SENSEX NIFTY
Steel Authority of India > Company History > Steel - Large > Company History of Steel Authority of India - BSE: 500113, NSE: SAIL
YOU ARE HERE > MONEYCONTROL > MARKETS > STEEL - LARGE > COMPANY BACKGROUND - Steel Authority of India
Steel Authority of India
BSE: 500113|NSE: SAIL|ISIN: INE114A01011|SECTOR: Steel - Large
SET ALERT
|
ADD TO PORTFOLIO
|
WATCHLIST
LIVE
BSE
Jul 30, 16:00
87.35
0.4 (0.46%)
VOLUME 361,528
LIVE
NSE
Jul 30, 15:53
87.30
0.15 (0.17%)
VOLUME 3,055,434
Company History - Steel Authority of India
1960
 
 - The Alloys steel plant was installed at Durgapur in W. Bengal with
 Japanese assistance.  The plant with an installed capacity of 1 lakh
 TPA of ingot steel has capacity to produce 2.60 TPA of
 liquid steel with modern facilitie s such as VAD, VOD and continuous
 casting.  Special steels were produced such as armour plate, grade
 steel and many special grade alloys to meet vital
 and strategic needs of the country in areas of nuclear energy,
 defence, space.
 
 1968
 
 - SAIL took over the management of Maharashtra Elektrosmelt Ltd. a
 small compact company, at Chandrapur, Maharashtra for utilising some
 of its facilities for R&D works as well as
 maximising its production of ferro manganese for use in SAIL plants. 
 The unit produces several goods of special steels.  The Company
 proposed to diversify into manufacture of ferro alloys,
 low carbon pig iron etc.
 
 1973
 
 - Pursuant to a decision taken by the Government of India in January
 the Steel Authority of India, Ltd. was formed on 24th January, as a
 holding company for Steel and Associated input
 industries.
 
 - CEDB was converted into a separate company in the name of
 Metallurgical Engineering & Consultants (India), Ltd., Bolani Ores
 Ltd., Metal Scrap Trade Corporation and Mysore Iron & Steel Co. Ltd.
 became subsidiaries of SAIL.  Maharashtra Eleckrosmelt Ltd.,
 Visvesvaraya Iron and Steel Ltd., Indian Iron & Steel Co., Ltd.,
 IISCO-Ujjain Pipe & Foundry Co., Ltd. are all subsidiaries of the
 Company.
 
 - The Bhilai Steel Plant was set up in the late fifties at Madhya
 Pradesh with a capacity to manufacture 1 million TPA of ingot steel,
 with Russian Collaboration.  The products include
 heavy rails, heavy structurals , squares, merchant sections besides
 semis like blooms and billets and pig iron for sale.
 
 - The Durgapur Steel Plant was erected in W. Bengal in the late
 fiftees with British collaboration.  Set up as a 1 million TPA ingot
 steel capacity plant, it was subsequently expanded to 1.6
 million TPA in 1960.  The  plant is a major producer of railway
 materials like wheels and axles, fish plates and sleepers.  It also
 manufactures light and medium sections, merchant sections 
 and skelp.  The plant underwent continuous expansion in stage to 1.6
 million TPA of ingot steel and 1.239 million TPA of saleable steel.
 
 - The Rourkela Steel Plant was commissioned in the late fifties with
 the assistance of Federal Republic of Germany.  Situated in Orissa,
 the plant was the first of its kind of integrated steel
 plant in India and was designed to produce only flat products. It was
 the first plant to introduce basic oxygen furnace process.  It also
 has a fertilizer plant with a capacity to produce 4,60,000 TPA of
 calcium ammonium nitrate.
 
 1974
 
 - SAIL International Ltd., was incorporated to coordinate the export
 and import business.
 
 1976
 
 - Durgapur Mishra Ispat Ltd., Bhiali Ispat Ltd., an Rourkela Ispat
 Ltd., were formed as fully owned subsidiaries of SAIL for taking over
 the running business of Alloy Steels Plants, Bhilai
 steel Plant and Rourkela Steel Plant on tranfer from HSL.
 
