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STEEL AUTHORITY OF INDIA LIMITED
STEEL AUTHORITY OF INDIA LIMITED [SAIL]
Master of Commerce Banking & Finance (Part 1) UNIVERSITY OF MUMBAI (Semester I) 2013-14
Submitted By
Mr. PRASHANT SANTOSH SHINDE Roll No. 53
S.K SOMAIYA COLLEGE OF ARTS, SCIENCE & COMMERCE VIDYANAGAR, VIDYAVIHAR MUMBAI-400077
PROJECT ON
STEEL AUTHORITY OF INDIA LIMITED [SAIL]

MASTER OF COMMERCE BANKING & FINANCE (PART 1)
SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF THE DEGREE OF MASTER OF COMMERCE
Roll No 53
BANKING & FINANCE (PART 1)
Submitted By:
Mr. PRASHANT SANTOSH SHINDE

Mumbai University 2013-2014 S.K. SOMAIYA COLLEGE OF ARTS, SCIENCE & COMMERCE VIDYANAGAR, VIDYAVIHAR MUMBAI - 400077
CERTIFICATE
This is to certify that the project STEEL AUTHORITY OF INDIA LIMITED [SAIL] by Mr. PRASHANT SANTOSH SHINDE, Roll No.53, completed in partial fulfillment of M.Com.Banking & Finance (Part1) Semester I Examination during the academic year 2013-14 has been found satisfactory. This report has not been submitted for any other examination and does not form part of any other course undergone by the candidate.
Project guide/Internal examiner (Dr.V.C. Hari Narayanan)
________________ Principal ________________ Vice principal
_________________ External Examiner
___________________ Course co-ordinator
Date: -
___________ College seal
DECLARATION
I, Mr. PRASHANT SANTOSH SHINDE, student of M.Com (Banking & Finance: Part 1) Semester I, Roll No.53 , hereby declare that this Project Report entitled STEEL AUTHORITY OF INDIA LIMITED [SAIL] is being submitted as a partial fulfillment of the course, which is a necessary requirement to pass the Semester I examination. I further declare that the report is the output of my personal research and all the information contained herein is correct to the best of my knowledge.
Date: 24th September, 2013 Place:Vidyavihar
Signature of student (PRASHANT S. SHINDE)
ACKNOWLEDGEMENT
I would like to express my sincere gratitude to Principal Dr.Sangeeta Kohli for her constant encouragement and support during the completion of the project. I also take this opportunity to thank Prof. Dr.V.C. Hari Narayanan without whose encouragement & help, this project would not have been possible. A special mention to all those websites for providing me with the required information about sugar industry and its impact. Finally, I would like to thank all those people who have directly and indirectly helped me during the course of this project.
EXECUTIVE SUMMARY
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 a turnover of INR 486.81 billion (US$7.4 billion), the company is among the top five highest profit earning corporates of the country (source?). 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 more than 100,000 employees. During 201011, the manpower of SAIL reached a level of 110794 (as on 31 March 2011) from 116950 (as on 1.4.2010) The company's current chairman is C.S Verma. With an annual production of 13.5 million metric tons, SAIL is the 14th largest steel producer in the world.Major plants owned by SAIL are located at Bhilai, Bokaro, Durgapur, Rourkela, Burnpur (near Asansol) and Salem.SAIL is investing Rs 210 billion in West Bengal, to set up a wagon factory.[3] 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 Organization (SSO) located at Ranchi capital of Jharkhand
About the Ownersip of the Company, We can say that, The Government of India owns about 86% of SAIL's equity and retains voting control of the Company. The SAIL engaged in various Joint Ventures also. namely, SAIL-Bansal Service Center Ltd.,NTPC SAIL Power Company Pvt. Ltd (NSPCL), Bokaro Power Supply Company Pvt. Limited (BPSCL) , Mjunction Services Limited, Bhilai JP Cement Ltd., Bokaro JP Cement Ltd., SAIL & MOIL Ferro Alloys (Pvt.) Limited, S&T Mining Company Pvt. Ltd., International Coal Ventures Private Limited.
INDEX
Sr. No.
1. 2. 3. 4. 5.
DESCRIPTION
DESIGN OF STUDY INTRODUCTION HISTORY OF SAIL VISION & STATEMENT MANAGEMENT TEAM & DIRECTORS
Pg. no.
9-10 11-13 14-15 16 17-18
6. 7. 8. 9. 10. 11. 12. 13. 14.
FINANCIAL SCENERIO INTEGRATED PLANTS SPECIAL PLANTS CURRENT PROJECTS SWOT ANALYSIS JOINT VENTURES FUTURE OUTLOOK CONCLUSIONS BIBLOGRAPHY
19 20-32 33-39 40-41 42-45 46-47 48-50 51 52
DESIGN OF STUDY
OBJECTIVE OF THE STUDY:
The study aims to achieve the following objectives: To determine the progress of the company and to ascertain the future prospects of the company. To find out the level of activity or the operating efficiency of the company. To measure the liquidity or the short-term solvency and to indicate whether the company will be able to meet the short-term obligations out of its resources. To ascertain the working capital requirement of the company. To study the extent of influence of different factors on size of working capital.
SCOPE OF THE STUDY:

This study has a wider scope to cover components and determinants of capital, sources and types of working capital, components of capital management such as cash, receivables and inventory. Financial analysis which covers using different tools of ratios.
METHODOLOGY:
No study is completed until a proper method is adopted. The level of any systematic research depends upon collection of data by keenly observing the existing conditions, classification and interpretation of data and at the end formation and generalization and conclusion. The research design should be such that it maximizes reliability of the evidence collected. The data required for the preparation of financial statement analysis and working capital management was collected through Primary and Secondary data.
Sources of Data:
This includes information relating too Annual reports. Company brouchers, magazines, periodical reports. Balance sheets, profit and loss accounts. Published text books. Internet.
INTRODUCTION
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 defense industries and for sale in export markets. Ranked amongst the top ten public sector companies in India in terms of turnover, SAIL manufactures and sells a broad range of steel products, including hot and cold rolled sheets and coils, galvanized 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 Indias largest producer of iron ore and of having the countrys 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 range of long and flat steel products is much in demand in the domestic as well as the international market. This vital responsibility is carried out by SAIL's own Central Marketing Organization (CMO) and the International Trade Division. CMO encompasses a wide network of 37 branch offices and 25 departmental Warehouses located in major cities and towns throughout India. 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 Organization 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.
Structure of Indian steel industry

