Steel Authority of India Limited is a central public sector undertaking based in New Delhi, India. It is under the ownership of the Ministry of Steel, Government of India with an annual turnover of ₹105,398 crore for the fiscal year 2022-23. Incorporated on 24 January 1973, SAIL has 59,350 employees.
Steel Authority of India (SAIL.NS) wants to increase coking coal purchases from Russia due to cheaper prices and is expecting four shipments, each with a capacity of 75,000 tons, in the quarter ending December. Since April, SAIL, the country's largest state-owned steel producer, had eight shipments from Russia.
| November 29, 2023 | India increases imports of coking coal from Russia amid sanctions |