Birth of the Company
SAIL traces its origin to the formative years of an emerging nation - India. After independence the builders of modern India worked with a vision - to lay the infrastructure for rapid industrialisaton of the country. The steel sector was to propel the economic growth. Hindustan Steel Private Limited was set up on January 19, 1954. Expanding the Horizon Hindustan Steel (HSL) was initially designed to manage only one plant that was coming up at Rourkela. For Bhilai and Durgapur Steel Plants, the preliminary work was done by the Iron and Steel Ministry. From April 1957, the supervision and control of these two steel plants were also transferred to Hindustan Steel. The registered office was originally in New Delhi. It moved to Calcutta in July 1956, and ultimately to Ranchi in December 1959.
Holding Company
The Ministry of Steel and Mines drafted a policy statement to evolve a new model for managing the industry. The policy statement was presented to the Parliament on December 2, 1972. On this basis the concept of creating a holding company to manage inputs and outputs under one umbrella was mooted. This led to the formation of Steel Authority of India Ltd. The company, incorporated on January 24, 1973 with an authorized capital of Rs. 2000 crore, was made responsible for managing five integrated steel plants at Bhilai, Bokaro, Durgapur, Rourkela and Burnpur, the Alloy Steel Plant and the Salem Steel Plant. In 1978 SAIL was restructured as an operating company.
Vision
To be a respected world class corporation and the leader in Indian steel business in quality, productivity, profitability and customer satisfaction.
Joint Ventures
NTPC SAIL Power Company Pvt. Limited (NSPCL): A 50:50 joint venture between Steel Authority of India Ltd (SAIL) and National Thermal Power Corporation Ltd (NTPC Ltd); manages SAIL's captive power plants at Rourkela, Durgapur and Bhilai with a combined capacity of 814 megawatts (MW). Bokaro Power Supply Company Pvt. Limited (BPSCL): This 50:50 joint venture between SAIL and the Damodar Valley Corporation (DVC) is managing the 302-MW power generating station and 660 tonnes per hour steam generation facilities at Bokaro Steel Plant.
Awards
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"Best of all" Rajiv Gandhi National Quality Award in 1993, 2006, and 2007 for their Bhilai and Bokaro plants.
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Quality Summit New York Gold Trophy 2007 (International Award for Excellence & Business Prestige) and Award of Excellence Maintenance for Sumitomo Heavy Industry & TSUBKIMOTO-KOGIO, Japan won by Alloy Steel Plant, Durgapur.
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SAIL was featured in the 2008 list of Forbes Global 2000 companies at position 647.
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Golden Peacock Award for Combating Climate Change – 2008 for BSP, Occupational Health and Safety- 2008 for BSL
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National Safety Award to Bhilai Steel Plant announced by the Ministry of Labour & Employment, Government of India – 2008
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Durgapur Steel Plant won the 2nd Prize in the Association of Business Communicators of India Awards – 2008.
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Ispat Bhasha Bharati. the Rajbhasha Journal of SAIL has been awarded with the first prize under the All India House Journal Award Scheme – 2008–09
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Salem Steel Plant received the prestigious Greentech Gold Award in Metal and Mining Sector – 2008–09.
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Golden Peacock Award for Corporate Social Responsibility won by Bhilai Steel Plant (BSP) for the third year in a row – 2009.
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Rourkela Steel Plant bagged the prestigious Srishti Good Green Governance (G-Cube) Award – 2009.
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Greentech HR Excellence Award bagged by Durgapur Steel Plant – 2009
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The steel township of Rourkela Steel Plant (RSP) has been ranked 14th in sanitation and cleanliness by Union Urban Development Ministry – 2009–10
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Greentech Safety Gold Award was bagged by Bhilai Steel Plant – 2010
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The HR Excellence Award by the Greentech Foundation won by Bhilai Steel Plant – 2010
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SSP has won the prestigious Greentech Silver Award in Training Category of Greentech HR Excellence Awards – 2010.
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Award for financial and operational strength by Indian Institute of Industrial Engineering (IIIE)- 2009–10
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Golden Peacock Environment Management Award – 2011
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Randstad Award for HR Practices and Employer Branding under 'Manufacturing Industries' category – 2011
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Maiden Wockhardt Shining Star CSR Award in the Iron & Steel Sector category – 2011.
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Salem Steel Plant (SSP) has won the prestigious National Sustainability Award for the 6th time in succession and 13th time since inception of the award from Indian Institute of Metals (IIM)- 2011
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