NERVE OF STEEL

SAIL | ES­TAB­LISHED IN 1973

India Today - - STATES - —M.G. Arun

EARLY DAYS

The steel ma­jor has its roots in Hin­dus­tan Steel Pri­vate Lim­ited (HSL), which was es­tab­lished in 1954 with the aim of lay­ing the in­fra­struc­ture for In­dia’s rapid in­dus­tri­al­i­sa­tion af­ter In­de­pen­dence. By the end of 1972, the gov­ern­ment felt the need to in­te­grate the pro­duc­tion of steel in the coun­try and de­velop a model for

its man­age­ment. It was sug­gested that an um­brella com­pany be formed to man­age the in­te­grated pub­lic sec­tor steel plants at Bhi­lai, Bokaro, Dur­ga­pur, Rourkela, Burn­pur and Salem. This led to the for­ma­tion of Steel Au­thor­ity of In­dia Ltd (SAIL) on Jan­uary 24, 1973, with an au­tho­rised cap­i­tal of Rs 2,000 crore. It was made an oper­at­ing com­pany in 1978. The 24th largest steel pro­ducer in the world is to­day one of In­dia’s largest em­ploy­ers.

THE FU­TURE

SAIL has iden­ti­fied five core ar­eas for busi­ness de­vel­op­ment—qual­ity and cost ef­fec­tive in­puts, pro­duc­tion ex­cel­lence, op­ti­mis­ing new as­sets util­i­sa­tion, and lever­ag­ing its hu­man cap­i­tal. It’s also in the last leg of a mas­sive Rs 70,000 crore mod­erni­sa­tion pro­gramme. A jump of 60-70 per cent in pro­duc­tion ca­pac­ity is ex­pected af­ter this is com­pleted.

DID YOU KNOW?

The Bokaro steel plant and city was planned and de­vel­oped by the then USSR gov­ern­ment. It had a colony of Rus­sians in the ini­tial years.

NMML

FIRED UP The Bhi­lai steel plant, which opened in 1959

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