SAIL meaning in Maharatna Central Public Sector Enterprise ?

Answer:

What is Steel Authority of India Limited mean?

Steel Authority of India Limited (SAIL) is a government owned steel producer based in New Delhi, India. It is under the ownership of Ministry of Steel, Government of India with an annual turnover of INR 66,267 Crore (US$9.32 billion) for fiscal year 2018–19. Incorporated on 24 January 1973, SAIL has 64,628 employees (as of 01-Jun-2021). With an annual production of 16.30 million metric tons, SAIL is the 20th largest steel producer in the world and the largest in India. The Hot Metal production capacity of the company will further increase and is expected to reach a level of 50 million tonnes per annum by 2025. Smt Soma Mondal is the current Chairman of SAIL.

SAIL operates and owns five integrated steel plants at Bhilai, Rourkela, Durgapur, Bokaro and Burnpur (Asansol) and three special steel plants at Salem, Durgapur and Bhadravathi. It also owns a Ferro Alloy plant at Chandrapur. As a part of its global ambition, the company is undergoing a massive expansion and modernisation programme involving upgrading and building new facilities with emphasis on state of the art green technology. According to a recent survey, SAIL is one of India's fastest growing Public Sector Units. Besides, it has R&D centre for Iron & Steel (RDCIS), centre for Engineering in Ranchi, Jharkhand.

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