 1978
 
 - On 1st May, Metallurgical & Engineering Consultants (India), Ltd.,
 Hindustan Steel Works Construction Ltd., National Mineral Development
 Corporation Ltd., Bharat Refractories Ltd., India Firebricks &
 Insulation Co. Ltd., and Bharat Cooking Coal Ltd. (1974), were
 delinked from SAIL.
 
 - The Indian Iron & Steel Co. Ltd. became a subsidiary of SAIL. The
 Kulti Works of this company, with an annual capacity of 1.57 lakh
 tonnes is the largest producer of cast iron and spun pipes.
 
 1980
 
 - 273,32,471 shares allotted to the President of India (124,43,829
 shares allotted for consideration other than cash).
 
 1981
 
 - 44,39,100 No. of shares allotted to the President of India.
 
 1982
 
 - The Salem Steel Plant was inagurated at Salem in Tamil Nadu in
 March.  It represents the dispersal of industries and balance
 regional development bringing the latest sophistication in cold
 rolling.  The products find application in major industries viz.,
 nuclear, petroleum, chemicals, fertilisers, food processing,
 Pharmaceuticals, dairy, household appliances,
 cutlery etc. 
 
 - The Salem Steel Plant designed to roll 32,000 TPA of cold rolled
 stainless steel strips and wider sheet was expected to be increased
 to 70,000 TPA by the installation of a Sendzimir mill.
 
 - On 21st May, MSTC ceased to be a subsidiary of the Company.
 
 - 4,39,300 No. of Shares allotted to the President of India.
 
 1983
 
 - 20,16,442 No. of shares allotted to the President of India.
 
 1984
 
 - 16,05,800 No. of shares allotted to the President of India.
 
 1985
 
 - A number of technological improvement schemes were undertaken, the
 most notable being the conversion of open hearth furnace No. 10 into
 twin hearth furnace.
 
 - 28,83,360 No. of shares allotted to the President of India.
 
 1986
 
 - All the Phase-I units under the plants' 4 million tonne expansion
 programme were commissioned.  A vacuum arc degassing unit was started
 in the converter shop and a second normalising furnace in plate mill
 was added.
 
 - 5,23,100 No. of shares allotted to the President of India.
 
 1987
 
 - 3,95,200 No. of shares allotted to the President of India.
 
 1988
 
 - The Visvesvaraya Irons & Steel Co. Ltd. became a subsidiary of SAIL
 with SAIL acquiring 60% of the shares of the Company.  It has an
 installed capacity of saleable steel to the tune of 77,000 TPA of
 alloy and special steel and 48,000 TPA of mild steel.  It produces
 200 varieties of sophisticated alloy steel and ferro alloys.
 
 - The Bhilai Steel Plant set up a blast furnace bell-less top
 charging system.
 
 - 90,000 No. of shares allotted to the President of India.
 
 1990
 
 - A modernisation programme was started to revamp and technologically
 upgrade the plant.  After the modernisation the plant is slated for a
 crude steel capacity of 1.9 million TPA.
 
 - 90,000 No. of shares allotted to the President of India.
 
 1991
 
 - 19,90,75,400 No. of equity shares of Rs 10 each transferred by
 Govt. of India (President) to Financial Institutions/Banks and Mutual
 Funds.
 
 1992
 
 
 - The Company produce various qualities and grades of iron and steel
 i.e., mild steel, alloy steel, special steel, stainless steel, ferro
 alloys, ERW pipes, spirally welded pipes, etc.  The Company's
 activities include planning, promoting and organising an integrated
 and efficient development of the iron and steel  and its associated
 input industries such as iron ore, cooking
 coal, manganese, limestone etc.  It has a well equipped Research &
 Development Centre for Iron & Steel (RDCIS). 
 
 - The Company's R&D unit at Ranchi was set up with a view to promote
 continuous improvement in critical performance indices of the steel
 plant in order to increase productivity, reduce production cost and
 improve quality by production optimisation or by introduction of new
 technologies.  The centre undertook various collaborative ventures
 with agencies both in India and abroad.
 
 - 4384,445 No. of shares allotted to the President of India.
 
 1993
 
 - Government approval for modernisation of BSL stage-I were
 received.
 