India has emerged as the 3rd largest exporter of iron ore behind Brazil and Australia. India stands in top 10 countries in producing steel in the world. But its global trade only accounts for only 2% of the global steel trade. The domestic steel industry reported rapid growth during the period between 2003-04 and 2007-08, and steel producers responded positively to this by announcing large Greenfield or Brownfield expansion projects. Almost all domestic steel companies, along with some international majors, have announced large expansion projects. While some of the projects are likely to be deferred or shelved, the capital expenditure for the industry would still be large, given the high capital intensity of steel projects. The last decade of the twentieth century will go down as one of the most turbulent phases for Indian steel industry. The period witnessed sweeping changes in the steel arena, transformation of self contained national markets into linked global markets and consequent fierce competition; oversupply of most kinds of steel resulting in no real appreciation of steel prices and simultaneous rise in input cost; and most importantly, rise in customer expectations. The profitability of Indian steel companies has improved in 2009-10 on a quarter-on-quarter basis. Besides a somewhat improving steel price scenario, a significant softening of iron ore and coking coal prices has also contributed to this improvement. India with its abundant availability of high grade iron ore, the requisite technical base and cheap skilled labor is thus well placed for the development of steel industry and to provide a strong manufacturing base for the metallurgical industries. Companies in more mature industrial countries like India are increasingly forced to look to assets (and growth) by setting up production operations (steel factories) in key
developing economies that places then close to natural resource supplies (both in terms of inputs and energy). Recent years have witnessed unprecedented turmoil in the global steel market. The crisis in the international steel market might be attributed to the misbalance between capacity, demand and production and consequent drop in prices.
History
1959-1973 SAIL traces its origin to the Hindustan Steel Limited (HSL) which was set up on January 19, 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, was incorporated in January 1964 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 4MT in 1972-73. 1973-present 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 December 2, 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 January 24, 1973 with an authorized capital of Rs. 2000 crore, 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.
Since its inception, SAIL has been instrumental in laying a sound infrastructure for the industrial development of the country. Besides, it has immensely contributed to the development of technical and managerial expertise. It has triggered the secondary and tertiary waves of economic growth by continuously providing the inputs for the consuming industry. SAIL today is one of the largest industrial entities in India. Its strength has been the diversified range of quality steel products catering to the domestic, as well as the export markets and a large pool of technical and professional expertise.
VISION OF SAIL
To be a respected world Class Corporation and the leader in Indian steel business in quality, productivity, profitability and customer satisfaction.
Statement of belief
SAIL build lasting relationships with customers based on trust and mutual benefit. SAIL uphold highest ethical standards in conduct of our business. SAIL create and nurture a culture that supports flexibility, learning and is proactive to change. SAIL chart a challenging career for employees with opportunities for advancement and rewards. SAIL value the opportunity and responsibility to make a meaningful difference in people's lives.
Objective of Expansion Plan of SAIL

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
Management Team & Board of Directors

Mr. C S Verma - Chairman Mr. S N Singh - Managing Director Mr. P K Bajaj - Managing Director Mr. A K Pandey - Executive Director Mr. S Machendra Nathan - Government Director Mr. G Elias - Government Director Mr. Anil Kumar Chaudhary - Finance Director Mr. Soiles Bhattacharya - Finance Director Mr. H S Pati - Director [Personnel] Mr. T S Suresh - Director [Projects] Mr. V K Gulhati - Director [Technical] Mr. S S Ahmed - Director [Commercial] Mr. Sujit Banerjee - Independent Director Mr. S SMohanty - Director [Technical & Commercial]
Ownership and Management

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.
GENERAL PLANT OPERATIONS IN SAIL : 1. RAW MATERIAL HANDLING PLANT 2. COKE OVENS AND COAL CHEMICALS 3. SINTER PLANT 4. BLAST FURNACE 5. STEEL MAKING 6. ROLLING MILLS 7. GENERAL MECHANICAL MAINTENANCE 8. HYDRAULICS 9. ELECTRICAL AND ELECTRONICS 10.CONTINUOUS CASTING PLANT 11.BLOOMING MILL 12.BILLENT MILL 13.SECTION MILL 14.MERCHANT MILL 15.SKELP MILL 16.WHEEL AND AXEL PLANT
FINANCIAL SCENERIO OF SAIL

BALANCE SHEET STATISTICS [in crores]
Total share capital: Net worth : Total Debt : Net Block : Investments : Net Current Assets : 4,130.53 41,024.64 21,500.57 16,777.40 718.36 9,138.60
INCOME STATEMENT STATISTICS [in crores]

Net Sales : Other Income : PBDIT : Net Profits : 44,598.26 735.12 5,579.09 2,170.35
OTHER KEY STATISTICS : Shares : P/E Ratio : EPS (Rs.) : Revenue (Rs. Cr) : Face Value (Rs.) : Net Profit Margin (%) : Last Dividend (%) : Return on Average Equitity : 4,13,05,25,290 9.24 5.25 44,598.26 10.00 4.76 4.00 99.32
Major Units of SAIL

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 Chandrapur Ferro Alloy Plant Subsidiary
Bhilai Steel Plant (BSP) in Chhattisgarh

