SAIL certified as Great Place to Work for the second time

SAIL Establishment and function

Steel Authority of India Limited (SAIL), the maharatna steelmaking public sector unit was established on 24th January, 1973. In pursuance of the decision taken by the Government of India in December 1972 to set up a Holding Company for steel and associated input industries, the “Steel Authority of India Limited” (SAIL) was registered as a Company under the provisions of the Companies Act, 1956 on 24th January, 1973.

SAIL role as Maharatna company

SAIL is one of the Maharatna Public Sector Undertaking of the Government of India, and produced around 17.367 million tonnes of crude steel in 2021-22. It has five integrated steel plants at Bhilai (Chhattisgarh), Rourkela (Odisha), Durgapur (West Bengal), Bokaro (Jharkhand) and Burnpur (West Bengal). SAIL has three special and alloy steels plants viz. Alloy Steels Plant at Durgapur (West Bengal), Salem Steel Plant at Salem (Tamil Nadu) and Visvesvaraya Iron and Steel Plant at Bhadravati (Karnataka).

How Is SAIL a PSU ?

Since, the Government of India holds about 65 per cent of the paid up capital of the SAIL, it is a Government company within the meaning of Section 2(45) of the Companies Act, 2013.

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