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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. SAIL is also among the five Maharatnas of the country's Central Public Sector Enterprises. SAIL manufactures and sells a broad range of steel products, including hot and cold rolled sheets and coils, galvanised sheets, electrical sheets, structurals, railway products, plates, bars and rods, stainless steel and other alloy steels. 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 second 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. SAIL's wide range of long and flat steel products are much in demand in the domestic as well as the international market. This vital responsibility is carried out by SAIL's own Central Marketing Organisation (CMO) that transacts business through its network of 37 Branch Sales Offices spread across the four regions, 25 Departmental Warehouses, 42 Consignment Agents and 27 Customer Contact Offices. CMO¶s domestic marketing effort is supplemented by its ever widening network of rural dealers who meet the demands of the smallest customers in the remotest corners of the country. With the total number of dealers over 2000 , SAIL's wide marketing spread ensures availability of quality steel in virtually all the districts of the country. SAIL's International Trade Division ( ITD), in New Delhi- an ISO 9001:2000 accredited unit of CMO, undertakes exports of Mild Steel products and Pig Iron from SAIL¶s five integrated steel plants. With technical and managerial expertise and know-how in steel making gained over four decades, SAIL's Consultancy Division (SAILCON) at New Delhi offers services and consultancy to clients world-wide. SAIL has a well-equipped Research and Development Centre for Iron and Steel (RDCIS) at Ranchi which helps to produce quality steel and develop new technologies for the steel industry. Besides, SAIL has its own in-house Centre for Engineering and Technology (CET), Management Training Institute (MTI) and Safety Organisation at Ranchi. Our captive mines are under the control of the Raw Materials Division in Kolkata. The Environment Management Division and Growth Division of SAIL operate from their headquarters in Kolkata. Almost all our plants and major units are ISO Certified. Major Units Integrated Steel Plants
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Bhilai Steel Plant (BSP) in Chhattisgarh Durgapur Steel Plant (DSP) in West Bengal Rourkela Steel Plant (RSP) in Orissa Bokaro Steel Plant (BSL) in Jharkhand IISCO Steel Plant (ISP) in West Bengal
Special Steel Plants
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Alloy Steels Plants (ASP) in West Bengal Salem Steel Plant (SSP) in Tamil Nadu Visvesvaraya Iron and Steel Plant (VISL) in Karnataka
Maharashtra Elektrosmelt Limited (MEL) in Maharashtra
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Joint Ventures NTPC SAIL Power Company Pvt. Limited (NSPCL): A 50:50 joint venture between Steel Authority of India Ltd (SAIL) and National Thermal Power Corporation Ltd (NTPC Ltd); manages SAIL¶s captive power plants at Rourkela, Durgapur and Bhilai with a combined capacity of 814 megawatts (MW). Bokaro Power Supply Company Pvt. Limited (BPSCL): This 50:50 joint venture between SAIL and the Damodar Valley Corporation (DVC) is managing the 302-MW power generating station and 660 tonnes per hour steam generation facilities at Bokaro Steel Plant. Mjunction Services Limited: A 50:50 joint venture between SAIL and Tata Steel; promotes e-commerce activities in steel and related areas. Its newly added services include e-assets sales, events & conferences, coal sales & logistics, publications, etc. SAIL-Bansal Service Centre Limited: A joint venture with BMW Industries Ltd. on 40:60 basis for a service centre at Bokaro with the objective of adding value to steel. Bhilai JP Cement Limited: A joint venture company with Jaiprakash Associates Ltd on 26:74 basis to set up a 2.2 million tonne (MT) slag-based cement plant at Bhilai. Bokaro JP Cement Limited: Another joint venture company with Jaiprakash Associates Ltd on 26:74 basis to set up a 2.1 MT slag-based cement plant at Bokaro. SAIL & MOIL Ferro Alloys (Pvt.) Limited : A joint venture company with Manganese Ore (India) Ltd on 50:50 basis to produce ferro-manganese and silico-manganese required in production of steel. S & T Mining Company Pvt. Limited: A 50:50 joint venture company with Tata Steel for joint acquisition & development of mineral deposits; carrying out mining of minerals including exploration, development, mining and beneficiation of identified coking coal blocks. International Coal Ventures Private Limited: A joint venture company/SPV promoted by five central PSUs, viz. SAIL, CIL, RINL, NMDC and NTPC (with respectively 28.7%, 28.7%, 14.3%, 14.3% and 14.3% shareholding) aiming to acquire stake in coal mines/blocks/companies overseas for securing coking and thermal coal supplies. SAIL SCI Shipping Pvt. Limited: A 50:50 joint venture with Shipping Corporation of India for provision of various shipping and related services to SAIL for importing of coking coal and other bulk materials and other shipping-related business. SAIL RITES Bengal Wagon Industry Pvt. Limited: A 50:50 joint venture with RITES to manufacture, sell, market, distribute and export railway wagons, including high-end specialised wagons, wagon prototypes, fabricated components/parts of railway vehicles, rehabilitation of industrial locomotives, etc., for the domestic market. SAIL SCL Limited: A 50:50 JV with Government of Kerala where SAIL has management control to revive the existing facilities at Steel Complex Ltd, Calicut and also to set up, develop and manage a TMT rolling mill of 65,000 MT capacity along with balancing facilities and auxilliaries.
