SAIL (Steel Authority of India Ltd)

Steel

HQ Location New Delhi, India
Market Capitalization 625.87 bil INR (Jan 26)
Date Joined June 2024
indian flag 4872723 1280
Image by Avinash Mishra from Pixabay

The Steel Authority of India Limited (SAIL) is India’s largest  government-owned steel producer, with an annual production of 19 million tonnes of crude steel from five integrated steel plants.

The Steel Authority of India Ltd (SAIL) was established in 1973, tracing its origin to Hindustan Steel Limited which was set up in 1954. The company is designated a Public Sector Undertaking, with the Government of India owning about 65% of SAIL’s equity. It is under the administrative control of the Ministry of Steel, while enjoying significant operational and financial autonomy.

SAIL has around 50,000 employees and operates and owns five integrated steel plants as well as a ferro alloy plant and an R&D Centre for Iron and Steel.

SAIL is embedding sustainability into every aspect of its operations. It’s R&D Centre is pursuing transformative and future-ready initiatives aimed at decarbonizing steelmaking. Key focus areas include the adoption of non-fossil fuel energy sources, advanced coal drying technologies and development of industrial-scale Carbon Capture, Utilisation and Storage (CCUS) solutions. SAIL has partnered with many organizations in the areas of breakthrough technology development such as injection of alternate fuel in blast furnaces and CCUS.

Member's thoughts

By joining LeadIT, SAIL will bring a wealth of experience and commitment to sustainable practices in the steel industry. SAIL is confident of contributing to the global efforts to develop and establish innovative technology to drive effective changes in the steel industry along with transition to green technology. SAIL is committed to join hands to lead the global decarbonization efforts.

Amarendu Prakash

Amarendu Prakash

SAIL Chairman