Steel Authority of India Limited Overview
Company Headquarters: New Delhi, India
Founded: 1973
Workforce: ~60,766
Company Working: Steel Authority of India Limited (SAIL) is a metal and mining company owned by the government of India. A variety of iron and steel products, ferroalloys, including hot- and cold-rolled sheets and coils, electrical sheets, galvanized sheets, electrical steel, structural steel, railway products, and plates, are manufactured and sold by the company. Additionally, it produces stainless steel, other alloy steels, and bars and rods. The firm owns and runs integrated steel factories, special steel plants, and a ferroalloy facility in the eastern and central parts of India. Additionally, it owns and runs RMD flux mines, iron ore mines, consulting firms, and transport and shipping businesses. SAIL has its own captive iron ore mines for iron ore, which meet its requirement. SAIL has Kiriburu Iron Ore Mines, Meghahatuburu Iron Ore Mines, Gua Ore Mines, Manoharpur Iron Ore Mines, Bolani Ores Mines, and Barsua – Taldhi – Kalta mines. The company's captive mines produced about 34.15 million tons (Mt) of iron ore in 2021. It has Chandrapur Ferro Alloy Plant (CFP) consisting of three Submerged Arc Furnaces (annual production capacity: 1,90,000 tons of Ferro Manganese) for the production of Manganese-based ferroalloys; one Electric Arc Furnace for the production of medium carbon Ferro Manganese (annual production capacity: 2,500 tons); one 4.2 MW power plant; and two Sinter Plants (annual production capacity - 30,000 tons). The company's largest business is in India, and it exports to Europe and America.
Strategy
Steel Authority of India Limited seeks to develop its workforce, company operations, and people while expanding and deepening its market position. The company is pursuing growth through its current downstream related value-added and diversified product portfolio to participate in the entire value chain. The company is also leveraging its expertise in science and technology, having integrated manufacturing, developing, and growing its product portfolio. The company is working to increase the output of products and reduce the consumption of raw materials for those products. The company's major focus is on the market and product promotion, industrial upgrades, and achieving goals, such as high-tech steel products. Establishing a customer-centric marketing model, centering on the production line's resource allocation, coordinating based on the internet + business model, promoting industry chain downstream extension to high-end customers, and achieving a world-class level of market competitiveness and profitability are the main strategical goals for the company.