Ten - times winner of Prime Minister's Trophy for best Integrated Steel Plant in the country, Bhilai Steel Plant (BSP) is India's sole producer of rails and heavy steel plates and major producer of structural. The plant is the sole supplier of the country's longest rail tracks of 260 metres. With an annual production capacity of 3.153 MT of saleable steel, the plant also specializes in other products such as wire rods and merchant products. Since BSP is accredited with ISO 9001:2000 Quality Management System Standard, all saleable products of Bhilai Steel Plant come under the ISO umbrella.
At Bhilai IS0:14001 has been awarded for Environment Management System in the Plant, Township and Dalli Mines. It is the only steel plant to get certification in all these areas. The Plant is accredited with SA: 8000 certification for social accountability and the OHSAS-18001 certification for Occupational health and safety. These internationally recognised certifications add value to Bhilai's
products and helps create a place among the best organisations in the steel industry. Among the long list of national awards it has won, Bhilai has bagged the CII-ITC Sustainability award for three consecutive years.
PRODUCT MIX Semis Rail & Heavy structural Merchant Products (Angles, Channels, Round & TMT bars) Wire Rods (TMT, Plain & Ribbed) Plates (up to 3600 mm wide) Total Saleable steel
TONNES/ANNUM 5,33,000 7,50,000 5,00,000 4,20,000 9,50,000 31,53,000
Location :
Forty kms west of Raipur, the capital city of Chhattisgarh, along the HowrahMumbai railway line and the Great-Eastern highway, stands Bhilai Steel Plant (BSP).
Durgapur Steel Plant (DSP) in West Bengal

Set up in the late 50's with an initial annual capacity of one million tonnes of crude steel per year, the capacity of Durgapur Steel Plant (DSP) was later expanded to 1.6 million tonnes in the 70's. The modernized DSP now has state-of the-art technology for quality steel making. The modernized units have brought about improved productivity, substantial improvement in energy conservation and better quality products. DSPs Steel Making complex and the entire mills zone, comprising its Blooming & Billet Mill, Merchant Mill, Skelp Mill, Section Mill and Wheel & Axle Plant, are covered under ISO: 9002 quality assurance certification. With the successful commissioning of the modernized units, DSP is all set to produce 2.088 million tones of hot metal, 1.8 million tones of crude steel and 1.586 million tones of saleable steel annually.
Location :Situated at a distance of 158 km from Calcutta, its geographical location is defined as 230 27' North and 880 29' East. It is situated on the banks of the Damodar river. The Grand Trunk Road and the main Calcutta-Delhi railway line pass through Durgapur.
Product Mix :
PRODUCT MIX Merchant Products Structural Skelp Wheels & Axles Semis Total Saleable steel TONNES/ANNUM 2,80,000 2,07,000 1,80,000 58,000 8,61,000 15,86,000
Environment control :
Durgapur Steel Plant has always made relentless efforts to maintaining a healthy and clean environment. The units in DSP are provided with necessary pollution control facilities and the liquid effluents and chimney emissions from the plant are well within norms. DSP has undertaken massive afforestation to maintain clean environment. Some 3,266 acres of land have been covered with 14 lakh plantations. In order to develop healthy awareness about the environment amongst the younger generation, eco-clubs have been formed in DSP schools.
Centre for Human Resource Development :

DSP has always attached maximum importance on proper training and development of its employees. Its Centre for Human Resource Development has all modern facilities including the state-of-the-art Electrical and Electronics laboratory, Hydraulics and Pneumatics laboratory and workshop for effective training and development of its employees.
Communication:
The Public Relations Department publishes monthly house journals in English, Bengali and Hindi for extensive information of company affairs to the employees. DSP also has an in-house TV studio (DSTV) along with all modern facilities, which telecast news and a gamut of other programs covering various aspects of plant and township activities. Durgapur The Happening City: Durgapur, which is on the main Kolkata New Delhi line, is fast turning into the most happening city in the region. Quality consciousness has steeped in, accompanied with quality brands making their presence felt in the market. Durgapur is fast turning into the central location for the entire region with the entry of big business houses and entrepreneurs, the city is all set to undergo a change in its own lifestyle and in the outlook of its residents.
Rourkela Steel Plant

Rourkela Steel Plant (RSP), the first integrated steel plant in the public sector in India, was set up with German collaboration with an installed capacity of 1 million tonnes. Subsequently, its steel making capacity was enhanced to 1.9 million tonnes
The plant was modernised in the mid-1990s with a number of new units having state-of-the-art facilities. Most of the old units were also revamped for effecting substantial improvement in the quality of products, reducing cost and ensuring cleaner environment. RSP was the first plant in India to incorporate LD technology of steel making. It is also the first steel plant in SAIL and the only one presently where 100% of slabs are produced through the cost-effective and quality-centric continuous casting route. RSP presently has the capacity to produce 2 million tonnes of hot metal, 1.9 million tonnes of crude steel and 1.67 million tonnes of saleable steel. It is SAILs only plant that produces silicon steels for the power sector, high quality pipes for the oil & gas sector and tin plates for the packaging industry. Its wide and sophisticated product range includes various flat, tubular and coated products.
RSP is in the last leg of implementation of a massive modernisation and expansion project being implemented with capital investment of around of Rs 12,000 crores that will more than double its present capacity. Post expansion production plan (In Million Tonnes per annum) Item Hot Metal Crude Steel Saleable Steel Existing capacity 2.00 1.90 1.67 Post Expansion 4.5 4.2 3.9
Location :
Rourkela Steel Plant is located in the north-western tip of Orissa and at the heart of a rich mineral belt. Being situated on the Howrah-Mumbai rail mainline, Rourkela is very well connected with most of the important cities of India. The nearby airports are Ranchi (173 km), Bhubaneswar (378 km) and Kolkata (413 km). Rourkela also has an airstrip maintained by RSP.
Bokaro Steel Plant (BSL) in Jharkhand

