration the first integrated steel plant in the public sector in india 1959 bhilai steel plant bsp in chhattisgarh set up with soviet collaboration 1959 durgapur steel plant dsp at durgapur west bengal set up with british collaboration 1965 bokaro steel plant bsl in jharkhand 1965 set up with soviet collaboration the plant is hailed as the country s first swadeshi steel plant built with maximum indigenous content in terms of equipment material and know how iisco steel plant isp at burnpur in asansol west bengal special steel plants alloy steels plants asp durgapur west bengal salem steel plant ssp tamil nadu visvesvaraya iron and steel limited visl at bhadravathi karnataka ferro alloy plant chandrapur ferro alloy plant cfp in maharashtra central units edit centre for engineering and technology research and development centre for iron and steel sail consultancy organisation 9 environment management division 10 joint ventures edit ntpc sail power company limited nspcl edit a 50 50 joint venture between steel authority of india ltd. sail and national thermal power corporation ltd. ntpc ltd. . it manages the captive power plants at rourkela durgapur and bhilai with a combined capacity of 314 mw . it has installed additional capacity by implementation of 500 mw 2 x 250 mw units power plant at bhilai . the commercial generation of 1st unit has commenced in april 2009 and the 2nd unit in october 2009 . nspcl rourkela 2 x 60 mw nspcl durgapur 2 x 60 mw nspcl bhilai 2 x 30 mw 1 x 14 mw during fy2013 14 nspcl generated 6156.091 mu of electricity with a plf of 86.33 % bokaro power supply company pvt. limited bpscl edit this 50 50 joint venture between sail and the damodar valley corporation formed in january 2002 is managing the 302 mw power generating station and 660 tonnes per hour steam generation facilities at bokaro steel plant . bpscl has proposed to expand its capacity by installing 2x250 mw coal based thermal unit at bokaro . in addition the company has recently added 9th unit of 300tph capacity boiler and 38.5 mw back pressure turbo generator . the unit has been successfully commissioned by alstom . mjunction services limited edit mjunction services limited operating in information technology and the internet is a 50 50 venture promoted by sail and tata steel . founded in february 2001 it is today not only india s largest ecommerce company having etransacted worth over rs . 900 billion till date but also runs the world s largest emarketplace for steel . 11 bhilai jp cement ltd edit sail has incorporated a joint venture company with m s jaiprakash associates ltd to set up a 2.2 mt slag based cement plant at bhilai . the company shall commence cement production at bhilai by march 2010 whereas clinker production at satna shall start within 2009 . bokaro jp cement ltd edit sail has incorporated another joint venture company with m s jaiprakash associates ltd to set up a 2.1 mt cement plant at bokaro utilising slag from bsl . the project implementation is under progress with commencement of cement production likely by july 2011 . bokaro jaypee cement plant opening ceremony was held by the chief minister of jharkhand shri . arjun munda in 2012 . sail & moil ferro alloys pvt. limited edit sail has incorporated a joint venture company with manganese ore india ltd on 50 50 basis to produce ferro manganese and silico manganese required for production of steel . s & t mining company pvt. ltd edit 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 pvt. limited edit international coal ventures private limited is a special purpose vehicle set up to achieve 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 . development of hajigak iron ore mines in afghanistan edit a consortium comprising state owned nmdc and rinl and private sector steel players jsw jsw ispat jindal steel and power and monnet ispat and energy and led by sail plan to invest usd 75 million in first phase for the development of hajigak iron ore mines in afghanistan . the consortium in november 2011 had won the mining rights for three iron ore mines which are said to contain 1.28 billion tonnes of rich reserves . 12 development of mines through outsourcing edit sail has decided to outsource development of two virgin iron ore mines at rowghat in chhattisgarh and chiria in jharkhand with an annual capacity of 14 and 15 million tonnes respectively . the development of each mine is likely to cost between 1 000 crore us 150 million 1 200 crore us 180 million . 13 sail scl limited edit a 50 50 jv with government of kerala where sail has management control to revive the existing facilities at steel complex ltd calicut and also to set up develop and manage a tmt rolling mill of 65 000 mt capacity along with balancing facilities and auxiliaries . 14 international coal ventures private limited edit icvl is a joint venture of five companies owned by the indian government . aside from steel authority of india limited the other venturers are coal india rashtriya ispat nigam national minerals development corporation and national thermal power corporation . icvl acquired a 65 percent stake in the benga coal mine from the rio tinto group in july 2014 . 15 sail rites bengal alloy casting pvt. limited edit sail has signed a 50 50 joint venture with burn standard company limited for setting up a wagon components manufacturing facility at jellingham in west bengal s purba medinipur district . the total investment for this project would be 210 crore us 31 million in west bengal and commercial production would begin from 2014 . 16 17 18