 - The Company launched the consultancy division with a view to
 harness the resources and expertise in steel related areas and market
 engineering, technical, managerial and training services. 
 
 - The Company undertook to float a joint venture company in
 collaboration with USX Engineers & Consultants Inc., Pittsburg, USA
 for development and execution of technology and system
 integration for computer applications in basic industries such as
 those engaged in steel mining and metallurgy.
 
 - The Company issued bonds valuing Rs 795 crores by way of private
 placement to various financial institutions and banks.
 
 1994
 
 - Two major schemes viz. new sinter plant III and expansion of oxygen
 plant II were taken up for implementation.  C.O. Battery No. 10 was
 commissioned.
 
 - A number of production units like new sinter plant, basic oxygen
 furnace shop continuous casting plant were commissioned. At Rourkela
 steel plant, five of phase II modernisation packages  viz. power
 distribution, mobile equipment for RMHS - II sizing plant at Satara,
 Tarkera intake facilities and make-up water pump houses for Tarkera
 works were commissioned.
 
 1995
 
 - Under the modernisation programme, the new units like Basic Oxygen
 Furnace Shop (BOF), Continuous Casting Plant (CCP) and New Sinter
 Plant were stabilised.
 
 - The operation of hot rolling mill was stabilised in April 1996. 
 The mill would enable rolling of stainless steel and carbon steel
 slabs at Salem itself.
 
 - SAIL has ventured into setting up a power project at Bhilai in
 joint venture with M/s. Larsen & Toubro and CEA, USA Inc. 
 
 - The Company issued non-convertible bonds valuing Rs 710 crores
 through private placements to various financial institutions, banks,
 trusts, etc.
 
 1996
 
 - Government clearances were obtained.  Other joint venture options
 were at various stages of consideration in the area of manufacturing
 of slag cement and marketing of Romelt technology.
 
 - For Romelt technology, Government approval for investment by SAIL &
 Russian partners were received and joint venture agreement was signed
 with the promoters.
 
 - To augment availability of iron ore for Bhilai steel plant, the
 company planned to develop Rowghat iron ore mines for which MP
 Government recommenced clearance of Rowghat project subject  to
 signing of MOU between Ministry of Railways, MP Government,
 SAIL and NMDC for construction of Railway line from Dalli Rajhara to
 Jagdalpur from both end simultaneously. 
 
 - In March, the company launched an Euro Issues of US 5 million
 offering 96,33,90 Global Depository Receipts representing
 14,45,08,500 equity shares (1 GDR = 15 share) at an issue price of US
 .975 per GDR.
 
 1997
 
 - Major production facilities of modernisation like both continuous
 casting machines, steel refining unit and coiler-4 were installed.
 
 - The Modernisation of rail & structural mill (stage 1-phase) was
 commissioned.
 
 - A Steel rolling mill will be set up by Steel Authority of India
 Limited (SAIL) at Da-gaon, 60 km north-west of Guwahati. 
 
 - The hot rolling mill complex of the public sector Salem Steel
 Plant, a subsidiary of the Steel Plant, a subsidiary of the Steel
 Authority of India Limited (SAIL), has been awarded the
 ISO-9002 certification in a record period of one year within its
 commissioning.
 
 - The Company has proposed a joint venture with CIL for running the
 collieries and washeries to improve the quality and quantity to
 cooking coal.
 
 - Sailcon, the SAIL Consultancy Division, has entered into an
 agreement with USX Engineers and Consultants Inc of the US (UEC) to
 assist UEC in providing technical consultancy for its client Tisco
 for the installation of the galvanising lines at the Gopalpur
 complex.
 
 - The SAIL has signed an agreement with National Securities
 Depository Limited for admission of its shares eligible for trading
 on depository system through electronic mode.
 
 - SAIL is all set to hike its global presence through joint ventures
 and technological upgradation.  The joint venture was set up early
 last year to develop and market computer systems with specific
 reference to the steel, mining and metallurgical industries, based on
 the technology already implemented by its joint venture partners.
 
 - SAIL is already the lowest quoted scrip (Rs.21) on the Mumbai Stock
 Exchange's 30-share Sensex.
 
