It is origin to the Hindusthan Steel limited which set an on 19 january 1954.It is initially designed to manage only one plant .It drafted a policy statement of steel and mines to evolve a new model for managing industry.On December 2nd 1972 the policy statement were pretend to it.for creating and hplding the company it has to manage the input and outputs of the company protection. So this become to lead the formation of steel authority of india limited.and finally this company was in corprated with 24 january 1973 with amount of capital at rs.
20000 crores to managing steel pants at various cities and states like Rourkela and burnpur and Durgapur ,bhilai. At last SAIL was restructured as on operating company in theyear of 1978.
SAIL is the largest steel produces company in india and it is the widest range of steel product.SAIL is an Indian state owned by steel making company based in new delhi.this company is the first public sector undertaking in india.
SAIL is owned and operate by government of india and its annual turnover of INR is 44,452 crore in the fiscal year of 2016-2017.
This company was incorporated on 24th January 1973. This company has 74,719 employes,14.38 million metric tons they have produced as annual production. In india it is the largest steel producer and one if the big steel producers in the world. It operates and owns 5 integrates steel plant and 3 special plant in the city and state of salem,Durgapur and badhravadhi. It is undergoing with the massive production and expansion of inoving and upgrading new facilities.
It is the fastest growing public sector units and also it has R and D center for iron and steel(RDCIS). Its revenue is rs.58,042.91 crore in 2018. And operating income is rs. -785.37 crore in the year of 2018. Net income is -481.24 crore and the total assets of the company is rs.106,539.47 crore.
Some major units that SAIL has integrated steel plants are as follows RSP( Rurekela steel plant) BSP(Bhilai steel pant) DSP(Durgapur steel plant) IISCO(Steel plant at burpur )
Special steel plant are operated in 1) Alloy steel plant 2) Salem steel plant 3) Vivesvaraya steel pant
It also has join venture between SAIL and NATIONAL THERMAL POWER LTD. To managing the capital power in Rurekela and Durgapur. To implementing of 500MCN it installed additional capacity of units power plant. The government of india owns about 75% SAIL’s equity and retain control of voting power.
For latest updates about SAIL’s march 31st 2015 SAIL has 93,352 empoyees as compared in the year of 2002.13.9 million tons of crude steel produced by SAIL and operating at 103% of installed units capacity.during electricity it geerated totally 710 MV of units. Feature plans of SAIL is looking forwarded to establish full capacity units and plant in andrapradesh and telengana to set up the plant.
To be an good and effective and efficient power steel producer .
Looking for respected world class corporation and it is the leader in Indian business in four forms. They are, quality, productivity, profitability, customer satisfaction
SAIL PRODUCTS AND SERVICES
SAIL is one of the largest companies in India. It is usually engaged in long products. They are crane rails, bars, wire rods, HR coils, sheets and scalp, plates CR coils and sheets, tin plates and electrical sheet. Another such products are also produced by SAIL are big iron and fertilizers such as calcium ammonium nytrate, coal chemicals etc.
And its services with more than new quality and strong product with various product offering to meet the need of economy.
SAIL SHAREPRICE
According to SAIL the current share of SAIL is as 05-02-2019 is rs.47.30 INR.
COMPETITORS OF SAIL
The competitors of SAIL includesa, anchal Ispat ltd, AML steel ltd, balaji Industrial corporate ltd, deepti alloy steel lt. These are the major various competitors of SAIL in India.
COMPOSITION OF BOARD
Anil kumar chaudhary (chairman and managing directors)
INDEPENDENTDIRECTORS
DR samarh singh, CA parmod bindal, MS anush vaish, PROF.narendra kumar taneja.
PLANNING DIRECTOR
DR.G vishwak Arma
PERSONNEL DIRECRTOR
Shri Atul sriva stave
TECHNICAL DIRECTOR
Shri harinand Rai
INDUSTRY ANALYSIS
In a core sector steel industry tracks the economic growth. It is derived from the another sector like automobile, consumer durables etc and its is dependent on growth of these user industries. This steel authority of India have enjoys the certain advantage of avaolability of raw material and cheap labor cost. This is the main advantage in SAIL. This provides the most cost advantage in steel industry.
About 60% of crude steel resident with integrated steel producers. the GDP of steel authority of India secured and contribute only at 2% in the year of 2017 April. The crude steel completed their production with respected units of 72.5 and 79.3 MTunits.
In globally, India was only major consuming steel market. They can import from china, japan, south korea and Russia. To balancing between the import and domestic demand they increase the price of steel in global market.
PORTER’S FIVE FORCE MODEL
THREAT OF NEW ENTRY
Economies of scale and experience, high capital requirements. The strengths of established relationship with the customers and suppliers, well known about the suppliers, their operations prices, high and good quality needs.
BUYER POWER(HIGH)
Many small operations in the supplying industry and supplying the standardized products. Negotiation and concentration power of buyers. Low switching costs, buyers are well informed about the suppliers,operational price.
SUPPLIER POWER(HIGH)
Only concentration of suppliers in supplying the differentiated products, more small buyers in the market. Very high switching cost, here, suppliers are well informed about the buyers, and their operations and their needs.
THREAT OF SUBSTITUES
· Substitution of the products like price and performance of the ratio. Substitution of need, medium to low, cannot replaced completely, cost differential is also very high.
COMPETITIVE RIVALRY
Number of low entry barriers are low. Substitutes(replacing the product by various product)threaten, buyers or suppliers exercise control, Ratio are fairly concentrated in very low.
SWOT ANALYSIS
STRENGTH
More availability of iron ore and coal, labor wage rates are low, abundance of quality manpower, production base are mature
WEAKNESS
Unscientific mining, import dependence of coking coal, low investment of research and development(R and D), inadequate infrastructure.
OPPORTUNITIES
Very unexplored rural market, growing and continuous domestic demand, more exports, consolidation.
THREATS
China becoming net exporter, protectionism in the west, dumping by competitors(careless or hurried way), global economic slowdown.
STRATEGY
The following has been used by the SAIL for establishing their offering in new growth areas like.
SOLAR
More strategic power with SAIL formation to setting up for manufacturing product with more solar cell and modules with high consumption of units.
NUCLEAR
It generates for high and new rating more than the 700MW units.
TRANSPOTATION
Far reaching export of steel product in 200 countries around the world. They can transport the services by the way of road, rail and sea. Most of the transportation are done by the way of sea routes because of the high and heavy materials. by carrying the roadways is not that much easy to export it. But they are sending the light weight materials and equipments through the road way and high requirement of materials done by the sea ways. By carrying the sea ways the materials are reached at the correct period of time. So the steel authority of India mostly prefers to carry the materials and heavy equipments through the water/ sea ways.
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