Question

What is the role of the Steel Authority of India.Ltd.?

Answer 1

Hint: SAIL, Steel Authority of India Limited is an Indian government-owned steel manufacturing company. It is headquartered in New Delhi. With an annual turnover of INR 66,267 crore for the fiscal year 2018–19, it is owned by the Ministry of Steel, Government of India.

Complete answer:
The Steel Authority of India Ltd (SAIL) is India's largest steel producer. On a national and worldwide scale, the firm is a fully integrated iron and steel producer, producing both basic and speciality steel for the building, engineering, power, railway, automotive, and defence industries. They are also one of the country's seven Maharatnas Central Public Sector Enterprises. Hot and cold rolled sheets and coils, galvanised sheets, electrical sheets, railway products, plates, bars and rods, stainless steel and other alloy steels are among the products that the company manufactures and sells.

They manufacture iron and steel at five integrated factories and three specific steel mills throughout India, primarily in the eastern and central areas. SAIL is also India's second-largest producer of iron ore, with its captive mines supplying 100% of the country's needs. SAIL has the broadest range of steel products of any Indian producer, with roughly 50 items, 500 grades, and 5000 dimensions in mild, special, and alloy steel categories.

Steel Authority of India Limited (SAIL) is India's largest state-owned steel producer and one of the world's top steel producers. It's a government-run project. In Bhilai, Rourkela, Durgapur, Bokaro, and Burnpur, SAIL operates and owns five integrated steel mills, as well as three special steel plants in Salem, Durgapur, and Bhadravathi.

Note: In Chandrapur, SAIL also owns a Ferro Alloy facility. The company is conducting a significant development and modernization initiative as part of its global ambition, which includes updating and developing new facilities with a focus on cutting-edge green technologies.