Question

Which one of the following agencies markets steel for the public sector plant?
A. HAIL
B. MNCC
C. SAIL
D. TATA

Answer 1

Hint: It is one of the biggest steel organizations in India and one of the top steel creators in the world. The 5 major steel plants of this organization are located at Bhilai, Rourkela, Durgapur, Bokaro, and Burnpur, and 3 uncommon steel plants at Salem, Durgapur, and Bhadravathi. It represents the Steel Authority of India Limited.

Complete answer:
Being an Indian state-possessed steel making organization situated in New Delhi, India, Steel Authority of India Limited (SAIL) is claimed and worked by the Government of India with a yearly turnover of INR 66,267 Crore (US $\$ 9.32$ Billion) for the financial year 2018-19. Consolidated on 24 January 1974, SAIL has 68,742 representatives (starting at 01-Jun-2020). SAIL is the twentieth biggest steel maker on the planet and the third biggest in India having a yearly creation of $16.30$ million metric tons. Sri Anil Kumar Chaudhary is the current Chairman of Steel Authority of India Limited (SAIL).
SAIL works and claims 5 incorporated steel plants at Bhilai, Rourkela, Durgapur, Bokaro, and Burnpur (Asansol) and 3 unique steel plants at Salem, Durgapur, and Bhadravathi. It additionally claims a Ferro Alloy plant at Chandrapur. As a piece of its worldwide aspiration, the organization is going through a huge extension and modernization program including redesigning and fabricating new offices with an accentuation on best-in-class green innovation. As indicated by an ongoing review, SAIL is one of India's quickest developing Public Sector Units. SAIL follows its beginning to Hindustan Steel Limited (HSL) which was set up on 19 January 1954. HSL was at first intended to oversee just one plant that was coming up at Rourkela. For Bhilai and Durgapur Steel Plants, the starter work was finished by the Iron and Steel Ministry. From April 1957, the oversight and control of these two steel plants were additionally moved to Hindustan Steel. The enlisted office was first in New Delhi. It moved to Calcutta in July 1956, and at last to Ranchi in December 1959. The Ministry of Steel and Mines drafted an arrangement articulation to advance another model for overseeing the industry. The strategy proclamation was introduced to the Parliament on 2 December 1972. On this premise, the idea of making a holding organization to oversee data sources and yields under one rooftop was mooted. This prompted the development of The Steel Authority of India Ltd. The organization fused on 24 January 1973 with an approved capital of ₹2,000 crores (US$280 million) and in 1978 SAIL was rebuilt as a working Company.

Thus, option (C) is correct.

Note: A $50:50$JV with the Government of Kerala where SAIL has the board control to resuscitate the current offices at Steel Complex Ltd, Calicut and furthermore to set up, create and deal with a TMT moving plant of 65,000 MT limit alongside adjusting offices and assistants.