Steel Authority of India Ltd

NSE: SAIL BSE: 500113

₹170.49

+2.99 (1.79%)

Thu, 05 Nov 2026, 09:43 pm

MTF 5xInvest in Steel Authority of India Ltd with 5x Leverage Buy with MTF

Market Cap (in Cr)68979.77

PE Ratio12.57

Dividend1.41

Non-Energy Minerals

Steel

24.5K

Steel Authority of India Ltd Company History

1960

Alloy steel plant installed at Durgapur, West Bengal with Japanese assistance.

1968

SAIL takes over management of Maharashtra Elektrosmelt Ltd.

1973

SAIL formed on 24 January as holding company.
CEDB converted to MECON; Bolani Ores, Metal Scrap Trade, Mysore Iron & Steel become subsidiaries.
Maharashtra Elektrosmelt, Visvesvaraya Iron and Steel, IISCO, IISCO-Ujjain Pipe & Foundry become subsidiaries.

1974

SAIL International Ltd. incorporated.

1976

Durgapur Mishra Ispat, Bhilai Ispat, Rourkela Ispat formed as subsidiaries.

1978

MECON, HSCL, NMDC, BRL, IFICO, BCCL delinked from SAIL.
Indian Iron & Steel Co. Ltd. becomes SAIL subsidiary.

1980

273,32,471 shares allotted to President of India.

1981

44,39,100 shares allotted to President of India.

1982

Salem Steel Plant inaugurated.
Salem designed for 32,000 TPA cold rolled stainless steel, planned to 70,000 TPA.
MSTC ceases to be subsidiary.
4,39,300 shares allotted to President of India.

1983

20,16,442 shares allotted to President of India.

1984

16,05,800 shares allotted to President of India.

1985

Open hearth furnace No. 10 converted to twin hearth.
28,83,360 shares allotted to President of India.

1986

Phase-I expansion units commissioned.
Vacuum arc degassing unit and second normalising furnace added.
5,23,100 shares allotted to President of India.

1987

3,95,200 shares allotted to President of India.

1988

Visvesvaraya Iron & Steel becomes SAIL subsidiary.
Bhilai Steel Plant installs blast furnace bell-less top.
90,000 shares allotted to President of India.

1990

Modernisation programme started for 1.9 million TPA crude steel.
90,000 shares allotted to President of India.

1991

19,90,75,400 equity shares transferred to FIs, banks, mutual funds.

1992

R&D Centre for Iron & Steel (RDCIS) established.
4,384,445 shares allotted to President of India.

1993

Government approves BSL modernisation stage-I.
Consultancy division launched.
JV floated with USX Engineers.
Rs 795 crore bonds issued.

1994

New sinter plant III, oxygen plant II expansion implemented.
C O Battery No. 10 commissioned.
Multiple units commissioned at plants.

1995

BOF shop, CCP, new sinter plant stabilised.
Hot rolling mill operation stabilised.
SAIL ventures into Bhilai power project JV.
SAIL issues Rs 710 crore non-convertible bonds.

1996

Government clearances obtained for JVs.
Romelt JV agreement signed.
Rowghat iron ore project clearance resumed.
SAIL launches Euro issue of US $125 million GDRs.

1997

Continuous casting machines, steel refining unit, coiler-4 installed.
Rail and structural mill modernisation stage 1 commissioned.
SAIL plans steel rolling mill at Da-gaon.
Salem hot rolling mill receives ISO-9002.
SAIL proposes JV with CIL for collieries.
Sailcon agrees with USX for Tisco consultancy.
SAIL signs with NSD for depository trading.
SAIL plans JVs and upgradation.
SAIL considers JV for Durgapur finishing mills.
SAIL signs with TRF for Bhilai blast furnace technology.

