Chemicals & Materials

Steel Authority of India Limited

Company Profile Analysis

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Steel Authority of India Limited - Chemicals & Materials showcase

Year Founded & Workforce

1972-12-31

60,766 Employees

Industry

Chemicals & Materials

Services

S

Steel Authority of India Limited Overview

Company Headquarters: New Delhi, India

Founded: 1973

Workforce: ~60,766

Company Working: Steel Authority of India Limited (SAIL) is a metal and mining company owned by the government of India. A variety of iron and steel products, ferroalloys, including hot- and cold-rolled sheets and coils, electrical sheets, galvanized sheets, electrical steel, structural steel, railway products, and plates, are manufactured and sold by the company. Additionally, it produces stainless steel, other alloy steels, and bars and rods. The firm owns and runs integrated steel factories, special steel plants, and a ferroalloy facility in the eastern and central parts of India. Additionally, it owns and runs RMD flux mines, iron ore mines, consulting firms, and transport and shipping businesses. SAIL has its own captive iron ore mines for iron ore, which meet its requirement. SAIL has Kiriburu Iron Ore Mines, Meghahatuburu Iron Ore Mines, Gua Ore Mines, Manoharpur Iron Ore Mines, Bolani Ores Mines, and Barsua – Taldhi – Kalta mines. The company's captive mines produced about 34.15 million tons (Mt) of iron ore in 2021. It has Chandrapur Ferro Alloy Plant (CFP) consisting of three Submerged Arc Furnaces (annual production capacity: 1,90,000 tons of Ferro Manganese) for the production of Manganese-based ferroalloys; one Electric Arc Furnace for the production of medium carbon Ferro Manganese (annual production capacity: 2,500 tons); one 4.2 MW power plant; and two Sinter Plants (annual production capacity - 30,000 tons). The company's largest business is in India, and it exports to Europe and America.

Strategy

Steel Authority of India Limited seeks to develop its workforce, company operations, and people while expanding and deepening its market position. The company is pursuing growth through its current downstream related value-added and diversified product portfolio to participate in the entire value chain. The company is also leveraging its expertise in science and technology, having integrated manufacturing, developing, and growing its product portfolio. The company is working to increase the output of products and reduce the consumption of raw materials for those products. The company's major focus is on the market and product promotion, industrial upgrades, and achieving goals, such as high-tech steel products. Establishing a customer-centric marketing model, centering on the production line's resource allocation, coordinating based on the internet + business model, promoting industry chain downstream extension to high-end customers, and achieving a world-class level of market competitiveness and profitability are the main strategical goals for the company.

Company Snapshot

$8,596.1M

Revenue

60,766

Employees

1972-12-31

Founded

New Delhi, India

Headquarters

SWOT Analysis

Strengths

  • Strong product portfolio
  • Highly specialized human resource with extensive experience in ferroalloys business
  • Large production capacity
  • Strong government support
  • Diversified product portfolio
  • Strong distribution network

Weaknesses

  • Dependency on third parties for supply chain
  • Dependence on the Indian market
  • High debt levels
  • Limited international presence
  • Vulnerable to fluctuations in commodity prices

Opportunities

  • Investment in developing innovating and sustainable technology
  • Investment in developing innovating and sustainable technology
  • Expansion into new markets through acquisitions and partnerships
  • Development of new technologies to improve efficiency and reduce costs

Threats

  • Stringent government regulations
  • Stringent government regulations
  • Regulatory challenges in key markets
  • Fluctuations in steel prices and raw material prices
  • Slowdown in the construction and automotive industries

Key Developments

DateApproachDevelopment
July-2020Joint VentureSAIL signed an agreement with the National Mineral Development Corporation to set up a joint venture for developing iron ore mines in India.
Feb-2019ExpansionSAIL announced plans to invest Rs 4,000 crore in a new steel plant in Jharkhand, India.

Product Offering

  • Steel Authority of India Limited
    • Ferroalloys
    • Steel Rebars

Financial Performance

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About the Author

Wantstats Research Team

Wantstats' research desk profiles Steel Authority of India Limited as part of our ongoing coverage of the Chemicals & Materials sector, drawing on public company data, filings, and market intelligence.

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Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Steel Authority of India Limited

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