Ownership and Management
The Government of India owns about 86% of SAIL's equity and retains voting control of the Company. However, SAIL, by virtue of its µMaharatna¶ status, enjoys significant operational and financial autonomy
A Rich Heritage A flashback album of SAIL
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.
BSP.4) 23. is in the process of modernizing and expanding its production units.2) Figures in bracket indicate capacity after implementation of ongoing phase of modernisation and expansion to be completed by 2012-2013 . A new unit coming up at ISP Orders for all major packages of ISP & SSP and part packages of BSL.5 12.5) 24.2 (23.6 (21. The objective is to achieve a production capacity of 26.SAIL .6 13.1 (20.2 MTPA of Hot Metal from the base level production of 14.Into the Future Modernisation & Expansion SAIL.6 MTPA (2006-07 ± Actual). RSP & DSP Expansion have been placed and these packages are in various stages of implementation Objective of Expansion Plan y 100% production of steel through Basic Oxygen Furnace (BOF) route y 100% processing of steel through continuous casting y Value addition by reduction of semi-finished steel y Auxiliary fuel injection system in all the Blast Furnaces y State-of-art process control computerization / automation y State-of-art online testing and quality control y Energy saving schemes y Secondary refining y Adherence to environment norms Production Target The production target of hot metal. crude steel and saleable steel after Expansion is indicated below: (Million tonne per annum) Item Hot Metal Crude Steel Saleable Steel Base Case (2006-07) Actual 14.6 After Expansion 26. raw material resources and other facilities to maintain its dominant position in the Indian steel market.
subsidiary) during last 3 years are as follows: Year 2007-08 2008-09 2009-10 Total (Rs.Oxygen Plant at Durgapur Steel Plant Capital Expenditure Amount spent on Expansion Plan and other Capital Schemes of SAIL (incl./Crore) 2181 5233 10606 .
productivity.VISION To be a respected world class corporation and the leader in Indian steel business in quality. learning and is proactive to change. profitability and customer satisfaction. We uphold highest ethical standards in conduct of our business. We chart a challenging career for employees with opportunities for advancement and rewards. . CREDO We build lasting relationships with customers based on trust and mutual benefit. We value the opportunity and responsibility to make a meaningful difference in people's lives. We create and nurture a culture that supports flexibility.
52. (ii) products for nuclear and ordinary power plants. manage and own captive/independent power plant(s) at suitable location/s to meet future power requirements of SAIL including opportunities to own captive thermal coal blocks to cater to the power plants requirements. ) to carry out all share transfer .firstname.lastname@example.org . & (b) Exploration of upstream & downstream opportunities in utilising FINEX technology by both the companies Kobe Steel Limited (KSL). M/s MCS Limited.:: JVs :: MOUs SAIL has signed MoUs with several Indian and foreign companies to pursue its strategic interests: y POSCO. y Rashtriya Ispat Nigam Ltd.Korea: Strategic alliance for cooperation in a wide range of business & commercial interest areas. and stainless steel tube and/or any other products mutually agreed to between the parties. another MoU has been signed for joint venture initiative in the area of (a) manufacture & commercialisation of CRNO. Phase I.011-41709881. 51. Fax No:. y y y y y Shares Department Steel Authority of India Limited provides services to its shareholders through its Registrar and Transfer Agent. Pursuant to this. Hindustan Prefab Ltd (HPL): For jointly exploring the techno-economic viability of carrying out the business of prefabricated structures in steel and cement. Another MoU for collaborating and cooperating for studying the possibility of producing high value products such as (i) products for automobiles. such as forged material and tubing material. New Delhi 110020 (Tele. Larsen & Toubro Ltd (L&T): To jointly set up. National Mineral Development Corporation (NMDC): For jointly developing limestone mine at Arki in Solan district of Himachal Pradesh in 50:50 JV which will supply high grade low silica Limestone primarily to the steel plants of SAIL & NMDC. (RINL): For jointly exploring and developing high grade low silica limestone deposits of Qalhat in the sultanate of Oman for supply to steel plants of SAIL & RINL on a long term basis. the technical & economic feasibility of ITmk3 technology for producing premium grade iron nuggets using iron ore fines and non coking coal. located at F-65 Okhla Industrial Area. E mail: . develop. IRCON: For jointly working on infrastructure projects having transportation by rail/road as a component both in India and abroad.com. Japan: To explore by joint feasibility study. (iii) special alloy steels and bars.
.and other related activities on our behalf. Bank address.. SAIL Shares are under compulsory electronic trading mode. shareholders are required to convert their physical shares into dematerialized form through any of the depository participant. Account no. revalidation and issue of duplicate warrants Registration of Bank Mandates (Bank name. As such. As a part of good Corporate Governance. Bank MICR number) in case of shares held in physical form. Some of the important services provided to shareholders are: Transfer of Shares Transmission of Shares Transposition of Shares Conversion of Single holdings into joint holdings & Vice Versa Appointment of nominees Registration of Powers of Attorneys Changing name Updating change in addresses of shareholders Issue of replacement/split/consolidation of shares certificates Payment of dividend. SAIL has constituted a Shareholders/Investors Grievance Committee under the Chairmanship of an Independent Director along with Director (Personnel) and Director (Finance) of the Board of Directors of SAIL to look into complaint of shareholders.
