SAIL’s Volumes To Gain Traction Going Forward: ICICI Direct
Steel Authority of India Ltd. Rourkela Steel Plant in Odisha. (Photographer: Dhiraj Singh/Bloomberg)

SAIL’s Volumes To Gain Traction Going Forward: ICICI Direct

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Steel Authority of India Ltd. is one of leading steel producers in India, which has five large integrated steel plants (Bhillai steel plant, Rourkela steel plant, Durgapur steel plant, Bokaro steel plant and IISCO) spread across four states in eastern India (Chattisgarh, Odisha, West Bengal and Jharkhand).

In addition, the company also has three special steel plants (Salem Steel plant, Alloy Steel plant and Visvesvaraya iron and steel plant) and a Ferro Alloy plant at Chandrapur.

In FY20, the company reported saleable steel production of 15.1 million tonnes, while saleable steel sales volume for the period under review stood at 14.2 million tonnes.

The company also has iron ore mines in the states of Chattisgarh, Jharkhand and Odisha, which aids in meeting 100% of its iron ore requirements captively.

Click on the attachment to read the full report:

ICICI Direct SAIL Company Update.pdf

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