- Business
- Steel Authority of India Limited (SAIL) is India's largest state-owned steel producer and a Maharatna public sector enterprise under the Ministry of Steel, manufacturing a broad range of finished steel products including hot rolled coils and sheets; cold rolled products; galvanized products; TMT bars such as SAIL SeQR 550D; structural steel; plates; semis; pipes; wire rods; electrical steels; stainless steel products; pig iron; railway products comprising wheels, axles, rails and high-strength rails; and alloy and special steels for defense, oil and gas, and automotive sectors, produced at five integrated steel plants in Bhilai (Chhattisgarh), Rourkela (Odisha), Durgapur (West Bengal), Bokaro (Jharkhand) and IISCO Burnpur (West Bengal), three special steel plants in Salem (Tamil Nadu), Durgapur and Bhadravati (Karnataka), a ferro alloy plant in Chandrapur (Maharashtra), and several refractory units and central marketing and R&D facilities. Incorporated on January 24, 1973 and headquartered in New Delhi, the company operates primarily in India with raw materials sourced from captive iron ore and coal mines, serving domestic markets including infrastructure, railways, defense, construction and engineering sectors through an extensive marketing network. In recent developments, SAIL signed a memorandum of understanding with ABB India in 2025 to deploy digital twin technology at Rourkela Steel Plant for enhancing operational efficiency and sustainability; supplied 8,000 tonnes of critical-grade steel to the Indian Navy for frigates INS Udaygiri and INS Himgiri in August 2025; received the SCOPE Eminence Award for R&D, Technology Development and Innovation for 2022-23 from the President of India in August 2025; reported strong H1 FY26 financials with 8% year-on-year revenue growth to Rs 52,625 crore and 32% PAT increase to Rs 1,112 crore alongside 17% sales volume surge; and continues modernization efforts targeting capacity expansion toward 50 million tonnes annually by 2030 including plans for Bokaro, Burnpur and Rourkela plants.