Incorporated in 1973, Steel Authority of India (SAIL)t is a giant among the steel majors in India. It is one of the largest steel conglomerates in the country. 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. SAIL has a finished steel production of integrated steel plants of around 9 million tons. It manages and operates five integrated steel plants in Bhilai, Bokaro, Durgapur, Rourkela, and Burnpur. It also has nine iron ore, five limestone, three dolomite and three coal mines besides generating 700 MW of captive power. The company is the only producer of extra-wide (up to 3,200 mm) and heavy plates catering to the needs of the construction, automobile, ship building, engineering and other sectors. It exports steel to as many as 70 countries across the globe.
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