897.Investor Relations SHARE HOLDING PATTERN AS ON 31ST MARCH ' 2009 Category of Shareholders GOI Financial Institutions & Banks Mutual Funds FII's GDR Companies/ Trusts Individuals * * Incl.491.400.391.90 Percentage (%) holding 85. of Holders 1 89 77 244 2 3.02 0.088 86.130 Total SHAREHOLDING PATTERN ( % of Equity) No.57 31.69 282.39 155.10 100 .70 2. Employees and NRI's 4.984 155.544.582 4. in Crs) 3544.567.49 0.76 0.661 31.563 354.84 0.72 86. of Equity Shares Held 3.606 Amount (Rs.230 No.64 28.130.76 3.545 358.82 6.690.282 282.345 28.718.955 643.
0 Procedures for responding to any queries or request by stock exchanges for verification of market rumors. In the absence of the Chairman / Director concerned. Such replies shall be signed by the Company Secretary who is also the Compliance Officer. . which relates directly or indirectly to a company and which if published is likely to materially affect the price of shares of the company. 2. and vii) Significant changes in the policies.3. 2. the reply can be sent only with the approval of the Executive Director / Additional Director (I/c).1Replies to all queries or requests for verification of market rumours shall by sent only after obtaining the approval of the Chairman / concerned Director. For this purpose Price Sensitive Information means any information. The following shall be deemed to be Price Sensitive Information. v) Amalgamation. such replies shall be signed by Deputy Company Secretary or such other officer as may have been authorized. Such replies shall also be kept on the Website of the company.2.Investor Relations :: Shareholding Pattern :: Code of Corporate Disclosures :: Code of Conduct Code of corporate disclosures practices for prevention of Insider trading 1. 2.1 Price Sensitive Information shall be given to the Stock Exchanges and disseminated promptly on a continuous basis. 2. A copy of such replies shall also be sent to other stock exchanges where shares of the company are listed.0 Corporate Disclosure Policy 1. iv) Any major expansions plans or execution of new projects. plans or operations of the company. i) Periodical Financial results of the company. In his absence. iii) Issue of Securities or buy back of Securities. vi) Disposal of the whole or substantial part of the undertaking. Mergers or Takeovers. ii) Intended declaration of Dividend (Both Interim and Final).
3 In order to avoid misquoting or misrepresenting it is desired that two Company representatives be present at the meeting with Analysts and Institutional Investors and the discussion should be recorded. 5.1 The Company should follow the guidelines given hereunder while dealing with Analysts and Institutional Investors. Interest. PAT.4. The date and time of receipt of such queries/request shall be recorded.4. 4. 5. Institutional Investors etc.2 Un-audited quarterly and half yearly financial results and audited annual financial results.2. i. PBDIT.1 The Compliance officer.1.5 AGM date etc.1. 4. 4. 3.0 Procedure for posting of Corporate Disclosure in company¶s website 5.1. 2.6 Book closure and Record date 5. audited annual financial results and dividend.1.4 Details of Turnover. 4. 5.1. 4. The unanticipated question may be taken on notice and a considered response be furnished later. the Secretary shall be responsible for ensuring that the company complies with the continuous disclosure requirements.7 Disclosure made to Analysts and Institutional Investors .1 The following information shall be continuously disclosed in the company¶s website: 5.5 The Company Secretary shall oversee corporate disclosure. 5. 5.0 Procedure for Disclosure / dissemination of Price Sensitive Information with special reference to Analysts.1 Intimation regarding date of Board Meeting in which the company approves the unaudited quarterly/half yearly financial results. Only Public information is to be provided to such Analysts and Institutional Investors.1.3 Details of dividend recommended by the board. Depreciation.0 Overseeing and coordinating disclosure 3. Replies to such queries shall be sent on priority basis preferably within 48 hours from the time of receipt of such query or request.e. 5. He shall be responsible for deciding whether a public announcement is necessary for verifying or denying rumours and then making the disclosure.2. etc.1.
1.0 Timely reporting of Shareholdings / Ownership and changes in Ownership. 1992 inserted by the SEBI (Insider Trading) (Amendment) Regulations.8 Information furnished to the Stock Exchanges under continuous disclosure requirement.02.1 Disclosure of Shareholdings / Ownership by major Shareholders and disclosure of changes in ownership as provided under any regulations made under the act and the listing agreement shall be made in a timely and adequate manner.4 It shall come into force with effect from the date on which it is approved by the Board of Directors / Chairman.5.3 The purpose of this code is to enhance further an ethical and transparent process in managing the affairs of the Company. 7.1. 6.2 The subject code has been framed specifically in compliance with the provisions of clause 49 of the listing agreement with stock exchanges. 1.e. 1.0 The above code has been framed in pursuance to the Regulation contained in clause 12(2) of Chapter IV of SEBI (Prohibition of Insiders Trading) Regulations.0 Introduction 1. . 20. 6.1 This code of Conduct (³this Code´) shall be called "The Code of Conduct for Board Members and Senior Management Personnel´ of Steel Authority of India Limited (hereinafter referred to as ³the Company´). 5.9 The Company Secretary shall be oversee the disclosures made in the company¶s website.2002 Investor Relations :: Shareholding Pattern ::Code of Corporate Disclosures :: Code of Conduct Code of conduct for Board members and senior management personnel 1.4 1.1. 2002 w.f.