1998

SAIL offers fixed and cumulative deposit schemes.
CIL contemplates JV with SAIL for new coal mines.
SAIL seeks overseas marketing tie-ups.
CIL and SAIL agree on coal supply.
SAIL develops new mines via JVs.
Romelt-SAIL signs with Jindal Strips for feasibility.
Bhilai Steel Plant awarded national quality award.
RDCIS signs MoU with Usha Martin.

1999

SAIL ties up with Tyazpromexport for Kulti Works castings and pig iron.
SAIL considers power JV with Enron.
SAIL joins Ulsab-AVC consortium.
SAIL considers additional facility at Salem via JV.
SAIL and unions work to make ASP viable.

2000

Rourkela Steel Plant plans to increase saleable steel to 1.7 MT by 2001-02.
SAIL signs MoU with Egypt's MICOR for training centre.
CRISIL upgrades ratings.
SAIL proposes JV for IISCO.
SAIL signs MoU with Ministry of Steel for restructuring.
Bokaro increases HRC capacity.
SAIL sets up restructuring office.
SAIL expands marketing network.
SAIL receives response for IISCO JV tender.
SAIL plans next VRS round.
SAIL launches millennium media campaign.
SAIL shortlists partners for Salem Steel Plant JV.
Durgapur Steel Plant sets up slag granulation plant.
Bokaro commissions computerised PPC system.
SAIL forms JV with Bansal Mechanical Works for steel service centre.
SAIL, Tata Steel, Kalyani form JV for e-commerce metaljunction.com.
SAIL plans VRS for 10,000 workers.
RDCIS signs MoU with MECON.
SAIL and NTPC plan JV for power plants.
SAIL prioritizes hive-off of non-core activities.
SAIL defers VRS to next year.
SAIL formalizes metaljunction.com JV.

2001

SAIL launches voluntary retirement scheme.
ASP considers another VRS before sale.
Bhilai Steel Plant receives notice for Rs 7 crore water dues.

2002

S N Mishra appointed part-time director.
Deepak Parekh resigns as director.
D P Singh appointed director.
M K Moitra ceases as director.
Isher Judge Ahluwalia resigns.
Sanak Mishra appointed MD Rourkela.
V S Jain takes charge as Chairman.
R C Jha ceases as director.

2003

Ashis Das appointed Director (Personnel).
A K Singh ceases as director.
V K Agarwal, P K Sengupta, Amit Mitra, A H Jung appointed part-time directors.
SAIL e-business achieves Rs 100 crore.
Losses reduce 70% in 2002-03.
Bhilai Steel Plant develops special grade steel for naval warships.
Durgapur Steel Plant develops target steel for defence.
SAIL exports jump 40%.
Share price hits 52-week high Rs 31.90.
SAIL gets new bloom caster for DSP.
SAIL enters top ten marketcap at 7th slot.
D P Singh ceases as director.
S Y Quraishi appointed director.
Suresh Pandey ceases; U P Singh appointed MD Bokaro.
Bhilai plant records Rs 320 crore steel exports.

2004

SAIL repays Rs 3,000 crore to FIs.
R P Singh appointed MD of Bhilai Steel Plant.
Metaljunction partners with UTI Bank.
SAIL allies with CIL for Mozambique coal mines.
SAIL R&D receives Golden Peacock Innovation Award.
SAIL ties up with Kudremukh Iron Ore.
SAIL signs strategic agreement with BHP Billiton.
SAIL ties up with Durgapur Projects.

2005

GAIL ties up with SAIL.
SAIL delists shares from ASE effective January 28.
Bhilai Steel Plant adjudged best performing steel plant for 2003-04.
SAIL delists shares from CSE effective December 21.

2006

SAIL joins BCCL for Moonidih mine development.
P K Sengupta, Javaid Akhtar, Vinayshil Gautam appointed part-time directors.

2007

S Bhattacharya appointed Director (Finance).
S S Ahmed appointed Director (Commercial).
MoU with MOIL for ferro alloys JV.
MTI signs MoU with IIM Indore.
SAIL signs traffic pact with RVNL.
B S Meena appointed director.
V K Gulhati appointed Director (Technical).