 - Steel behemoth Steel Authority of India is currently considering a
 joint venture for setting up two finishing mills at Durgapur Steel
 Plant to covert huge number of semis which
 constitute 50 per cent of the plant's total production even after the
 Rs 5,000 crore modernisation.
 
 - Public Sector Steel major Steel Authority of India has signed up
 TRF (formerly Tata Robins Fraser) for providing technology for the
 blast furnace upgradation project at its Bhilai steel plant in Madhya
 Pradesh.  TRF will provide the coal dust injection technology to
 improve the efficiency of the blast furnaces.
 
 1998
 
 - The largest steel conglomerate in the country, Steel Authority of
 India (SAIL), is offering deposit schemes - fixed and cumulative -
 for one, two and three years respectively.
  
 - In view of Steel Authority of India Ltd's (SAIL's) rising demand
 for cooking coal, Coal India Ltd (CIL) is contemplating a joint
 venture with SAIL for opening new mines.
 
 - SAIL is also looking for marketing tie-ups in the overseas market. 
 Some SAIL products like plates and intermediate steel products (semis)
 are well received in the international market.
 
 - In an effort to help the country save foreign exchange, Coal India
 Ltd (CIL) and Steel Authority of India Ltd (SAIL) have entered into
 an agreement for the supply of coal.
 
 - Steel Authority of India Ltd (SAIL) is taking up development of new
 iron ore, coal and limestone mines through joint ventures in the wake
 of increasing steel output and fast-depleting
 reserves of these inputs.
 
 - Romelt-SAIL India Ltd (RSIL), a joint venture between Steel
 Authority of India and three Russian companies offering the Romelt
 technology, has been signed up with the Jindal group
 flagship, Jindal Strips, for preparing a feasibility report for
 setting up a 300,000-tonne capacity Romelt plant in Raigarh, Madhya
 Pradesh.
 
 - The Bhilai Steel Plant (BSP) of Steel Authority of India Ltd 
 (SAIL) has been awarded the prestigious national quality award for
 the sixth time by the Indian Institute of Metals (IIM) for
 the year 1997-98. 
 
 - SAIL's research and development centre for iron and steel (RDCIS)
 which decided to undertake research work for the private sector,
 signed an MoU with Usha Martin Industries to carry out investigation
 of patented steel wire-rod and wire samples of the
 company.
 
 1999
 
 - The Steel Authority of India Ltd (SAIL) has forged a marketing
 tieup with Tyazpromexport (TPE) of Russia to sell the entire range of
 castings and pig iron produced by Kulti Works, a
 division of Indian Iron and Steel Company (Iisco).
 
 - The SAIL is all set to finalise a major power deal with Enron Power
 Corporation of the United States.  The deal envisages formation of a
 joint venture with the global power major
 acquiring 51-per cent equity in the new company.  The new company
 will take over Sail's captive power plants at Bokaro, Rourkela and
 Durgapur which have a combined capacity of about 550 MW.
 
 - Indian steel major SAIL has joined the Ulsab-AVC (ultra-light steel
 auto body-advanced vehicle concepts) consortium, a grouping of 28
 steel producing companies around the world formed to support the
 automotive industry's search for steel-based solutions to its
 long-term challenges.
 
 - Sail is considering setting up an additional steel making facility
 at Salem, through a joint venture or hiving off the entire SSP to
 create a separate subsidiary with it holding a
 majority stake.
 
 - The management and trade unions of Steel Authority of India Ltd
 (SAIL) have joined hands to make the public sector steel giant's
 loss-making subsidiary alloy steels plant (ASP) at
 Durgapur in West Bengal viable. 
 
 2000
 
 - Steel Authority of India's Rourkela Steel Plant is planning to
 increase its saleable steel production from 1.2 million tonne to 1.7
 million tonne per annum by 2001-02.
 
 - The Company signed a MoU with Egypt's public sector Metallurgical
 Industries Corporation (Micor) for the establishment of a modern
 technical and management training centre for the Egyptian steel
 industry.
 
 - Crisil has upgraded rating of company's Bond programme from BBB to
 BB and FD Programme from FB+ to FA-.
 
 - SAIL has proposed to convert lisco into a joint venture with the
 company having a minority shareholding.
 
