Steel Authority of India Ltd
NSE: SAIL BSE: 500113
₹160.52
(1.27)%
Fri, 06 Feb 2026, 01:44 pm
Market Cap652.21B
PE Ratio23.78
Dividend1.01
Non-Energy Minerals
Steel
24.5Ksteel authority of india ltd 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.
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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800