All Senior Management Personnel of Steel Authority of India Limited. integrity.2.5 The term ³Senior Management Personnel´ shall mean all Chief Executive Officers and Executive Directors of the Company. 4. All part-time Directors. If the ethical and professional standards set out in the applicable laws and regulations are below that of the Code.3 The term ³Part-time Director´ shall mean Directors on the Board of Directors of the Company who are not in whole time employment of the Company.2 The term ³Whole-time Director´ shall be the Directors on the Board of Directors of the Company who are in whole-time employment of the Company. Definitions & Interpretations: 2.6 In this code words importing the masculine shall include feminine and words importing singular shall include the plural or vice versa.1 This code shall be applicable to the following persons: a.0 Key Requirements The Board Members and Senior Management Personnel must act within the authority conferred upon them and in the best interests of the company and observe the following code of conduct: y Shall act in accordance with the highest standard of honesty. y . c.4 The term ³Relative´ shall have the same meaning as defined in Section 6 of the Companies Act.2 The whole-time Directors and Senior Management Personnel should continue to comply with other applicable/ to be applicable policies. between the personal interest and the interest of the Company. rules and procedures of the Company. 3. 2.1 The term "Board Members" shall mean Directors on the Board of Directors of the Company. b. 2. 1956 (Refer Appendix-I) 2. 2. fairness and ethical conduct while working for the Company as well representing the Company without allowing their independent judgment to be subordinated and fulfill the fiduciary obligations. Applicability: 3. 2. 3. All whole-time Directors including the Chairman of the Company. then the standards of the Code shall prevail. Shall not involve themselves in making any decision on a subject matter in which a conflict of interest arises or could arise.
donations. Shall comply with all applicable laws. Shall avoid any relationship with a contractor or supplier that could compromise the ability to transact business on a professional. etc. Shall not seek or accept or offer directly or indirectly any gifts. rules and regulations and any violation thereon may make them personally liable.. Shall avoid entering into a contract by the Company with self or relative for leasing of the property and then effecting renovation therein with the Company s money. remuneration. y Shall avoid conducting business with a relative or with private Company in which the relative is a member or a public limited company in which a relative holds 2% or more shares or voting right or with a firm in which a relative is a partner. hospitability. Whole-time Directors and Senior Management Personnel are expected to devote their full attention to the business interest of the Company. Shall not derive benefit or assist others to derive benefit by giving investment advice from the access to and possession of information about the Company. vendors. unless the opportunity is disclosed fully in writing to the Company s Board of Directors and Chairman as the case may be. Whole Time Directors and Senior Management Personnel shall obtain approval of the Chairman prior to accepting Directorship of any other Company or partnership of a firm. the relevant facts shall be disclosed in writing explaining the circumstances that create or could create the conflicts of interest to: (a) Board of Directors in case of Directors (whole-time & part-time) and (b) Chairman in case of Senior Management Personnel for further directions in the matter. Directors and Senior Management Personnel may be subjected to disciplinary action by the Company for violation of provisions of law. The Board Members and Senior Management Personnel shall make timely disclosures of (i) trading in the shares of the Company. consultants. impartial and competitive basis or influence decision to be made by the Company. opportunities that are discovered through company s business. Shall not hold any positions or jobs or engage in outside businesses or other interests that adversely affect the performance of duties of the Company. Shall not serve as a Director of any other Company or as a partner of a firm that competes with the Company. information or position. Shall not exploit for their own personal gain. any commitment of fraud. Shall avoid having any personal and/or financial interest in works or contracts or any business dealing concerning the Company. opportunity for committing any fraud. favour in whatsoever form howsoever described by the customers.In the event of apprehending of such conflict of interest. illegal payments. to influence any business decision. that is perceived as intended. directly or indirectly. any act or failure to act. not in public domain and therefore constitute insider information. (ii) y y y y y y y y y .
which is not in the public domain and to which the Board Members and Senior Management Personnel has access or possesses such information. or (iii) is required to be disclosed in accordance with applicable laws. y Any information concerning the Company s business. vendors. suppliers. must be considered confidential and held in confidence. unless (i) authorized by the board . Shall strive to achieve highest quality. its customers. unless specifically authorized. remain vigilant and work towards growth and reputation of the company. to the press or any other publicity media. unless authorized to do so and when disclosure is required as a matter of law. Shall always keep in mind that they are accountable to company s stake holders viz.0 Enforcement of Code of Conduct . to which the officers have access or which is possessed by the officers. labour and information including intellectual assets and may not use these for personal use. etc. age. tolerance. y y y y y y y 5. Public representation and confidentiality of information : Any information regarding the company s business. respect for others and the principles of equal justice govern this imperative.transactions having personal interest and (iii) related party transactions that are required to be made under laws. shareholders. effectiveness and dignity in both processes and products of professional work and shall acquire and maintain professional competence continuously. customers. sex. Shall work unstintingly for eradication of corruption of all spheres of life. must be considered previlaged and confidential and should be held in confidence at all times and should not be disclosed to any person any person. or (ii) the same is part of the public domain at the time of disclosure . Shall not make any statement which has the effect of adverse criticism of any policy or action of the Government or which is capable of embarrassing the relations between the company and the public including all the stake holders. suppliers etc. Discrimination. religion. No Board Members and Senior Management Personnel shall provide any information either formally or informally. bring prior to the organization and provide value based services to company s stake holders and do duty conspicuously and without fear or favour. on the basis of race. its customers. employees and the society at large to which the company is responsible for its actions. Shall protect the Company s assets. Provided that nothing in this clause shall apply to any statement made or views expressed by a Board member which are purely factual in nature and are not considered as confidential in his official capacity or in due performance of the duties assigned to him. national origins or other such factors is an explicit violation of this code. The value of equality. unless authorized to do so. rules & regulations and Code for prevention of Insider Trading in the Securities of Steel Authority of India Limited. disability.