 - The Company signed a memorandum of understanding with the ministry
 of steel, as directed by the cabinet, for the implementation of
 business restructuring with detailed
 milestones.
 
 - Steel Authority of India is increasing the capacity of hot-rolled
 coils (HRC) at Bokaro Steel plant to meet growing demand in the
 domestic market.
 
 - The Company has set up an office of restructuring at its corporate
 headquarters to facilitiate coordination on all aspects of the
 detailed business restructuring exercise it is
 currently engaged in.
 
 - The Company is expanding its marketing network by appointing
 wholesale dealers for medium and heavy structurals in select cities
 like Mumbai, Delhi and Chennai and plant locations like Bhilai and
 Durgapur.
 
 - The Company had received a good response to its global tender for a
 joint venture with its subsidiary, Indian Iron and Steel Company Ltd.
 
 - The Company would introduce the next round of voluntary retirement
 in the next two to three months.
 
 - The Company has launched a new millennium special media campaign to
 hardsell its wide range of products.
 
 - The Company has shortlisted Avesta Sheffield (UK) and Tata
 Steel/Usinor combine from the four parties which had expressed
 interest in being joint venture partners for its Salem Steel
 Plant.
 
 - Durgapur Steel Plant of Steel Authority of Indian Ltd will set up a
 slag granulation plant on build-own-operate basis to generate more
 revenue through better waste utilisation.
 
 - The Company will undertake the modernisation of the cold-rolled
 mill at its Bokaro steel plant.
  
 - The Durgapur Steel Plant of SAIL, has commissioned the computerised
 integrated production planning and control (PPC) system that helps in
 practically every aspect of plant operation
 and despatch.
 
 - The Company has formed a joint venture with Calcutta-based Bansal
 Mechanical Works to set up a steel service centre at Bokaro.
 
 - Private sector steel majors Tisco, Kalyani Steel and the public
 sector Steel Authority of India are all set to form a three-way joint
 venture for undertaking e-commerce activities in
 the steel sector.
 
 - Steel Authority of India Ltd., Tata Steel and Kalyani Steels Ltd.
 entered into an agreement for creation of an Internet-based global,
 independent B2B Steel Market place.
 
 - SAIL is likely to kick off a fresh round of voluntary retirement
 scheme on October to separate 10,000 of its worers during the current
 financial year.
 
 - Steel Authority of India Ltd's Research & Development Centre for
 Iron and Steel has signed a memorandum of understanding with MECON to
 enable complementary of strengths in Iron & Steel and allied areas.
 
 - Steel Authority of India Ltd and the National Thermal Power Corp.
 are set to begin for a joint venture for three captive power plants
 and associated units of SAIL.
 
 - Steel Authority of India has prioritised the hive-off of non-core
 activities over internal restructuring due to scarcity of funds.
 
 - The Company has deferred its Voluntary Retirement Scheme to reduce
 workforce by 10,000 until the next financial year.
 
 - Steel Authority of India Ltd, Tata Steel and Kalayani Steels Ltd
 signed a joint venture agreement for the formal creation of
 metaljunction.com Pvt. Ltd, to manage their e-marketplace,
 metaljunction.com. 
 
 - Steel Authority of India have to sell-off its power plants to
 National Thermal Power Corporation at a heavy discount.
 
 - The Company has entered into a joint venture with Tata Iron and
 Steel Co and Kalayani Steel for the creation of a company to manage
 their steel e-commerce venture, metaljunction.com.
 
 - The Steel Authority of India and National Thermal Power Corporation
 may float two separate joint ventures for hiving off SAIL's power
 generation business.
 
 2001
 
 - The Company has finally launched a new voluntary retirement scheme
 for its employees, which will begin from 20th February. 
 
 2001
 
 -The Alloy Steel Plant (ASP), a company from the Steel Authorityof
 India Ltd (SAIL) stable, may witness another voluntary retirement
 scheme (VRS) before it is sold off to a joint venture
 partner.
 
 - The Government has served a notice to the Steel Authority of India
 run Bhilai Steel Plant for recovery of dues to the tune of Rs 7 crore
 towards water charges by July 8.
 