Bokaro Steel Plant - the fourth integrated plant in the Public Sector - started taking shape in 1965 in collaboration with the Soviet Union. It was originally incorporated as a limited company on 29th January 1964, and was later merged with SAIL, first as a susidiary and then as a unit, through the Public Sector Iron & Steel Companies (Restructuring & Miscellaneous Provisions) Act 1978. The construction work started on 6th April 1968.
The Plant is hailed as the countrys first Swadeshi steel plant, built with maximum indigenous content in terms of equipment, material and know-how. Its first Blast Furnace started on 2nd October 1972 and the first phase of 1.7 MT ingot steel was completed on 26th February 1978 with the commissioning of the third Blast Furnace. All units of 4 MT stage have already been commissioned and the 90s' modernisation has further upgraded this to 4.5 MT of liquid steel. The new features added in modernisation of SMS-II include two twin-strand slab casters along with a Steel Refining Unit. The Steel Refining Unit was inaugurated on 19th September, 1997 and the Continuous Casting Machine on 25th April, 1998. The modernisation of the Hot Strip Mill saw addition of new features like high pressure de-scalers, work roll bending, hydraulic automatic gauge control, quick work roll change, laminar cooling etc. New walking beam reheating furnaces are replacing the less efficient pusher type furnaces.
A new hydraulic coiler has been added and two of the existing ones revamped. With the completion of Hot Strip Mill modernisation, Bokaro is producing top quality hot rolled products that are well accepted in the global market. Bokaro is designed to produce flat products like Hot Rolled Coils, Hot Rolled Plates, Hot Rolled Sheets, Cold Rolled Coils, Cold Rolled Sheets, Tin Mill Black Plates (TMBP) and Galvanised Plain and Corrugated (GP/GC) Sheets. Bokaro has provided a strong raw material base for a variety of modern engineering industries including automobile, pipe and tube, LPG cylinder, barrel and drum producing industries.
Location :
Bokaro Steel is working towards becoming a one-stop-shop for world-class flat steel in India. The modernisation plans are aimed at increasing the liquid steel production capacity, coupled with fresh rolling and coating facilities. The new facilities will be capable of producing the most premium grades required by the most discerning customer segments. Brand Bokaro will signify assured quality and delivery, offering value for money to the customers.
People - The moving force

Bokaro Steel values its people as the fulcrum of all organisational activities. The saga of Bokaro Steel is the story of Bokaroans erecting a gigantic plant in the wilderness of Chhotanagpur, reaching milestones one after another, staving off stiff challenges in the liberalised era, modernising its facilities and innovating their way to the top of the heap.
The Indian Iron & Steel Company (IISCO)

IISCO held the proud distinction of being the owner of Indias oldest unit producing pig iron by modern methods at Kulti on the banks of river Barakar near Hirapur. An open-top blast furnace set up in 1870 by a company known as Bengal Iron Works Co. (BIW) founded by James Erskine pioneered production of iron in India in 1875.
The same unit at Kulti also pioneered steel production in India through small open-hearth furnaces in 1904-06. BIW was absorbed by IISCO in 1936 and steel making started as a regular measure in 1939. Another company named Steel Corporation of Bengal (SCOB), incorporated in 1937, was also amalgamated with IISCO in 1952. SCOBs Napuria Works and IISCOs Hirapur Works in unison came to be known as the Burnpur Works of IISCO. The Burnpur Works underwent two overlapping expansion in 1953 and 1955, increasing its production capacity to 1 million tonnes of ingot steel and 0.8 million tonnes of saleable steel. As the flagship business enterprise of Martin Burn House, IISCO had acquired iron ore mines at Gua and Chiria in what is todays Jharkhand state and collieries in Chasnalla and Jitpur (also in Jharkhand) and Ramnagore (in Bengal). These captive sources of high quality raw materials gave IISCO a major competitive edge and enabled it to establish a prestigious reputation in domestic and foreign markets. It also became the first Indian blue chip company to have its shares traded at the London Stock Exchange. The Burnpur Works of IISCO reached its pinnacle of
performance during the 1960s and produced more than a million tonnes of ingot steel. Despite growth plans, however, a combination of factors drove the company into stagnation and decline, resulting in lack of investment for technology upgradation to meet emerging market competition. IISCO was nationalised in 1972 and became a wholly-owned subsidiary of SAIL in 1979. The Indian Iron & Steel Company (IISCO), a SAIL subsidiary, was amalgamated with SAIL on 16th February 2006 and renamed IISCO Steel Plant (ISP). This fullfledged integrated steel plant is one of Indias oldest. Established as an industrial enterprise in 1918, IISCO produced iron from an open-top blast furnace at Hirapur (later to be called Burnpur) in West Bengal for the first time in 1922. The plant was progressively upgraded to a capacity for production of 4.26 lakh tonnes of saleable steel and 2.54 lakh tonnes of pig iron annually. The plant manufactures a range of products, over some of which it holds exclusive market dominance. Iron & steel produced by it has been acknowledged as being of the finest quality. The plant is presently undergoing the final touches of a Rs. 16,480-crore modernisation-cum-expansion programme to raise its saleable steel capacity to 2.5 million tonnes per year.
Location:
Situated at a distance of about 200 kms from Kolkata in Burnpur on the banks of the perennial Damodar river in West Bengal, ISP is well connected by both South Eastern and Eastern Railways and National Highway 2. Its proximity to Kolkata and Haldia ports is an additional strength.
ISP's MODERNISATION & EXPANSION PLAN: Stages of Expansion / Facilities Added 1965: Plant Commissioned 50T Electric Arc Furnace (EAF): 2 x 18.75 MVA (Make: Daido Electrosmelt, Japan) Blooming & Billet Mill (900mm Blooming Mill, 700mm Billet Mill, 650mm Finishing stands) Forge Shop (1 x 2000 T Press; 1 x 5T & 1 x 2T Hammers) Conditioning Shop Bar Mill (operation suspended) Plate & Sheet Mill (3 Hi Plate Mill exists at present, Sheet Mill disposed off) Heat Treatment & Finishing Shop 1985: 1 st Stage Expansion 50T EAF: 1 x 25 MVA (Make: Technomashio Italiano Brown Boveri) 1988-1989: 2nd Stage Expansion 60T Vacuum Arc Degassing Unit (VAD) 60T Vacuum Oxygen Decarburising Unit (VOD) Continuous Casting Machine (Slab-cum-Twin Bloom Caster, Make: Mannesman Demag) 1998: Installation of 1 x 60 T Capacity Ladle Furnace 2007: New Facilities for Stainless Steel Making Replacement of the 25 MVA EAF#4 (Make: Danieli) Installation of 60 T capacity AOD Converter (Make: SMS Siemag) 2012: Augmentation of Stainless Steel Making Facilities Installation of 60 T capacity Ladle Furnace (Make: SMS Siemag)
Alloy Steels Plant