in good faith. vi. Any member of Board or Senior Management Personnel requiring any clarification regarding the code of conduct may contact the Compliance Officer Each Board Member and Senior Management Personnel shall be accountable for fully complying with this code.1 No waiver of any of the provisions of this code shall be valid unless. of this code or other Company policies. A proforma of Annual Compliance Report is annexed to this Code as Appendix-II. 6. . Company Secretary shall be the Compliance Officer for the purpose of this code.0 Insertion of the code in website As required by clause 49 of the listing agreement this code and any amendments thereto shall be posted on the website of the Company.0 Waiver of the code 6.. if any. including recommendations for any of the above penalty. removal from office and dismissal as well as other remedies. 6. reported a violation or a suspected violation of law. ii.2 The provisions of this code can be amended by the Board of Directors of the company from time to time.0 Affirmation of compliance of the code It terms of clause 49 of the listing agreement all Board members and Senior Management Personnel shall within 30 days of close of every financial year affirm compliance with the Code. iii. Compliance Officer shall report breach of this code. The Annual Compliance Report shall be forwarded to the Compliance Officer of the Company. the Board of Directors of the Company approves such waiver in case of Board members and by Chairman in case of Senior Management Personnel. Penalty for breach of this code by Senior Management Personnel shall be determined by the Chairman. iv. which comes to his notice to the: (a) Board in case of all Board members and (b) Chairman in case of Senior Management Personnel All Board Members and Senior Management Personnel shall be subject to any internal or external investigation of possible violations of this code The Company shall ensure confidentiality and protection to any person who has. 8. the same shall be examined by the Board Penalty may include serious disciplinary action. or against any person who is assisting in any investigation or process with respect to such a violation. v.i. 7. In case of breach of this code by the Whole-time Directors and/or Part-time Directors. to the extent permitted by law and as considered appropriate under the circumstances.
read and understood. the one is related to the other in the manner indicated in Schedule IA. he shall send a communication to the compliance officer affirming compliance of the code till the date of his association with the company.0 Acknowledgement of receipt of the code All Board Members and Senior Management Personnel shall acknowledge the receipt of this code in the acknowledgement form annexed to this Code (Appendix-III) indicating that they have received. Extract of Section 6 of the Companies Act. 9. A person shall be deemed to be a relative of another if. and agreed to comply with the code and send the same to the Compliance Officer. . Upon revision of this code. or c. or b. 1956 Meaning of ³relative´ 6.a. they are members of a Hindu undivided family. New Directors will sign such a deed (AppendixIII) at the time when their directorship begins.If any Director/Senior Management Personnel leaves the company any time during a financial year. they are husband and wife. and only if. the Board Members and Senior Management Personnel shall acknowledge and execute an understanding of the Code (Appendix-III) and an agreement to comply.
5. 10. 8. 16. 3. 6. 2. Sister s husband 1. 21. 7. . 17. 4. 18. 9. 13. 11. 20. 12. 14. 19.Schedule IA List of Relative Father Mother (including step-mother) Son (including step-son) Son s wife Daughter (including step-daughter) Father s father Father s mother Mother s mother Mother s father Son s son Son s son s wife Son s daughter Son s daughter s husband Daughter s husband Daughter s son Daughter s son s wife Daughter s daughter Daughter s daughter s husband Brother (including step-brother) Brother s wife Sister (including step sister) 22. 15.
Bhilai Steel Plant Nine .times winner of Prime Minister's Trophy for best Integrated Steel Plant in the country. and was later merged with SAIL. Its first Blast Furnace started on 2nd October 1972 and the first phase of 1. material and know-how.A PARTNER IN NATION BUILDING History Bokaro Steel Plant . Township and Dalli Mines. Among the long list of national awards it has won. At Bhilai IS0:14001 has been awarded for Environment Management System in the Plant. BOKARO STEEL PLANT . built with maximum indigenous content in terms of equipment. With an annual production capacity of 3. the plant also specializes in other products such as wire rods and merchant products. Bhilai Steel Plant (BSP) is India's sole producer of rails and heavy steel plates and major producer of structural. The Plant is hailed as the country¶s first Swadeshi steel plant.the fourth integrated plant in the Public Sector . all saleable products of Bhilai Steel Plant come under the ISO umbrella. first as a susidiary and then as a unit.7 MT . through the Public Sector Iron & Steel Companies (Restructuring & Miscellaneous Provisions) Act 1978. The plant is the sole supplier of the country's longest rail tracks of 260 metres.153 MT of saleable steel. It was originally incorporated as a limited company on 29th January 1964. Since BSP is accredited with ISO 9001:2000 Quality Management System Standard.started taking shape in 1965 in collaboration with the Soviet Union. These internationally recognised certifications add value to Bhilai's products and helps create a place among the best organisations in the steel industry. The Plant is accredited with SA: 8000 certification for social accountability and the OHSAS-18001 certification for Occupational health and safety. Bhilai has bagged the CII-ITC Sustainability award for three consecutive years. The construction work started on 6th April 1968. It is the only steel plant to get certification in all these areas.