 2002
 
 - Steel Authority of India Ltd has informed that on the nomination by
 Government of India, the Board of Directors of the Company at its
 meeting held on December 26, 2001 has approved
 the appointment of Shri S.N.Mishra IAS (Retd) as Part-time
 Non-Official Director on the SAIL Board.
 
 - Steel Authority of India Ltd (SAIL) has informed BSE that Mr.
 Deepak Parekh, Director, SAIL has resigned from the Board of
 Directors of the Company.
 
 - Steel Authority of India Ltd (SAIL) has informed that Government of
 India (GOI) has appointed Mr. D.P.Singh, as Director on the Board.
 
 - Steel Authority of India Ltd has informed that on superannuation
 Shri M K Moitra Director, Sail has ceased to be a Director on the
 Board of Directors of Steel Autho rity of India.
 
 -Steel Authority of India Ltd has informed BSE that Dr Isher Judge
 Ahluwalia has resigned from the Board of Directors of the Company. 
 
 - Steel Authority of India Ltd has informed BSE that on nomination by
 Government of India, the Board of Directors of the company has
 approved the appointment of Dr Sanak Mishra as Managing Director,
 Rourkela Steel Plant, SAIL on the SAIL Board.
 
 -Steel Authority of India Ltd has informed BSE that on superannuation
 of Shri Arvind Pande from the services of the Company, Shri V S Jain
 has taken over the charge of Chairman, SAIL with effect from
 September 30, 2002 (AN).
 
 -Steel Authority of India Ltd has informed BSE that on superannuation
 Shri R C Jha Director Sail has ceased to be a Director on the Board of
 Directors of the company wef October 31, 2002 (A/N).
 
 2003
 
 -Steel Authority Of India Ltd. has informed that Govt. of India has
 nominated after approval of the BoD of Steel Authority of India Ltd
 (SAIL), Mr. Ashis Das has joined as Director (Personnel) on the Board
 of SAIL, w.e.f. June 18, 2003.
 
 -A K Singh ceases to be a Director of SAIL
 
 -Approves appointment of nominee directors Shri V K Agarwal, Shri P K
 Sengupta, Dr Amit Mitra and Shri A H Jung as Part time Non Official
 Directors on the Board
 
 -Mr. Amit Mitra, secretary general of FICCI, appointed as director on
 the board
 
 -SAIL e-business achieves Rs 100-cr business mark
 
 -Losses slide down by 70% in 2002-03 compared to 2001-02
 
 -Bhilai Steel Plant (BSP) developes a special grade steel for the
 country's naval warships in collaboration with the Defence
 Metallurgical Research Laboratory, Hyderabad
 
 -Durgapur Steel Plant (DSP) developes target steel for ballistic
 testing used in defence sector with stringent specifications
 
 -SAIL 2003-04 Exports jumps by 40 pc
 
 -Share price hits 52-week high of Rs 31.90 on 11/08/2003
 
 -SAIL gets new Bloom Caster for its DSP in West Bengal
 
 -Breaks into top ten in Marketcap chart, occupies 7th slot
 
 -D P Singh ceases to be director on the Board of SAIL
 
 -Government of India appoints Shri S Y Quraishi, additional secretary
 & financial advisor, Ministry of Steel, as director on the Board of
 Directors of Steel Authority of India Ltd on September 11, 2003
 
 -Shri Suresh Pandey has ceased to be a Director on Board of Directors
 of the Company wef November 30, 2003 (A/N). Further Shri UP Singh has
 been appointed as Director on the Board From December 1, 2003.
 
 -Mr U.P. Singh is the new Managing Director of SAIL's Bokaro Steel
 Plant. He took over charge of office from Mr Suresh Pandey, who
 superannuated on November 30.
 
 -Bhilai plant records Rs 320 crore steel exports
 
 2004
 
 -SAIL pays back Rs 3,000 crore to FIs
 
 -Mr. R P Singh inducted as the Managing Director of Bhilai Steel
 Plant (BSP)
 
 -Metaljunction (MJ)- the online trading and procurement joint venture
 of Tata Steel and Steel Authority of India (SAIL)- has roped in UTI
 Bank to start off own equipment for Tata Steel.
 
