6. Steel Authority of India Limited
Sales in 2007: Rs 34390.93 crore
SAIL is the sixth largest company in India with a turnover of Rs 34390.93 crore (Rs 343.90 billion).
Steel Authority of India Limited (SAIL) is the leading steel-making company in India. It is a fully integrated iron and steel maker, producing both basic and special steels for domestic construction, engineering, power, railway, automotive and defence industries and for sale in export markets.
Headed by S K Roongta, SAIL is ranked amongst the top ten public sector companies in India in terms of turnover. SAIL manufactures and sells a broad range of steel products, The government of India owns about 86 per cent of SAIL's equity and retains voting control of the Company.
However, SAIL, by virtue of its 'Navratna' status, enjoys significant operational and financial autonomy. SAIL produces iron and steel at five integrated plants and three special steel plants, located principally in the eastern and central regions of India and situated close to domestic sources of raw materials, including the company's iron ore, limestone and dolomite mines.
The company has the distinction of being India's largest producer of iron ore and of having the country's second largest mines network. This gives SAIL a competitive edge in terms of captive availability of iron ore, limestone, and dolomite which are inputs for steel making.
Image:IISCO Steel Plant | Photograph: SAIL
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