ingot steel was completed on 26th February 1978 with the commissioning of the third Blast Furnace. With the completion of Hot Strip Mill modernisation. All units of 4 MT stage have already been commissioned and the 90s' modernisation has further upgraded this to 4. The modernisation of the Hot Strip Mill saw addition of new features like high pressure de-scalers. Tin Mill Black Plates (TMBP) and Galvanised Plain and Corrugated (GP/GC) Sheets.The moving force Bokaro Steel values its people as the fulcrum of all organisational activities. The saga of Bokaro Steel is the story of Bokaroans erecting a gigantic plant in the wilderness of Chhotanagpur. staving off stiff challenges in the liberalised era. New walking beam reheating furnaces are replacing the less efficient pusher type furnaces. hydraulic automatic gauge control. modernising its facilities and innovating their way to the top of the heap. coupled with fresh rolling and coating facilities. Brand Bokaro will signify assured quality and delivery. offering value for money to the customers. The new features added in modernisation of SMS-II include two twin-strand slab casters along with a Steel Refining Unit. Bokaro has provided a strong raw material base for a variety of modern engineering industries including automobile. Directions Bokaro Steel is working towards becoming a one-stop-shop for world-class flat steel in India. barrel and drum producing industries. Hot Rolled Plates. 1997 and the Continuous Casting Machine on 25th April. Bokaro is producing top quality hot rolled products that are well accepted in the global market. The Steel Refining Unit was inaugurated on 19th September. Cold Rolled Sheets. Bokaro is designed to produce flat products like Hot Rolled Coils. quick work roll change.5 MT of liquid steel. A new hydraulic coiler has been added and two of the existing ones revamped. . LPG cylinder. Hot Rolled Sheets. 1998. reaching milestones one after another. Cold Rolled Coils. People . The modernisation plans are aimed at increasing the liquid steel production capacity. pipe and tube. work roll bending. The new facilities will be capable of producing the most premium grades required by the most discerning customer segments. laminar cooling etc.
000 1.088 million tones of hot metal.000 15. PRODUCT-MIX Merchant Products Structural Skelp Wheels & Axles Semis Total Saleable steel TONNES/ANNUM 2.266 acres of land have been covered with 14 lakh plantations. . while bringing numerous technological developments in the plant. its geographical location is defined as 230 27' North and 880 29' East.8 million tones of crude steel and 1.000 8.088 million tonnes of hot metal. are covered under ISO: 9002 quality assurance certification. 1.1. DSP¶s Steel Making complex and the entire mills zone. Environment control Durgapur Steel Plant has always made relentless efforts to maintaining a healthy and clean environment. comprising its Blooming & Billet Mill. enhanced the capacity of the plant to 2. The units in DSP are provided with necessary pollution control facilities and the liquid effluents and chimney emissions from the plant are well within norms.80. A massive modernisation programme was undertaken in the plant in early 90's.07.:: DURGAPUR STEEL PLANT Set up in the late 50's with an initial annual capacity of one million tonnes of crude steel per year. The modernized DSP now has state-of ±the-art technology for quality steel making.61.000 Location Situated at a distance of 158 km from Calcutta. substantial improvement in energy conservation and better quality products.000 2. In order to develop healthy awareness about the environment amongst the younger generation.586 million tones of saleable steel annually. eco-clubs have been formed in DSP schools. DSP is all set to produce 2. Merchant Mill.6 million tonnes in the 70's. The modernized units have brought about improved productivity. Section Mill and Wheel & Axle Plant. With the successful commissioning of the modernized units. It is situated on the banks of the Damodar river.80. DSP has undertaken massive afforestation to maintain clean environment.000 58. Some 3.586 million tonnes saleable steel. Skelp Mill. the capacity of Durgapur Steel Plant (DSP) was later expanded to 1. The entire plant is covered under ISO 9001: 2000 quality management system.8 million tonnes crude steel and 1. The Grand Trunk Road and the main Calcutta-Delhi railway line pass through Durgapur.86. which.