 -SAIL forges alliance with CIL to develop coal mines in Mozambique
 
 -SAIL R&D division gets Golden Peacock Innovation Award
 
 -SAIL ties up with Kudremukh Iron Ore
 
 -SAIL signs strategic agreement with BHP Billiton
 
 -SAIL ties up with Durgapur Projects
 
 -SAIL ties up with BHP Billiton
 
 2005
 
 -GAIL ties up with SAIL
 
 -Delist equity shares from The Stock Exchange, Ahmedabad (ASE) with
 effect from January 28, 2005.
 
 -Steel Authority of India Ltd's Bhilai Steel Plant has been adjudged
 the best performing steel plant in the country for 2003-04.
 
 -Steel Authority of India Ltd (SAIL) delists shares of the Company
 from The Calcutta Stock Exchange Association Ltd (CSE) with effect
 from December 21, 2005.
 
 2006
 
 -SAIL join hands BCCL to develop Moonidih mine
 
 -Steel Authority of India Ltd (SAIL) has informed that on nomination
 by Government of India, the Board of Directors of the Company has
 approved the appointment of Shri. P K Sengupta, Prof. Javaid Akhtar
 and Dr. Vinayshil Gautam as Part-time Non-official Directors on the
 Board of the Company.
 
 2007
 
 -Steel Authority Of India Ltd. has informed that On nomination by
 Government of India, the Board of Directors of Steel Authority of
 India Limited (SAIL) has approved the appointment of Shri S
 Bhattacharya, Executive Director, SAIL as Director (Finance), on the
 Board of Directors of SAIL.
 
 -Steel Authority of India Ltd (SAIL) has informed that on nomination
 by Government of India, the Board of Directors of the Company has
 approved the appointment of Shri. S S Ahmed, Executive Director, of
 the Company as Director (Commercial), on the Board of Directors of
 the Company.
 
 - Steel Authority of India Ltd (SAIL) has informed that the Company
 is signing on June 26, 2007 a Memorandum of Understanding (MOU) with
 Manganese Ore India Ltd (MOIL) for setting up of a Joint Venture
 Company (JVC) to produce ferro-manganese and silico-manganese.
 
 -SAIL has appointed Shri. V K Gulhati as Director (Technical) on the
 Board of Directors of the Company w.e.f. October 01, 2007.
 
 - Steel Authority of India Ltd's Management Training Institute (MTI)
 has inked a memorandum of understanding (MoU) with the Indian
 Institute of Management (IIM) Indore for conducting programmes
 together for various organisations in areas of mutual interest.
 
 -  Steel Authority of India Ltd (SAIL) has inked a traffic guarantee
 pact with Rail Vikas Nigam Ltd (RVNL) under the Ministry of Railways,
 for transportation of 5 lakh tonnes of imported coking coal per year
 using the Paradip-Haridaspur railway line.
 
 -Steel Authority of India Ltd (SAIL) has informed that Government of
 India has appointed Shri. B S Meena, Additional Secretary & Financial
 Adviser, Ministry of Steel as director on the Board of Directors of
 the Company
 
 2008
 
 -Steel Authority of India Ltd (SAIL) has informed that the Board of
 Directors of the Company has approved the appointment of Shri. S P
 Rao, Executive Director, SAIL as Managing Director, IISCO Steel Plant
 and Director on the Board of Directors of SAIL.
 
 -Steel Authority of India Ltd (SAIL) has informed that the Company on
 February 21, 2008 has signed a Joint Venture Agreement with M/s.
 Jaiprakash Associates Limited (JAL) for formation of a Joint Venture
 Company (JVC) to set up a cement plant for producing 2 million tonnes
 of Cement at Bokaro (Jharkhand) by using slag generated at Bokaro
 Steel Plant of SAIL.
 
 -Steel Authority of India Limited and Larsen and Toubro Limited (L&T)
 has signed a Memorandum of Understanding (MoU) to jointly set up,
 develop, manage and own captive/independent power plants at suitable
 location/s to meet future power requirements of SAIL.
 
