The particulars of SAIL’s organization, functions and duties
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.
From the time of the SAIL’s formation until 1992, the Government of India owned all of SAIL’s equity capital. The Government disinvested some part of its equity in SAIL in phases during 1992 to 1995 and in 2021. The Authorized and Paid up share capital of the company as on 31st March, 2022 was Rs.5000 crore and Rs.4130 crore respectively. Out of this paid-up capital, the President of India is holding Rs.2684.71 crore (65%) and the balance shares are held by the financial institutions, mutual funds, Banks, Employees, GDR - holders and individuals.
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. The Shareholding pattern of the company is available at:
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). SAIL has also several units viz. Research and Development Centre for Iron and Steel (RDCIS), Centre for Engineering and Technology (CET), Management Training Institute (MTI) and SAIL Safety Organisation (SSO) all located at Ranchi, Environment Management Division (EMD) and Growth Division (GD) all located at Kolkata, and SAIL Refractory Unit at Bokaro. Chandrapur Ferro Alloy Plant, (CFP) is located at Maharashtra. The Central Marketing Organisation (CMO), with its headquarters at Kolkata, coordinates the countrywide marketing and distribution network of the Company.
JOINT VENTURES
SAIL has promoted joint ventures in different areas ranging from power plants to e-commerce. The major joint ventures among others are:
Details of Major Joint Ventures
| Company | Location of Company | JV Partner | Shareholding Structure | Objective |
|
NTPC SAIL Power Company Pvt. Ltd. |
New Delhi | NTPC | SAIL: 50% NTPC :50% |
Operates and Manages 1064 MW capacity thermal power plants at Bhilai, Rourkela and Durgapur. |
|
Bokaro Power Supply Company Pvt. Ltd. |
Bokaro | Damodar Valley Corporation (DVC) | SAIL :50% DVC : 50% |
Operates and manages 338 MW power generation and 960 tonnes/hour steam generation capacity at Bokaro. |
|
mjunction Services Limited |
Kolkata | Tata Steel | SAIL : 50% Tata Steel : 50% |
Promotes e-commerce activities in steel and related areas. |
|
Bhilai Jaypee Cement Ltd. |
Bhilai, Chhattisgarh | Jaiprakash Associates Ltd. | SAIL : 26% JAL : 74% |
Operate and manage a cement plant of 2.2 million tonnes capacity, utilizing granulated slag from Bhilai Steel Plant. |
|
International Coal Ventures Private Limited |
New Delhi | CIL, RINL, NMDC & NTPC | SAIL-47.82% RINL-25.94% NMDC-25.94% CIL-0.19% NTPC-0.1% |
Operates Coal mines in Mozambique. |
|
SAIL RITES Bengal Wagon Industries (P) Ltd. |
New Delhi | RITES | SAIL : 50% RITES : 50% |
To manufacture and sell railway wagons including high end specialized wagons and rehabilitation of wagons for the domestic markets |
|
SAIL SCL Kerala Ltd. |
Kozikode, Kerala | Government of Kerala | SAIL: 49.3% GoK :49.3% Others : 1.4% |
The JVC operates 65,000 Tpa rebar mill at Kozikode, Kerala. |
|
SAIL Bansal Service Centre Limited: |
Bokaro, Jharkhand | Bansal Metal Works Industries (Pvt.) Limited. (BMWIL) | SAIL: 40% GoK :BMWIL: 60% |
The JVC operates a Service Centre for production of Flat products in customized sizes at Bokaro. |
|
Prime Gold-SAIL JVC Limited: |
New Delhi | Prime Gold International Limited (PGIL) | SAIL:26% PGIL :74% |
The JV has set up a Steel Processing Unit (SPU) for manufacturing of 100,000 Tpa of TMT Bars at Gwalior. |
|
GEDCOL SAIL POWER CORPORATION LIMITED (GSPCL) |
Cuttack,Odisha | Green Energy Development Corporation of Odisha Limited(GEDCOL) | GEDCOL : 74% SAIL : 26% |
The JVC is installing a small hydro electric power plant (10 MW) at Mandira Dam of Rourkela Steel Plant. The JVC is in Project stage as of now. |
|
Bastar Railway Private Ltd.: |
Raipur, Chhattisgarh | SAIL, NMDC, IRCON and Govt. of Chhattisgarh. | NMDC :52% IRCON: 26% SAIL:12% GoChg.:10% |
The JVC is setting up a 140 Km Broad-Gauge Single Railway Line Corridor from Jagdalpur to Rowghat. The JVC is in Project stage as of now. |
Details of Subsidiaries: SAIL operates 2 subsidiaries
| Company | Location of Company | Shareholding Structure | Objective |
| SAIL Refractory Company Ltd. | Coimbatore, Tamil Nadu | SAIL: 100% | Operates and Manages refractory manufacturing plant at Salem, Tamil Nadu |
| Chhattisgarh Mega Steel Ltd. | Bhilai, Chhattisgarh | SAIL :74% DVC : 26% |
To acquire land, power, water linkages etc., for facilitating setting up an ultra mega steel project at Bastar, Chhattisgarh |
VISION
To be a respected world-class corporation and the leader in Indian steel business in quality, productivity, profitability and customer satisfaction.
CREDO
- We build lasting relationships with customers based on trust and mutual benefit.
- We uphold highest ethical standards in conduct of our business.
- We create and nurture a culture that supports flexibility, learning and is proactive to change.
- We chart a challenging career for employees with opportunities for advancement and rewards.
- We value the opportunity and responsibility to make a meaningful difference in people’s lives.
Functions and Duties:
The Company is a commercial organization, registered under the Companies Act, 1956. It functions through its various plants and units to achieve the Objects, as mentioned in its Memorandum and Articles of Association. The SAIL Corporate office performs the following general functions:
- Developing Long term strategic planning for the company.
- Policy formulation in consultation with plant personnel. and action planning for implementation of the policies and ensuring their fulfilment.
- Ensuring smooth and efficient operations and optimal utilization of existing resources.
- Development of a well-motivated workforce and a highly competent managerial cadre.
- Reviewing performance of each unit with respect to targets and ensuring corrective action where ever required.
- Achievement of well-coordinated functioning of different plants, dissemination of knowledge and achieving synergy.
- Centralized control of Finance.
- Purchases/imports of strategic inputs.
- Capital investment decision.
- Coordination with external agencies, including Central Government, State Governments, Railways etc.
- Corporate Vigilance.
- Corporate image building.
- Discharging Corporate Social Responsibility (CSR)
NOTE:- For details regarding plants/units, product mix, Joint Ventures, CSR, Financial Performance etc refer to www.sail.co.in
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