complexes with eateries and a multiplex. its capacity was enhanced to 1.Centre for Human Resource Development DSP has always attached maximum importance on proper training and development of its employees. etc. It is also the first steel plant in SAIL and the only one presently where 100% of slabs are produced through the cost-effective and quality-centeric continuous casting route. The plant was modernised in the mid-1990s with a number of new units having state-of-the-art facilities. It is SAIL¶s only plant that produce silicon steels for the power sector. reducing cost and ensuring cleaner environment.9 million tonnes of crude steel and 1. is fast turning into the most happening city in the region. which telecast news and a gamut of other programs covering various aspects of plant and township activities.9 million tonnes. accompanied with quality brands making their presence felt in the market. the city is all set to undergo a change in its own lifestyle and in the outlook of its residents. Durgapur ± The Happening City Durgapur. With the change in the mindset of the people has come a change in the lifestyle also. Bengali and Hindi for extensive information of company affairs to the employees. RSP presently has the capacity to produce 2 million tonnes of hot metal. high quality pipes for the oil & gas sector and tin plates for the . Its Centre for Human Resource Development has all modern facilities including the state-of-the-art Electrical and Electronics laboratory.67 million tonnes of saleable steel. 1. Subsequently. which is on the main Kolkata ± New Delhi line. Quality consciousness has steeped in. the first integrated steel plant in the public sector in India. posh shopping malls. Communication The Public Relations Department publishes monthly house journals in English. Hydraulics and Pneumatics laboratory and workshop for effective training and development of its employees. was set up with German collaboration with an installed capacity of 1 million tonnes. Durgapur is fast turning into the central location for the entire region ± with the entry of big business houses and entrepreneurs. From a sleepy settlement. Most of the old units were also revamped for effecting substantial improvement in the quality of products. Rourkela Steel Plant Rourkela Steel Plant (RSP). DSP also has an in-house TV studio (DSTV) along with all modern facilities. RSP was the first plant in India to incorporate LD technology of steel making. the town today boasts of a variety of educational institutions.
Hot Strip Mill.000 HR Plates 92. including its Personnel Department and Steel Township. RSP¶s Silicon Steel Mill. the plant pioneered the production of centre ±sill Z-section used in the fabrication of wagon and Z-type sheet piling section used in construction of barrages.500 Total Saleable Steel 16.71. Rourkela also has an airstrip maintained by RSP. Its wide and sophisticated product range includes various flat. :: IISCO STEEL PLANT (ISP) IISCO Steel Plant (ISP). ISP produces a large number of steel structurals and special sections as well as pig iron.000 Silicon Steel Sheets 73. Plate Mill.60.000 Location Rourkela Steel Plant is located in the north-western tip of Orissa and at the heart of a rich mineral belt.000 Galvanized Sheets (GP& GC) 1.packaging industry. Being situated on the Howrah-Mumbai rail mainline. Bhubaneswar (378 km) and Kolkata (413 km). are certified to ISO:9001 standards.000 SW Pipes 55.500 HR Coils 3. Sintering Plant II. ISP. The nearby airports are Ranchi (173 km). ERW and SW Pipe Plants.000 Electrolytic Tin-Plates 85.26 lakh tonnes of saleable steel and 2.54 lakh tonnes of pig iron annually.000 CR Sheets & Coils 4. has the capacity to produce 4. tubular and coated products.99. Environment Engineering Department.000 ERW Pipes 75. Almost all major units of the plant. bridge foundations and other projects and . PRODUCT-MIX TONNES/ANNUM Plate Mill Plates 2. Special Plate Plant as well as Steel Township have been awarded ISO:14001 certification for Environment Management. the erstwhile Indian Iron & Steel Company (IISCO). Rourkela is very well connected with most of the important cities of India. which was a 100% subsidiary of Steel Authority of India Limited (SAIL) has been amalgamated with the parent company with effect from 16 February 2006. an integrated steel plant in Burnpur.33.98.
promoted by Burn and Company. was producing one million tonne a year. History The origin of ISP can be traced to 1874 when James Erskine founded the Bengal Iron Works and set up a plant at Kulti (in West Bengal) to produce pig iron. It has also been awarded ISO 14001:2004 EMS for its entire Rolling Mill Complex. which are in high demand in the domestic market. On July 4.15 Mtpa Facilities . under the chairmanship of industrialist Sir Biren Mookerjee. it was made a wholly-owned subsidiary of SAIL.8 Mtpa Heavy Structural Mill capacity 0. the plant. the company was taken over by the Government of India. and had the pride of place on the Calcutta Stock Exchange in the early 1960s. 1972.5 MT by 2011-12.5 m and capacity 18. Location ISP is situated at Burnpur near Asansol in the Burdwan district of West Bengal.9 Mtpa Billet Mill capacity 0. The manufacture of steel at Burnpur started in 1939. came into being after changing hands several times. The plant has also developed µslit rolling¶ for small diameter rounds (10 mm and 12 TMT). In 1918.12 Mtpa Merchant & Rod Mill capacity 0.25 Mtpa Light Structural Mill capacity 0. Blooming Mill capacity 0. ISP is accredited with ISO 9001:2000 QMS for its Heavy Structural Mill and Merchant & Rod Mill. By the middle of the 1960s.colliery arch section used for roof support in collieries. The erstwhile IISCO was once quoted on the London Stock Exchange.6 t of dry coal Blast Furnace Two blast furnaces each of useful volume 1170 cu m Steel Melting Shop 1 Twin Hearth Furnace of 2×110 t capacity Rolling Mills 32 Soaking Pits. the erstwhile IISCO. In March 1979. Facilities at Burnpur Coke Oven Two coke oven batteries each of height 4. The plant is set to undego modernisation-cum-capacity expansion though which its hot metal production capacity will be raised to 2.
