Question

In which year Hindustan Steel Limited (HSL) was set up?
a. 1954
b. 1830
c. 1907
d. 1919

Answer 1

Hint:
As we know that the Hindustan Steel Limited is a Public sector undertaking. Currently Hindustan Steel Limited (HSL) is known as SAIL that is Steel Authority of India Limited. The headquarter (HQ) of HSL is in New Delhi.

Complete step by step solution:
Let us talk about the Hindustan Steel Limited. Hindustan steel Limited was set up in 1954 during the regime of Pandit Jawahar Lal Nehru. HSL is operated by the government of India and currently it is known as the Steel Authority of India Limited.
SAIL has five integrated plants throughout India. It has plants at Bhilai, Durgapur, Rourkela, Bokaro and Burnpur near Asansol. SAIL is one of the fastest growing PSU’s of India.
During the foundation days of HSL it had a single plant at Rourkela. Later the other plants were set up.
The managing authority of the plant is the Ministry of steel and mines. The Government of India has 75% equity of the company. The basic raw material for HSL is iron ore. Steel is manufactured by the iron ores. HSL now known as SAIL has made its name into Forbes Global 2000 in the year of 2000.

Hence, the correct answer is option A.

Note:
HSL is now known as the Steel authority of India.It is a PSU which is managed by the government of India. Steel authority of India is the leading producer of steel from iron ore in India.