Hindustan Steel Limited (HSL) is formed. It comprised of four plants:
- Bhilai Steel Plant
- Rourkela Steel Plant
- Durgapur Steel Plant
- Alloy Steel Plant
Bokaro Steel Plant: First blast furnace inaugurated
Salem Steel Limited formed in Tamil Nadu
RDCIS established in Ranchi
Construction of Bokaro Steel Limited starts
Facilities commissioned at various HSL plants
Inauguration of integrated trial run of Meghahataburu iron ore project
SAIL becomes a Navratna company
IISCO merged with SAIL
Raw Material Division formed
Subsidiary Visvesvaraya Iron & Steel Plant (VISL) merged into SAIL
SAIL environment policy released
Bhilai produces first 80 meter long rail
SAIL led consortium forms International Coal Ventures Limited (ICVL) for acquisition of coal assets
Durga, India’s second largest blast furnace (Capacity: 4060 m3) comes up at RSP
Special grade steel from Bhilai and Rourkela used for building India’s first indigenouse aircraft carrier, INS Vikrant
Rail Mill at BSP produced world’s longest single piece rail measuring 130 mtr
Modernised and expanded BSP dedicated to the Nation by Hon’ble Prime Minister
LHB wheels developed and supplied by DSP
SAIL Launched its new ‘NEX’ brand Parallel Flange Section
SAIL launched its new branded TMT bars SAIL SeQR
Modernised steel plants at Rourkela and IISCO dedicated to the Nation by Hon’ble Prime Minister
SAIL becomes a Maharatna company
SAIL enterst into JV with NTPC to form NSPCL for captive power generation
Modernisation and expansion plan initiated to increase crude steel production to 21.40 MTPA
Rourkela Steel Plant’s first modernisation commissioned
First modernization phase initiated at Durgapur
SAIL takes over Maharashtra Electrosmelt Limited (MEL), subsequently renamed Chandrapur Ferro Alloy Plant (CFP)
SAIL gets listed in Bombay Stock Exchange
Indian Iron & Steel Company (IISCO) taken over as subsidiary
Wheel & Axle plant inaugurated at Durgapur
Formation of Steel Authority of India Limited (SAIL)
Rourkela: Parvati, first blast furnace lighted up
Bhilai: First blast furnace lighted up. First coke oven battery commissioned
Durgapur: First blast furnace lighted up.
Rail & Structural mill commissioned at Bhilai Steel Plant
SAIL traces its origin to the formative years of an emerging nation - India. After independence the builders of modern India worked with a vision - to lay the infrastructure for rapid industrialisaton of the country. The steel sector was to propel the economic growth. Hindustan Steel Private Limited was set up on January 19, 1954.
Expanding Horizon (1959-1973)
Hindustan Steel (HSL) was initially designed to manage only one plant that was coming up at Rourkela. For Bhilai and Durgapur Steel Plants, the preliminary work was done by the Iron and Steel Ministry. From April 1957, the supervision and control of these two steel plants were also transferred to Hindustan Steel. The registered office was originally in New Delhi. It moved to Calcutta in July 1956, and ultimately to Ranchi in December 1959.
The 1 MT phases of Bhilai and Rourkela Steel Plants were completed by the end of December 1961. The 1 MT phase of Durgapur Steel Plant was completed in January 1962 after commissioning of the Wheel and Axle plant. The crude steel production of HSL went up from .158 MT (1959-60) to 1.6 MT. A new steel company, Bokaro Steel Limited, was incorporated in January 1964 to construct and operate the steel plant at Bokaro.The second phase of Bhilai Steel Plant was completed in September 1967 after commissioning of the Wire Rod Mill. The last unit of the 1.8 MT phase of Rourkela - the Tandem Mill - was commissioned in February 1968, and the 1.6 MT stage of Durgapur Steel Plant was completed in August 1969 after commissioning of the Furnace in SMS. Thus, with the completion of the 2.5 MT stage at Bhilai, 1.8 MT at Rourkela and 1.6 MT at Durgapur, the total crude steel production capacity of HSL was raised to 3.7 MT in 1968-69 and subsequently to 4MT in 1972-73.
The Ministry of Steel and Mines drafted a policy statement to evolve a new model for managing industry. The policy statement was presented to the Parliament on December 2, 1972. On this basis the concept of creating a holding company to manage inputs and outputs under one umbrella was mooted. This led to the formation of Steel Authority of India Ltd. The company, incorporated on January 24, 1973 with an authorized capital of Rs. 2000 crore, was made responsible for managing five integrated steel plants at Bhilai, Bokaro, Durgapur, Rourkela and Burnpur, the Alloy Steel Plant and the Salem Steel Plant. In 1978 SAIL was restructured as an operating company.
Since its inception, SAIL has been instrumental in laying a sound infrastructure for the industrial development of the country. Besides, it has immensely contributed to the development of technical and managerial expertise. It has triggered the secondary and tertiary waves of economic growth by continuously providing the inputs for the consuming industry.