BNET Industries
Last Fiscal Year Sales:$7.7B
- Public
- IN
Dow Jones Description
It's smooth SAILing with the Steel Authority. Founded in 1954 and based in New Delhi, India, Steel Authority of India Limited (SAIL) (Mumbai: 500113) is the country's top steelmaker. The company has revenue of about $7.7 billion and employs almost 130,000 people. It 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. In addition, it makes other non-steel products such as ferro alloys, coal-based chemicals, tar products, and fertilizers. The company produces product for domestic construction, engineering, power, railway, automotive and defense industries. The Government of India owns about 86% of SAIL's equity and retains voting control of the Company. However, SAIL, by virtue of its 'Navratna' status, enjoys significant operational and financial autonomy.
Number of Employees 131,910
Peer Companies
NAICS Code Steel Foundries (except Investment): 331513
Recent Events
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Steel Authority, NMDC to develop limestone mine in Himachal
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STEEL AUTHORITY OF INDIA'S Q2 NET PROFIT AT US$354 MLN
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India:Steel Authority of India open to partnering with NMDC for proposed Karnataka plant
News & Analysis
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steel authority of india ltd. - All News and Analysis
Steel Authority of India net grows 124%.
- 2007-01-30
Jan. 30--NEW DELHI -- Steel Authority of India SAIL reported a 124.2 percent growth in net profit to Rs 1471.2 crore in the third quarter (October-December) of current fiscal over the corresponding period of the previous fiscal. The Q3 performance helped the company achieve...
INDIA: Joint venture construction plans for proposed 2 million ton per year cement plant, JAIPRAKASH ASSOCIATES & STEEL AUTHORITY OF INDIA LTD. (SAIL) [India] Order #: 083306.
- 2006-08-01
PROJECT OVERVIEW An Indian joint venture was recently established in view of building a new cement plant in the state of Chattisgarh, India. The partners in the planned undertaking and their respective shareholdings include JAIPRAKASH ASSOCIATES (74%) and STELL AUTHORITY OF INDIA LTD....
INDIA: Joint venture development plans for proposed coal mining project include acquisition of long wall equipment, STEEL AUTHORITY OF INDIA LTD. (SAIL) & BHARAT COKING COAL LTD. (BCCL) [India] Order #: 064906.
- 2006-06-01
PROJECT OVERVIEW An Indian joint venture recently signed a memorandum of understanding MOU regarding the development of the 16 top seam of the Moonidih coalmine in Jharkhand, India. The partners in the planned undertaking include STEEL AUTHORITY OF INDIA LTD. SAIL and BHARAT...
INDIA: Construction plans for proposed $180,000,000 steel plant revival project, STEEL AUTHORITY OF INDIA LTD. (SAIL) [India] Project #: 030606.
- 2006-03-01
PROJECT OVERVIEW: The local STEEL AUTHORITY OF INDIA LTD. SAIL is currently involved in implementing its 2005-2012 corporate development plan. In so doing, the company is planning to invest $180,000,000 for the revival of its ailing INDIAN & IRON STEEL CO. IISCO subsidiary...
Steel Authority of India plants in need of three new MDs.
- 2006-02-03
Byline: Rakhi Mazumdar Feb. 3--KOLKATA, India -- The steel ministry seems to be dragging its feet over appointment of managing directors for three integrated steel plants of Steel Authority of India SAIL. With the retirement of UP Singh, MD of Bokaro Steel...
INDIA: Joint venture construction plans for proposed 1 million ton per year coking coal mines, STEEL AUTHORITY OF INDIA LTD. (SAIL) & BHARAT COKING COAL LTD. (BCCL) [India] Order #: 107405.
- 2005-10-01
PROJECT OVERVIEW: The local STEEL AUTHORITY OF INDIA SAIL is now involved in a big expansion plan that is aimed at increasing its production capacity to 20 million tons per year of steel by 2011/12. As a result, SAIL recently initiated a dialogue...
INDIA: Construction plans for proposed $650,000,000 steel plant expansion project, STEEL AUTHORITY OF INDIA (SAIL) [India] Order #: 093905.
- 2005-09-01
PROJECT OVERVIEW: The state-owned STEEL AUTHORITY OF INDIA SAIL is currently gearing-up to undertake a $650,000,000 expansion of its Durgapur steel plant. The planned upgrade project will reportedly include the installation of: - A ladle furnace; - A bloom caster; - 2 medium...
INDIA: Joint venture construction plan for proposed $575,000,000 cement and power plant, STEEL AUTHORITY OF INDIA LTD. (SAIL) & DAMODAR VALLEY CORP. (DVC) [India] - Order #: 071105.
- 2005-07-01
PROJECT OVERVIEW: The local STEEL AUTHORITY OF INDIA LTD. SAIL is currently planning to set up 2 new businesses in collaboration with venture partners at is Bokaro Steel Plant BSP. The estimated total cost of the projects has been established at $575,000,000. ...
INDIA: Joint venture construction plan for proposed 25.5 B rs cement and power plant, STEEL AUTHORITY OF INDIA LTD. (SAIL) & DAMODAR VALLEY CORP. (DVC) [India] - Order #: 071105.
- 2005-07-01
PROJECT OVERVIEW: The local STEEL AUTHORITY OF INDIA LTD. SAIL is currently planning to set up 2 new businesses in collaboration with venture partners at is Bokaro Steel Plant BSP. The estimated total cost of the projects has been established at $ ...
INDIA: Joint venture construction plan for proposed $585,000,000 cement and power plant, STEEL AUTHORITY OF INDIA LTD. (SAIL) & DAMODAR VALLEY CORP. (DVC) [India] - Order #: 071105.
- 2005-07-01
PROJECT OVERVIEW: The local STEEL AUTHORITY OF INDIA LTD. SAIL is currently planning to set up 2 new businesses in collaboration with venture partners at is Bokaro Steel Plant BSP. The estimated total cost of the projects has been established at $585,000,000. ...
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