In order to make India self-reliant in alloy & special steels production, ASP was set up in January 1965 under Hindustan Steel Limited, now SAIL. Consultant for ASP was M/s MN Dastur & Co. Technology knowhow was from M/s Atlas Steels, Canada. Major equipment supplier was JASCON - a Japanese Consortium, while the Reheating Furnaces were supplied by Amco, Canada and Heat Treatment Furnaces supplied by Wellman Incandescent. ASP is located at Durgapur in Burdwan district of West Bengal around 175 KM from Kolkata, along the Howrah-Delhi Main Railway line & Grand Trunk Road (National Highway-2). It is spread over an area of around 4.67 Sq. KM (467.22 Hectare).
ASP has been selected as the site where the world's 2nd largest commercial iron nugget making plant of 0.5 MT capacity based on ITmk3 technology will be set up by SAIL-Kobe Iron India Pvt. Ltd. (SKIIPL), a 50:50 Joint Venture Company formed by SAIL with M/s Kobe Steel, Japan.
Quality Systems at ASP ISO-9001:2008 for entire plant ISO/TS-16949:2009 for auto grade products
Product Mix :
ASP has a diverse product portfolio of over 400 grades catering to critical enduse by strategic sectors like, Defence, Railways, Automobiles, Power Plants, Heavy Engineering & Manufacturing Indutries, including Steel Plants Product Rolled Round Cornered Square (RCS) Billets Rolled Round Cornered Square (RCS) Blooms Rolled Rounds Forged Squares Forged Rounds Plates (Non-Stainless Steel) Concast (CC) Slabs (Stainless / Non-Stn Steel) Size (mm) 75-152 160 - 340 75 - 205 100 - 550 100 - 625 5 - 40 thick 170 x 900-1300
ASP's product basket includes Carbon Constructional Steels, Alloy Constructional Steels (Ni bearing, Cr-Mo bearing & Cr-Ni-Mo bearing), Case Hardening Steels, Die Blocks, Creep Resistant Steels, Spring Steels & High Mn Steels (Hadfield). ASP manufactures high impact resistant steels (armour grade steels) for Defence application and special steels for Naval application. ASP also manufactures Stainless Steels (Austenitic, Ferritic & Martensitic), including colouring of stainless steel plates for decorative applications.
SAIL Refractory Company Limited
The Salem Refractory Unit of Burn Standard Company Limited (BSCL) became a wholly-owned subsidiary of SAIL w.e.f. December 16, 2011. The unit has now been renamed as SAIL Refractory Company Limited (SRCL). In 1976, the Government of India took over BSCL as a subsidiary of Bharat Bhari Udyog Nigam Limited under the administrative control of the Ministry of Heavy Industries. Soon after, BSCL underwent a modernisation & expansion programme in order to meet the growing demand of high quality basic refractories in the modern steel plants of SAIL and other private sector steel processors of nonferrous, cement and glass industries. Since refractory material is a critical input required for iron & steel plants based on the basic oxygen furnace route, SRCLs merger with SAIL is expected to go a long way in ensuring mutual benefit and growth. SRCL, located in Salem, Tamil Nadu, has an installed capacity of 1500 MT per month for production of calcined magnesite, 1200 MT for basic bricks, 500 MT for mag-carb bricks, 3000 MT for bulk & monolithics and 2000 MT for dunite. Endowed with 1718.3 acres of leasehold mining land spread over three locations, SRCLs estimated quantum of magnesite reserves is about 10 MT and about 9 MT of dunite. The open cast mines are adequately equipped with heavy earth moving machinery. SRCL has a workforce of 315 skilled employees.
Products:

Magnesite bricks Magnesite-chrome bricks Chrome-magnesite bricks Magnesite-carbon bricks Bulk & monolithics Dunite & dunite fractions Ground calcined magnesite
Surrounded by greenery, the SRCL township boasts of advanced recreational and community facilities for its residents.
Chandrapur Ferro Alloy Plant

