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Steel Authority of India Limited

 

Steel Authority of India Limited (SAIL) is the leading steel-making company in India. It is a fully integrated iron and steel maker, producing both basic and special steels for domestic construction, engineering, power, railway, automotive and defence industries and for sale in export markets. SAIL is also among the seven Maharatnas of the country's Central Public Sector Enterprises.

Steel Authority of India Limited manufactures and sells a broad range of steel products, including hot and cold rolled sheets and coils, galvanised sheets, electrical sheets, structurals, railway products, plates, bars and rods, stainless steel and other alloy steels. 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, including the Company's iron ore, limestone and dolomite mines. The company has the distinction of being India’s second largest producer of iron ore and of having the country’s second largest mines network. This gives SAIL a competitive edge in terms of captive availability of iron ore, limestone, and dolomite which are inputs for steel making.

SAIL's wide ranges of long and flat steel products are much in demand in the domestic as well as the international market. This vital responsibility is carried out by SAIL's own Central Marketing Organisation (CMO) that transacts business through its network of 37 Branch Sales Offices spread across the four regions, 25 Departmental Warehouses, 42 Consignment Agents and 27 Customer Contact Offices. CMO’s domestic marketing effort is supplemented by its ever widening network of rural dealers who meet the demands of the smallest customers in the remotest corners of the country. With the total number of dealers over 2000 , SAIL's wide marketing spread ensures availability of quality steel in virtually all the districts of the country.

SAIL's International Trade Division ( ITD), in New Delhi- an ISO 9001:2000 accredited unit of CMO, undertakes exports of Mild Steel products and Pig Iron from SAIL’s five integrated steel plants.
With technical and managerial expertise and know-how in steel making gained over four decades, SAIL's Consultancy Division (SAILCON) at New Delhi offers services and consultancy to clients world-wide.

SAIL has a well-equipped Research and Development Centre for Iron and Steel (RDCIS) at Ranchi which helps to produce quality steel and develop new technologies for the steel industry. Besides, SAIL has its own in-house Centre for Engineering and Technology (CET), Management Training Institute (MTI) and Safety Organisation at Ranchi. Our captive mines are under the control of the Raw Materials Division in Kolkata. The Environment Management Division and Growth Division of SAIL operate from their headquarters in Kolkata. Almost all our plants and major units are ISO Certified.

MAJOR UNITS

INTEGRATED STEEL PLANTS

  • Bhilai Steel Plant (BSP) in Chhattisgarh
  • Durgapur Steel Plant (DSP) in West Bengal
  • Rourkela Steel Plant (RSP) in Orissa
  • Bokaro Steel Plant (BSL) in Jharkhand
  • IISCO Steel Plant (ISP) in West Bengal

SPECIAL STEEL PLANTS

  • Alloy Steels Plants (ASP) in West Bengal
  • Salem Steel Plant (SSP) in Tamil Nadu
  • Visvesvaraya Iron and Steel Plant (VISL) in Karnataka

FERRO ALLOY PLANT

Chandrapur Ferro Alloy Plant

SUBSIDIARY

SAIL Refractory Company Limited

JOINT VENTURES

  • NTPC SAIL Power Company Pvt. Limited (NSPCL)
  • Bokaro Power Supply Company Pvt. Limited (BPSCL)
  • SAIL-Bansal Service Centre Limited
  • Bhilai JP Cement Limited
  • Bokaro JP Cement Limited
  • SAIL & MOIL Ferro Alloys (Pvt.) Limited
  • S & T Mining Company Pvt. Limited
  • International Coal Ventures Private Limited
  • SAIL SCI Shipping Pvt. Limited
  • SAIL RITES Bengal Wagon Industry Pvt. Limited
  • SAIL SCL Limited

OWNERSHIP AND MANAGEMENT

The Government of India owns about 80% 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.

MODERNISATION AND EXPANSION

SAIL, is in the process of modernizing and expanding its production units, raw material resources and other facilities to maintain its dominant position in the Indian steel market. The objective is to enhance the production capacity to 23.46 MTPA of Hot Metal from the installed production capacity of 13.8 MTPA.
Orders for all major packages across all the Plants have been placed and these packages are at advanced stages of implementation.
Expansion of Salem Steel Plant has been completed in Sep’10 and the facilities are in regular operation.
Expansion of Salem Steel Plant has been completed in Sep’10 and the facilities are in regular operation. In other Plants, most of the linked facilities have been completed and also the units in primary area like Raw Material Handling Systems, Coke Oven Batteries, Sinter Plants and a Country’s Largest Blast Furnace have been completed. One Continuous Casting Machine and Rolling Mill Unit has also been completed. Further Hot Trials in another Continuous Casting Machine have also started. The execution of rest of the Projects under Modernisation & Expansion Plan is being done with full momentum and is expected to be completed by 2014-15.

OWNERSHIP AND MANAGEMENT

  • 100% production of steel through Basic Oxygen Furnace (BOF) route
  • 100% processing of steel through continuous casting
  • Value addition by reduction of semi-finished steel
  • Auxiliary fuel injection system in all the Blast Furnaces
  • State-of-art process control computerization / automation
  • State-of-art online testing and quality control
  • Energy saving schemes
  • Secondary refining
  • Adherence to environment norms

PRODUCTION TARGET

The production target of hot metal, crude steel and saleable steel after Expansion is indicated below:

Item

Base Case (2006-07 Actual)

After Expansion

(Million tonne /Annum)

Hot Metal

13.8

23.46

Crude Steel

12.8

21.40

Saleable Steel

11.1

20.23

(Figures in bracket indicate capacity after implementation of ongoing phase of modernisation and expansion to be completed by 2012-13)

MODERNISATION AND EXPANSION

CAPITAL EXPENDITURE

Amount spent on Expansion Plan and other Capital Schemes of SAIL (incl. subsidiary) during last 7 years are as follows:

Year

Amount (US$ billion)

2010-11

1.88

2011-12

1.84

2012-13

1.62

2013-14

1.49

2014-15

1.03

FINANCIALS

Market Capitalization: US$ 3.03 billion

(All figures in US$ billion)
Year

2010-11

2011-12

2012-13

2013-14

2014-15

Revenues (Turnover)

7.48

8.39

8.23

7.82

7.64

EBITDA (Gross Margin)

1.51

1.28

0.94

0.75

0.84

Net Income (Profit after tax)

0.82

0.59

0.36

0.39

0.32

Net Worth

6.18

6.64

6.84

6.44

6.56