 2009
 
 - SAIL signed a Joint Venture Agreement with Coal India Ltd,
 Rashtriya Ispat Nigam Ltd, NMDC Ltd and NTPC Ltd for setting up of a
 Special Purpose Vehicle i.e. International Coal Ventures Pvt. Ltd
 (ICVL) for acquisition of coal mines/block overseas for securing coal
 supplies.
 
 - Steel Authority of India (SAIL) will make an investment of more
 than Rs 10,000 crore mainly on expansion in this fiscal.
 
 - SAIL stated that it is open to partnering NMDC in setting up a
 steel plant in Karnataka, mainly catering to sectors like the
 automobile and consumer durables while NMDC, has proposed setting up
 a 5-MTPA steel plant in a joint-venture format.
 
 2010
 
 - Steel Authority of India Ltd and Kobe Steel Ltd have signed a
 memorandum of understanding (MOU) for comprehensive strategic
 collaboration covening technologies, projects and other areas. The
 MOU was signed by Mr. Hiroshi Sato of Kobe Steel and Mr. C S Verma of
 SAIL in the presence of Mr. P K Misra, Secretary (Steel) Government of
 India, and senior officials from Kobe Steel and SAIL on November 30,
 2010 in Tokyo.
 
 - Steel Authority of India Ltd (SAIL), Country's largest steelmaker
 announced the appointment of Chandra Shekhar Verma as the chairman
 following the retirement of S.K Roongta on May 31.
 
 - Steel Authority of India (SAIL) has inked memorandum of
 understanding (MoU) with Birla Institute of Management and Technology
 (BIMTECH), Greater Noida and Institute of Management Technology (IMT),
 Ghaziabad and is also entering into an agreement with International
 Institute of Information Technology (IIIT), Bangalore, for endowment
 of SAIL Chair.
 
 - SAIL Started Rs.39 Crore Unit at Salem
 
 - Steel Authority of India Limited (SAIL) inked an agreement with
 Shipping Corporation of India Ltd. (SCI) for setting up a 50:50 joint
 venture company.
 
 - SAIL was awarded SCOPE Meritorious Award for Environment Excellence
 & Sustainable Development for FY 2010
 
 2011
 
 - SAIL bagged Randstad Award for HR Practices & Employer Branding for
 2011 under 'Manufacturing Industries' category.
 
 - SAIL received the maiden Wockhardt Shining Star CSR Award in the
 Iron & Steel Sector category in 2011.
 
 - Maharatna SAIL has received the prestigious Golden Peacock
 Environment Management Award for the year 2011
 
 - SAIL - SAIL Signs MoU with IRCON for cooperation in rail
 infrastructure projects
 
 - Maharashtra Elektrosmelt Ltd (MEL), the 99.12% subsidiary of
 Maharatna Steel Authority of India Limited (SAIL), has been merged
 with Steel Authority of India Ltd (SAIL) which engages in the
 manufacture and sale of steel products in India since the government
 of India has approved the Scheme of Amalgamation.
 
 - Golden Peacock Environment Management Award 2011? in recognition of
 initiatives and achievements in the field of environment management. 
 
 
 
 2012
 
 - With an aim to provide impetus to its massive modernisation
 programme, Steel Authority of India Ltd (SAIL) which is a fully
 integrated iron and steel maker, producing both basic and special
 steels for domestic and for sale in export markets has inked a
 Memorandum of Understanding (MOU) with Swiss based company ABB which
 deals in robotics and automation technologies for the purpose of
 offering technical training to more than 4,000 of its employees
 during a period of 24 months.
 
 - Steel Authority of India Ltd has informed BSE that SAIL has signed
 a 50:50 joint venture agreement with Burn Standard Company Limited
 (BSCL) at Kolkata for setting up a Wagon Components Manufacturing
 Facility at the premises of BSCL at Jellingham, Purba Medinipore
 district, in West Bengal, with a capacity to produce 10,000 bogies
 and 10,000 couplers per annum. 
 
 - SAIL has been conferred with ‚MoU Excellence Award? for the year
 2010-11 for the 9th consecutive year. Chairman, SAIL received the
 Award from Hon'ble Prime Minister on 31st January, 2012 
 
Source : Dion Global Solutions Limited
Quick Links for Steel Authority of India
Explore Moneycontrol
Stocks     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | Others
Mutual Funds     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.