Chandrapur Ferro Alloy Plant, (CFP) erstwhile Maharashtra Elektrosmelt Ltd. (MEL) has became a Unit of SAIL w.e.f. 12/7/2011. Chandrapur Ferro Alloy Plant is the only Public Sector Unit engaged in production of Manganese based Ferro Alloys in the Country Location: The plant is situated amongst picturesque surroundings at Chandrapur (Maharashtra). It is located 166 km away from Nagpur on Delhi-Chennai rail route and is well connected by rail & road to the major cities of India. CFP has an installed capacity of 1,00,000 TPY Ferro Manganese. The product range of CFP includes High Carbon Ferro Manganese, Silico Manganese and Medium/Low Carbon Ferro Manganese. The Plant is accredited with Quality Assurance Certificate ISO 9001:2008. CFP's major production facilities include two nos. of 33 MVA Submerged Electric Arc Furnaces for the production of ferro alloys, two nos. Manganese Ore Sintering Plants, Furnace gas based Power Plant, Mechanized Crushing and Screening System for Ferro Alloys and 1 MVA Electric Arc Furnace for the production of MC/LC Ferro Manganese with Lime Calcination and Manganese Ore Roasting Unit. Size in mm 10-150 40-100 12-25 10-150 40-100 Chemical specification Manganese Carbon Silicon Phosphorous 70-74 % and 74-78 % 70-74 % and 74-78 % 70-74 % and 74-78 % 60-65 % and 65 % Min 6-8 % 1.5 % max 0.43 % max
Product High Carbon Ferro Manganese Low Carbon Ferro Manganese Medium Carbon Ferro Manganese Silico Manganese
1.5 % max
2% max
0.4 % max
10-150 25-50 10-150 40-100 12-25
1-3%
2% max 15-20 %
0.4 % max
2% max
0.35 % max
Technological Developments: Over the years, this plant has emerged as a leader in ferroalloy technology with technological developments in many areas like raw material preparation, raw material substitution, furnace operation, ferroalloy casting and processing etc. The latest technological development being state of the art Layer Casting Technology for casting molten Ferro Alloys and Ferro Alloy Processing Unit (Crusher) first of its kind in India. Expansion Plan: It has been planned to put up 1 No. 45 MW Sub-merged Arc Furnace to produce around 90, 000 tonnes of High Carbon Ferro Manganese or 70,000 tonnes of Silico Manganese, with an investment of around Rs.185 crores at Chandrapur, in next two years. Setting up of a 4.00 MW (furnace gas based) Power Plant with an investment of around Rs.38 crores is also envisaged. It has also been planned to put up a Captive Power Plant to meet total requirement of power of the Plant, in near future.
Subsidiary
SAIL Consultancy Division (SAILCON) :
SAIL, during its existence of over four decades, has acquired a high level of expertise and vast experience in building, operation and maintainence of integrated and mini steel plants and associated facilities encompassing diverse technologies, equipment and products-mix. The knowledge thus gained led to formation of a consultancy and services marketing division SAIL Consultancy Division (SAILCON), based in Delhi, to provide a wide range of services to the iron & steel and other industries in India and abroad. SAILCON is a single window at SAIL catering to clients across the world, providing design, engineering, technical, management and training consultancy and services available from various SAIL plants and units. It is an ISO: 9001:2000 certified organization equipped to render quality services from concept to commissioning. The range of services available include:
Design and Engineering Services:

Feasibility studies Bankable Project Proposals Detailed Project Reports Basic Engineering Detail Engineering Tender Specializations Preparations Bid Evaluation Instrumentation and Automation Mine Planning and Development
Project Management Services:

Plant Erection and Construction Procurement and Inspection Project Planning, Monitoring and Supervision Start-up, Testing and Commissioning
Technical Services:
Plant Operation and Maintenance Technology Up-gradation Quality, Productivity and Performance Improvement Environment Management and Pollution Control Energy Conservation & Audit
HR and Training Services:

Training Needs Assessments and Training Module Development Setting up Training Systems and Facilities Training for Operation, Maintenance and Management of Steel and Power plants Engineering and Technical Skills Training Management Development Programmes Training of Trainers Recruitment Services Appraisal and Reward Systems Preparation of Personnel and Training Manuals
Management Services:
Total Quality Management and ISO: 9001 Certification Assistance Corporate Planning Benchmarking Corporate Restructuring Marketing and Distribution Software Development and System Design
In addition to successful completion of a number of assignments in India, SAILCON has satisfied clients in Egypt, Saudi Arabia, Iran, Qatar, Bangladesh, Oman, Philippines, Nepal, Taiwan, Thailand, Azerbaijan, Georgia, Nigeria and Sri Lanka.
Current Projects under progress