2008

S P Rao appointed MD of IISCO Steel Plant.
SAIL signs JV with Jaiprakash Associates for Bokaro cement plant.
SAIL signs MoU with L&T for captive power plants.

2009

SAIL forms JV with Coal India, RINL, NMDC, NTPC for International Coal Ventures.
SAIL plans over Rs 10,000 crore expansion investment.
SAIL considers JV with NMDC for Karnataka steel plant.

2010

SAIL signs MoU with Kobe Steel for strategic collaboration.
Chandra Shekhar Verma appointed Chairman.
SAIL signs MoUs with BIMTECH, IMT, IIIT for chairs.
SAIL starts Rs 39 crore unit at Salem.
SAIL forms 50:50 JV with Shipping Corporation of India.
SAIL awarded SCOPE Meritorious Award for Environment Excellence.

2011

SAIL bags Randstad Award for HR Practices.
SAIL receives Wockhardt Shining Star CSR Award.
SAIL receives Golden Peacock Environment Management Award.
SAIL signs MoU with IRCON for rail projects.
Maharashtra Elektrosmelt Ltd merges with SAIL.

2012

SAIL signs MoU with ABB for employee technical training.
SAIL signs 50:50 JV with Burn Standard for wagon components facility.
SAIL receives MoU Excellence Award for 9th consecutive year.

2013

Board recommends final dividend of Rs 2 per share.
SAIL wins PSE Excellence Award for CSR and Sustainability.
Bhilai Steel Plant bags National Energy Conservation Award.

2014

ICVL acquires 2.6 billion tonnes coal resource from Rio Tinto in Mozambique.
SAIL awarded Good Corporate Citizen Award by PHD Chamber.
Bhilai Steel Plant wins National Energy Conservation Award.
Secretary Steel inaugurates new sinter plant and coke oven battery at Bhilai.

2015

Bokaro Steel Plant completes modernisation phase with Rs 6,325 crore investment.
SAIL signs MoU with ArcelorMittal for auto body steel.
SAIL sets up steel processing unit at Billowa with Prime Gold.
SAIL wins export contract for rails to Iran.
Rourkela Steel Plant sets up power generation unit.

2016

SAIL signs MoU with POSCO.

2017

SAIL supplies 70% steel for Tuirial Hydro Electric Project.
ASP awarded for indigenization and import substitute steel plates.
Ministry of Steel Pavilion receives IITF Special Appreciation Certificate.
SAIL supplies special steel for INS Kiltan.
SAIL signs technical service agreement with POSCO for IISCO.
SAIL receives SCOPE Award for Best HR Practices.

2018

SAIL receives 15th National Award for Excellence in Cost Management.
SAIL partners with Airports Authority under UDAN.
SAIL launches SAIL SeQR TMT bars.
SAIL introduces pension scheme for ex-employees and employees.

2019

Rourkela Steel Plant bags Golden Peacock CSR Award.
SAIL receives CII HR Excellence Award.
SAIL gets approval to manufacture shipbuilding grade plates.
SAIL inks pact with NHA for Ayushman Bharat empanelment.

2020

SAIL receives Top Rankers Excellence Award for Corporate Communication.
SAIL partners with Apollo Hospitals for knowledge sharing.
SAIL collaborates with Max Healthcare for COVID handling.
SAIL becomes largest domestic crude steel producer in FY20.
SAIL recognizes employees in Corporate Awards for Excellence.

2021

Rourkela Steel Plant crosses 92 MT crude steel production.
SAIL wins six PRSI national communication awards.
SAIL receives Golden Peacock Environment Management Award.
SAIL iron ore mines receive 5-Star awards for sustainable mining.

2022

SAIL supplies special steel for INS Udaygiri and INS Surat.
SAIL signs agreement with AAI for Rourkela airport under RCS UDAN.
SAIL achieves Rs 10,000 crore procurement through GeM.

2024

SAIL wins eight national awards for communication excellence.