SAIL Net Profit Rises 31% To ? 3,470 Crore In March Quarter, SAIL Q4 Results: Steel Authority of India (SAIL) reported a jump of 31 per cent in net profit to Rs. 3,470 crore on a consolidated basis in the March quarter of fiscal 2021.

SAIL Target

Steel Authority of India Ltd (SAIL) is the leading steel-making company in India. The company is a fully integrated iron and steel maker, producing both basic and special steels for domestic con- struction, engineering, power, railway, automotive and defence industries and for sale in export markets. They are also among the seven Maharatnas of the countrys Central Public Sector Enterprises.

The company manufactures and sells a broad range of steel products, including hot and cold rolled sheets and coils, galvanised sheets, electrical sheets, structurals, railway prod- ucts, plates, bars and rods, stainless steel and other alloy steels. They produce iron and steel at five integrated plants and three special steel plants, located principally in the eastern and central regions of India and situated close to domestic sources of raw materials, including the companys iron ore, limestone and dolomite mines. 

The companys wide range of long and flat steel products are much in demand in the domestic as well as the international market. The companys Interna- tional Trade Division ( ITD), in New Delhi- an ISO 9001:2000 accredited unit of CMO, undertakes exports of Mild Steel products and Pig Iron from SAILs five integrated steel plants. With technical and managerial expertise and know-how in steel making gained over four decades, the companys Consultancy Division (SAILCON) at New Delhi offers services and consultancy to clients world- wide.

The company has a well-equipped Research and Development Centre for Iron and Steel (RDCIS) at Ranchi which helps to produce quality steel and develop new technologies for the steel industry. Besides, they have their own in-house Centre for Engineering and Technology (CET), Management Training Institute (MTI) and Safety Organisation at Ranchi. The Government of India owns about 75% of the companys equity and retains voting control of the company. However, SAIL, by virtue of their Maharatna status, enjoys significant operational and financial autonomy