Bhushan Steel plans to invest US$ 5.72 billion for building 12 million toncapacity in the states of West Bengal, Jharkhand and Orissa. Non-ferrous metals giant, Vedanta Resources, plans to invest around US$ 4.79 billion in a 5 million ton steel plant in Keonjhar district of Orissa and envisages its commissioning by 201213. Tata Steel is also planning to build a 5 million ton plant in Chhattisgarh with an investment of around US$ 3.59 billion. The steel major is setting up Greenfield projects in Jharkhand, Orissa and Chhattisgarh. While in Jharkhand it is likely to invest about US$ 8.38 billion for a 12 million ton integrated steel plant, in Orissa it plans to pour in almost US$ 4.39 billion for a six million ton capacity plant. Mesco Steel plans to invest US$ 2.20 billion for expansion of two of its steel plants in Orissa. Reliance Infrastructure, (part of the Reliance Anil Dhirubhai Ambani Group) plans to build a 12-million ton steel plant in Jharkhand, which is likely to be completed by 2012. Indian Railways plans to invest around US$ 437.25 million per annum to raise its consumption of stainless steel for adding new alloy-made wagons and coaches to its portfolio. Welspun Gujarat Stahl Rohren, (one of the largest steel pipe makers in India), plans to increase the capacity of its pipe plant by 75 per cent to 1.75 million tons with an investment of US$ 222.52 million. The JSW group plans an outlay of US$ 40 billion for steel and power projects. These projects will be completed by 2020.
Visa Steel has lined up a US$ 1.51 billion US$ 2.02 billion integrated steel project in Chhattisgarh. Sarralle India, a subsidiary of Sarralle Equipos of Spain and one of the largest designers of steel plant equipment, has decided to set up a manufacturing base in Uluberia in West Bengal. Interarch Building Products Private, (the largest player in pre-engineered steel buildings space) plans to set up its Greenfield manufacturing facility in Gujarat by 200910.
Also, the Confederation of Indian Industry (CII) plans to start six new small and medium enterprises clusters for steel companies in Visakhapatnam. It will also set up a steel task force to propel growth in the steel clusters.
SWOT ANALYSIS
Strengths:
Abundant supply of iron ore Low cost and reasonable efficient labor force Strong man power capability and improving productivity History in steel making and acquired skill Strongly globalised Industry and emerging global competitiveness Increases in productivity through the adoption of more efficient and cleaner technologies in the manufacturing sector will be effective in merging economic, environmental, and social development objectives. Strong steel production base and achieved productivity levels High degree of entrepreneurship Availability of investments and capital back up Support from government which helped in growth of the steel industry The biggest boost to efficiency in the steel industry has come from the increased use of continuous casting an indicator of the modernity of the production process. Availability of good rail way network for domestic shipping
Weaknesses:
Limited availability of coking coal High transportation and handling costs. Mining costs are also high.
Implementing latest technology has become a concern for the Indian steel industry. Steel industry in India did not attain self sufficiency in constructing and efficiently maintain steel plants. It still relies on the countries like Russia, Ukraine, and Kazakhstan etc. for installing new steel plant in India. Although India has modernized its steelmaking considerably over the past decades, nearly 6% of its crude steel is nevertheless still produced using the outdated open-hearth process Quality is also one of the drawbacks India is focusing. Quality of either flat steel or long steel is becoming an issue for reaching international quality standards. Logistics for steel industry is one of the constraints for the competing in the global markets. Industry has to concentrate on the supply of the raw materials and reaching the customers delivery times. The loading and unloading rates at ports, container handling, in plant logistics were also weak in terms of Indian steel industry. With 1 ton of finished steel requiring handling and transportation of around 4 tonnes of bulk material, the anticipated expansion of steel capacity, even accounting for delays, would exert tremendous pressure on Indias logistics infrastructure post-commissioning of projects. The problem would get aggravated if the future capacities show regional concentration, which is likely.
Opportunities:
Increase in steel consumption hugely will result in tremendous growth in steel industry in coming years India has all the resources and capabilities to become a global supplier of quality steel Low steel prices smooth the way for imports from Russia, Ukraine and Kazakhstan. The geographical proximity of Japan, South Korea and China makes them important suppliers as well. With the decreased potential for steel in developed countries, India have opportunities for becoming the world leader in production and supply of steel and iron ore Concurrently industries like automobiles and urban infrastructure are also growing simultaneously.
Threats:
Infrastructure is becoming a major threat for the steel industry. Insufficient infrastructure in terms of transportation and logistics is becoming concern for Indian steel industry. Government is also planning to increase its share of infrastructure in GDP from 2.5% currently Huge competition in the global markets. In the Indian markets also, with the entry of the foreign players the domestic steel producers are facing high market competition. Increasing concern for the global climate change is becoming a threat to the industry. With the concern over the climate change countries are focusing on the reduction in carbon emissions particularly with respect to the energy
intense industries like steel, cement etc. The steel industry accounts for between 5 and 6% of total man-made CO 2 emissions. This is less than accounted for by transport or power use by the general public, it does mean that the steel industry is in the frontline in making a contribution to fight global warming. Future energy use and carbon emissions depend on the level of production and the technologies employed. Furthermore, different economic and policy settings affect structures and efficiencies within the sector. Issues with dumping of low priced steel products from the Chinese and companies of other countries is also becoming a barrier for the growth of Indian steel industry. Infrastructure with respect to steel plants and logistics of steel industry is also one of the key challenges for the Indian steel industry.
Joint Ventures
1. NTPC SAIL Power Company Pvt. Ltd (NSPCL) :
A 50:50 joint venture between Steel Authority of India Ltd. (SAIL) and National Thermal Power Corporation Ltd. (NTPC Ltd.); manages the captive power plants at Rourkela, Durgapur and Bhilai with a combined capacity of 314 megawatts (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 April2009 and 2nd Unit is likely to start commercial generation by July 2009.
2. Bokaro Power Supply Company Pvt. Limited (BPSCL):

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 tones 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, construction activities are underway for installation of 9th Boiler (300T/Hr) & 36 MW Back Pressure Turbo Generator (BPTG) project at Bokaro.
3. Mjunction Services Limited:

A joint venture between SAIL and Tata Steel on 50:50 bases. This company promotes e-commerce activities in steel and related areas. New added services includes E-Assets sales, Events & Conferences, Coal Sales & Logistics, Publications etc.
4. SAIL-Bansal Service Center Ltd.:

SAIL has formed a joint venture with BMW industries Ltd. on 40:60 basis to promote a service centre at Bokaro with the objective of adding value to steel.
5. Bhilai JP Cement Ltd.:

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.
6. Bokaro JP Cement Ltd.:

SAIL has incorporated another joint venture company with M/s Jaiprakash Associates Ltd to set up a 2.1 MT cement plant at Bokaro utilizing slag from BSL. Construction work expected to start by Oct09 and cement production likely by July2011. 7. SAIL & MOIL Ferro Alloys (Pvt.) Limited.: SAIL has incorporated a joint venture company with M/s Manganese Ore (India) Ltd to set up Ferro-manganese and silico-manganese plants at Nandini / Bhilai, of 1.0 lakh tone capacity.
8. S&T Mining Company Pvt. Ltd.:

