11 September 2016
Steel Authority of India Limited (SAIL) 3.2.2009
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 an annual turnover of ₹43,337 crore (US$6.4 billion) (FY2015-16). 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 93,352 employees (as of 31-Mar-2015). With an annual production of 13.9 million metric tons, SAIL is the 24th largest steel producer in the world. The Hot Metal capacity of the Company will further increase and is expected to reach a level of 23.5 million tonnes per annum by the end of the Financial Year 2015-16. P.K Singh is the current chairman of SAIL.