Sail Project Report

STEEL AUTHORITY OF INDIA LIMITED
The Steel Authority of India Ltd. (SAIL) was created in 1973 as the holding
company and supervisory agency for those parts of the Indian iron and steel industry
which are wholly within the public sector. Its main product, by volume, is iron ore, most
of which is exported. It has a total production capacity of 11 million tons of steel per
year, representing more than four-fifths of India's total capacity. It operates its own
collieries, a special steels plant, and a foundry for pipes.The history of the iron and steel
industry in modern India is closely bound up with political and economic developments
since the country achieved independence from Britain in 1947. Most of the productive
units now run by SAIL were built as state ventures with aid and assistance from
industrially-developed countries, and operated by SAIL's predecessor, Hindustan Steel
Ltd. SAIL's main subsidiary, the Indian Iron & Steel Co. Ltd., which is India's largest
single iron and steel company, developed separately as a private company
before nationalization, but it depended on state subsidies from 1951 onwards and had to
function within the terms of the governments planning system.
However, the industry did not spring from nowhere in 1947. Iron had been
produced in India for centuries, while Indian steel was superior in quality to British steel
as late as 1810. With the consolidation of the British raj the indigenous industry declined
and the commercial production of steel did not begin in earnest till 1913, when the Tata
Iron and Steel Company began production at Sakchi, on foundations laid by Jamsetji Tata
whose sons had raised the enormous sum of Rs23 million to set up the company, partly
from family funds but mostly from Bombay merchants, several maharajahs, and other
wealthy Indians who supported the movement for Indian self-sufficiency (Swadeshi) but
did not want to appear openly anti-British. Tata was to dominate the Indian steel industry
until the 1950s. The Indian Iron & Steel Company was set up in West Bengal in 1918 by
the British firm Burn & Co., with plans to become a rival steelmaker. However, steel
prices declined in the early 1920s and the company produced only pig iron until 1937.
The acute depression suffered by the iron and steel industry after World War. As of 31
March 2015, SAIL has 93,352 employees, as compared to 170,368 (as of 31 March
2002). There has been a continuous reduction of headcount over the past few years due to
enhanced productivity and rationalised manpower.
The total requirement of its main raw material, iron ore, is met through its captive mines.
To meet its growing requirement, capacities of existing iron ore mines are being
expanded and new iron ore mines are being developed. In addition, new iron ore deposits
in the Rajasthan, Chhattisgarh, Madhya Pradesh, Maharashtra, Odisha and Karnataka are
being explored. Around 24% of its coking coal requirements are met from domestic
sources, the remaining through imports. For improving coking coal security, the company
is also making efforts for development of new coking coal blocks at Tasra and Sitanalla.
SAIL produced 13.9 million tonnes of crude steel by operating at 103% of its installed
capacity, which is an increase of 1% over the previous year. It also generated 710 MW of
electricity during FY2014-15.
ACHIEVMENTS
 "Best of all" Rajiv Gandhi National Quality Award in 1993, 2006, and 2007 for
their Bhilai and Bokaro plants.
 Quality Summit New York Gold Trophy 2007 (International Award for
Excellence & Business Prestige) and Award of Excellence Maintenance for
Sumitomo Heavy Industry & TSUBKIMOTO-KOGIO, Japan won by Alloy
Steel Plant, Durgapur.
 SAIL was featured in the 2008 list of Forbes Global 2000 companies at
position 647.
 Golden Peacock Award for Combating Climate Change – 2008 for BSP,
Occupational Health and Safety- 2008 for BSL
 National Safety Award to Bhilai Steel Plant announced by the Ministry of
Labour & Employment, Government of India – 2008
 Durgapur Steel Plant won the 2nd Prize in the Association of Business
Communicators of India Awards – 2008.
 Ispat Bhasha Bharati. the Rajbhasha Journal of SAIL has been awarded with
the first prize under the All India House Journal Award Scheme – 2008–09
 Salem Steel Plant received the prestigious Greentech Gold Award in Metal
and Mining Sector – 2008–09.
 Golden Peacock Award for Corporate Social Responsibility won by Bhilai
Steel Plant (BSP) for the third year in a row – 2009.
 Rourkela Steel Plant collectedthe prestigious Srishti Good Green Governance
(G-Cube) Award – 2009.
 Greentech HR Excellence Award secured by the Durgapur Steel Plant – 2009
 The steel township of Rourkela Steel Plant (RSP) has been ranked 14th in
sanitation and cleanliness by Union Urban Development Ministry – 2009–10
 Greentech Safety Gold Award was given to Bhilai Steel Plant – 2010
 The HR Excellence Award by the Greentech Foundation won by Bhilai Steel
Plant – 2010
 SSP has won the prestigious Greentech Silver Award in Training Category of
Greentech HR Excellence Awards – 2010.
 Award for financial and operational strength by Indian Institute of Industrial
Engineering (IIIE)- 2009–10
 Golden Peacock Environment Management Award – 2011
 Randstad Award for HR Practices and Employer Branding under
'Manufacturing Industries' category – 2011
 Maiden Wockhardt Shining Star CSR Award in the Iron & Steel Sector
category – 2011.
 Salem Steel Plant (SSP) has won the prestigious National Sustainability
Award for the 6th time in succession and 13th time since inception of the
award from Indian Institute of Metals (IIM)- 2011
FINANCIAL ASSESSMENT OF SAIL
80000
FINANCIAL ASSESSMENT
60000
40000
20000
0
2018 2017 2016 2015
-20000
TOTAL REVENUE TOTAL EXPENCE NET PROFIT (AETER TAX)
NET PROFIT (AETER TAX)

NET PROFIT (AETER TAX)
2092.68
-481.71
2018 2017 2016 2015
-2833.24
-4021.44

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STEEL AUTHORITY OF INDIA LIMITED

TOTAL REVENUE TOTAL EXPENCE NET PROFIT (AETER TAX)

NET PROFIT (AETER TAX)

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