SAIL has incorporated a joint venture company with TATA Steel for 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. 9. International Coal Ventures Private Limited: Towards achieving the target of making steel PSUs self reliant in the area of coking coal, a joint venture company has been incorporated comprising of five central PSU companies i.e. SAIL, Rashtriya Ispat Nigam Limited (RINL), Coal India Limited (CIL), NTPC Limited and NMDC Limited. The company is scouting for coal properties in Australia, Mozambique and other target countries.
FUTURE OUTLOOK FOR THE INDIAN STEEL INDUSTRY
The sponge iron has of late come up as a major input material for steel making through electric furnace route both Electric Arc Furnace and Induction Furnace. Due to long gestation period, huge investments, dependence for coke on foreign suppliers, the steel industry is slowly diverting itself from blast furnace route to electric furnace route and the requirement of Sponge Iron is increasing 67 very fast. Another major reason is the global shortage of scrap. The steel making furnaces in the eastern region use average 70% Sponge Iron in the feed material for steelmaking. The future for the Sponge Iron is therefore quite bright. The steel is today considered as the backbone of India economy. The growth of economy has a direct relation with the demand of steel. With the present steel intensity index, considering the GDP projection by the Government of India, growth of steel demand will be around 11% annually. As per the National Steel Policy issued by the Ministry of Steel India will produce 110 million tons of steel by 2020. The requirement of Sponge Iron as metallic will be 30 million tons. The Ministry of Steel has decided to come out with a White Paper on the logistics requirement of the steel industry at a production capacity of 250-300 million tons. The exercise has been prompted by the logistics constraints in the movement of raw materials and end-products faced by the country today when steel production is at 65 million tons. It is expected that India would become the second biggest producer of steel within the year 2016 and the production per year would be 137 million tons.
Today India produce 13.9 million tons of sponge iron, out of which 4.2 million ton is gas based and remaining 9.7 million ton is coal based. India has a proven reserve of 410 million ton of high grade iron ore, another 440 million ton of high grade iron ore which will be established. India has total 9992million ton of iron ore reserves (as per IBM report of1995). India has sufficient non-coking coal through of high ash low fixed carbon grade. Coal is used as a reducing for sponge iron making in the furnace. The availability of scrap of required quantum is unlikely and therefore scraps needs to be replaced more and more by DRI. Expanding Indias steel sector depends on lower port costs for handling key inputs such as coking coal which is predominantly imported, as well as servicing potential steel exports as envisaged under the National Steel Policy Some of the measures that the industry has to take in the long term at macro level are: High freight rates are the major reason for drastic fall in iron ore loading by railways in recent months. Plans must be made to reduce the freight rates to improve the growth rate of the industry. Rail transportation can become competitive by increasing line capacity, carrying capacity of trains, port connectivity etc. Road transportation is the most common mode for transport of all goods accounting for 65% of all commodities carried. Measures must be taken so as to improve the infrastructure of the high ways and fund for the maintenance of the highways. Port infrastructure in India is outdated and inadequate resulting in bottlenecks and high costs. Investments must be invited from domestic and
foreign sources to upgrade the infrastructure at ports, also latest technologies must be implemented to reduce costs and loading and unloading times.
Attract FDIs for investing in coastal transportation and pipeline which are the cheapest and most reliable modes of transporting iron ore. This will make steel manufacturers competent enough in the global steel trade.
CONCLUSIONS
A multimodal system, which uses the most efficient modes of transport from origin to destination, is a prerequisite for the smooth functioning of any port. With the growth of cargo in the ports by over seven per cent and increase in container traffic by 17 per cent, the Government had laid emphasis on capacity expansion and improvement in infrastructure of the ports for handling these growing volumes of cargo. Unless matched with connectivity infrastructure, the increased cargo would result in congestion and undermine the competitiveness of Indian industry and also affect the economy at large. Though India is technologically forward and advanced in the production of steel and exporting iron ore, problems with infrastructure and logistics are making it to lag behind in the international trade of steel and iron ore. Also India should concentrate on increasing the consumption of steel at the domestic level. The per capita consumption of steel is the indicator of growth for the developing countries.
BIBLOGRAPHY
1. 2. 3. 4.
www.sail.com Wikipedia SAIL. Annual Report of SAIL 2013. Monthly Report for Investors Review

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STEEL AUTHORITY OF INDIA LIMITED

STEEL AUTHORITY OF INDIA LIMITED [SAIL]

Mr. PRASHANT SANTOSH SHINDE Roll No. 53

STEEL AUTHORITY OF INDIA LIMITED

STEEL AUTHORITY OF INDIA LIMITED [SAIL]

Mr. PRASHANT SANTOSH SHINDE

STEEL AUTHORITY OF INDIA LIMITED

Project guide/Internal examiner (Dr.V.C. Hari Narayanan)

________________ Principal ________________ Vice principal

_________________ External Examiner

___________________ Course co-ordinator

___________ College seal

STEEL AUTHORITY OF INDIA LIMITED

Date: 24th September, 2013 Place:Vidyavihar

Signature of student (PRASHANT S. SHINDE)

STEEL AUTHORITY OF INDIA LIMITED

STEEL AUTHORITY OF INDIA LIMITED

STEEL AUTHORITY OF INDIA LIMITED

STEEL AUTHORITY OF INDIA LIMITED

STEEL AUTHORITY OF INDIA LIMITED

6. 7. 8. 9. 10. 11. 12. 13. 14.

19 20-32 33-39 40-41 42-45 46-47 48-50 51 52

STEEL AUTHORITY OF INDIA LIMITED

SCOPE OF THE STUDY:

STEEL AUTHORITY OF INDIA LIMITED

STEEL AUTHORITY OF INDIA LIMITED

STEEL AUTHORITY OF INDIA LIMITED

Structure of Indian steel industry

STEEL AUTHORITY OF INDIA LIMITED

STEEL AUTHORITY OF INDIA LIMITED

STEEL AUTHORITY OF INDIA LIMITED

STEEL AUTHORITY OF INDIA LIMITED

Objective of Expansion Plan of SAIL

STEEL AUTHORITY OF INDIA LIMITED

Management Team & Board of Directors

STEEL AUTHORITY OF INDIA LIMITED

Ownership and Management

STEEL AUTHORITY OF INDIA LIMITED

FINANCIAL SCENERIO OF SAIL

INCOME STATEMENT STATISTICS [in crores]

STEEL AUTHORITY OF INDIA LIMITED

Major Units of SAIL

Special Steel Plants

STEEL AUTHORITY OF INDIA LIMITED

Bhilai Steel Plant (BSP) in Chhattisgarh

STEEL AUTHORITY OF INDIA LIMITED

TONNES/ANNUM 5,33,000 7,50,000 5,00,000 4,20,000 9,50,000 31,53,000

STEEL AUTHORITY OF INDIA LIMITED

Durgapur Steel Plant (DSP) in West Bengal

STEEL AUTHORITY OF INDIA LIMITED

Centre for Human Resource Development :

STEEL AUTHORITY OF INDIA LIMITED

STEEL AUTHORITY OF INDIA LIMITED

Rourkela Steel Plant

STEEL AUTHORITY OF INDIA LIMITED

Principal Vice principal