The Steel Authority of India, commonly known as SAIL, is one of the largest and fastest-growing steel-making companies in the country. It is a government-owned company headquartered in New Delhi, India. The company, incorporated in 1973, had reported a consolidated total income of Rs. 25,398.37 crore as of March 2021. This was lower than the preceding year by 5.96%. The company has a market capitalisation of 34944 crore as of May 18, 2022.
The company is listed on the Bombay Stock Exchange (BSE) with the code 500113 and National Stock Exchange (NSE) with the code SAIL.
The company has five integrated steel plants in India—Bhilai Steel Plant in Chhattisgarh, Durgapur Steel Plant and IISCO Steel Plant in West Bengal, Rourkela Steel Plant in Odisha, and Bokaro Steel Plant in Jharkhand. It also has three special steel plants—Salem Steel Plant in Tamil Nadu, Alloy Steels Plant in West Bengal, and Visvesvaraya Iron & Steel Plant in Karnataka. SAIL manufacturers several steel products, including steel rods, pipes, bars, railways products, wheels, axles, stainless steel products, and more. It has Chandrapur Ferro Alloy Plant in Maharashtra and an Research & Development Centre for Iron & Steel (RDCIS) and the Centre for Engineering in Ranchi, Jharkhand.
At present, the chairperson of the company is Ms Soma Mondal, Mr Harinand Rai and Mr Brijendra Pratap Singh are the directors, S Jaykishan is the auditor, and some other prominent names in the company are—Mr Anirban Dasgupta, Mr Amit Sen, Mr N Shankarappa, and Mr Krishan Kumar Gupta.
As of May 19, 2022, SAIL share price (NSE and BSE) is trending at Rs. 80.20 per share. The last 52-week high for the Steel Authority of India share price was recorded at Rs. 145.90, and the 52-week lowest price was Rs. 78.85.
The company has invested in four mutual funds—2.55%in Kotak Equity Savings Fund Direct Growth, 2.02% in PGIM India Midcap Opportunities Fund Direct Growth, 1.37% in Edelweiss Arbitrage Fund Direct Growth, and 1.29% in L&T Arbitrage Opportunities Fund Direct Growth.
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