Durgapur was commissioned with an initial capacity of 1.78 lakh tonnes of saleable steel. ICCU. grate bars. shear blade. A Sun Solaris network running Oracle RDBMS in Finance department. Besides. the only one of its kind in India. there are Clinics in all townships and Occupational Health Centre in the plants. physiotherapy. The plant has one slab-cum-twin bloom continuous casting machine. Concast rollers. ASP is equipped with state-ofthe-art technology for producing world-class quality alloy and special steels. Alloy Steels Plant (ASP). isolation ward. The pioneer in the production of alloy and special steels. Bars. The department is equipped with latest testing facilities. 1 co-educational English medium CBSE school with 2000+ students is supported by the company. It also produces value added items like Cold Rolling Mill rolls. bright bar. It is specially designed for casting special steels like Austenitic and Ferritic stainless steel and a variety of nonstainless steels including bulletproof steel.46 lakh tonnes of liquid steel and 1. springs. hot saw blade. Plates and Forged items of over 400 grades in a wide range of sizes. Dialysis unit. 1 Secondary and 4 Primary schools providing subsidised education to more than 7000 students. Blooms. etc. blood bank. . crane wheels. ASP has the capacity to produce Slabs. Through two phases of expansion and modernization. The continuous casting machine is equipped with a state-of-art Electro-Magnetic Stirrer in its mould for casting Blooms. ICU.00. ASP is also supplying import substitution item components to many customers through established conversion agents.Pollution Control All environmental parameters like SPM. Recipient of ISO-9001 (2000) certification for the entire plant.000 tonnes of ingot steel and 60. the capacity has been revised to 2. Education ISP runs 3 Higher Secondary. water testing are regularly undertaken to meet the Pollution Control Board norms. Email and internet facilities. Dental.000 tonnes of saleable steel. Besides. stainless steel liner plate. NOX. SOX. Computer Services Computerized Integrated Maintenance and Materials Management System (IMMMS) based on CA-OpenIngres RDBMS under HP-UX. hammers. Health Care A 500-bedded Central Hospital with facilities like modern OT.
86. martensitic and low-nickel stainless steel in the form of coils and sheets with an installed capacity of 70. It also has field offices in different places throughout the country. Salem Steel Plant Salem Steel Plant.Location Alloy Steels Plant has a unit-based marketing set-up with Head Quarters at Durgapur and regional offices at Kolkata.000 tonnes / year in Cold Rolling Mill and 1. a special steels unit of Steel Authority of India Ltd. pioneered the supply of wider width stainless steel sheets / coils in India. ferritic.. The plant can produce austenitic. Murnbai. the plant has country's first top-of-the-line stainless steel blanking facility with a capacity of 3. exclusively marketing the products of ASP. In addition.000 tonnes / year in Hot Rolling Mill. The Field Executives work in all the important centres in the country to ensure prompt and effective customer service and speedy redressal of complaints. Product Mix PRODUCT-MIX items TONNES/ANNUM Cold rolled stainless steel flat product (Coils/Sheets/Blanks) 65000 Hot rolled stainless steel/carbon steel flat product (Coils/Sheets) 110000 Total Saleable Steel 175000 Facilities & Capacity Area y Major Facilities Products Capacity/Annum (in Tonnes) Hot Rolling Mill y y y y y y y Walking Beam Re-heating Furance Roughing Mill Hot rolled Stainless Steel/ Steckel Mill Carbon Steel Coils Down Coiler Roll Shop Coil Build up Line Cold Rolled Stainless Steel Bell Annealing Furnaces ± Coils / Sheets 3 no. if any. New Delhi and Chennai.(with 8 bases) Annealing & Pickling Hot Rolled Annealed and 186000 Cold Rolling Mill 65000 5000 .600 tonnes / year of coin blanks and utility blanks / circles.
A 2-high skin pass mill with elongation control and constant hydraulic roll force system ensures a product of bright finish and high flatness. 4hi reversing roughing mill. procured from world renowned suppliers. Cold Rolling Mill complex is equipped with the most modern stainless steel production lines. etc. slitting and shearing lines to produce coils /sheets with precise dimensional tolerance and flatness with superior metallurgical characteristics. Ferritic and martensitic stainless steel are annealed/softened at bell annealing furnaces and austenitic stainless steel is annealed/softened and descaled in continuous annealing and pickling lines using Ruthner neutral electrolytic pickling process and mixed acid pickling for superior surface finish. primary descaler.. sourced from leading manufacturers of the world. down coiler. the mother unit of hot rolling with level-2 automation is provided with hydraulic gauge setting and automatic gauge control. Special grades of carbon steels other than structural steels are also rolled from the facility includes weathering steels. high strength low alloy steels.y y y y y y y y y y y Lines ± 2 no. The coils are rolled in 20-high computerized Sendzimer mills to required dimensional tolerances. which are extensively used in industrial sectors. The Steckel Mill. A shearing line with precision roller levelers. 4-high reversing Steckel Mill. Hot Rolling Mill complex is equipped with walking beam reheating furnace. tension pad and interchangeable slitters. strip grinding line. grip feed device. . Coil build up line. bell anneal furnaces continuous annealing and pickling lines. Coils of narrow width and smaller weight are produced by a precision slitting line equipped with latest features like in feed car. Roll Shop Strip Grinding Line Skin Pass Mill Shearing Line Slitting Line Blanking Press Rimming Machine Annealing Furnace Pickling and Polishing Machines Counting Machines Pickled Stainless Steel Coils / Sheets Blanking Line Cold Rolled Stainless Steel Coin Blanks /Utility blanks 3600 The plant is facilitated with Hot Rolling Mill which can roll both stainless and carbon steels and the mill caters mainly to the input needs of stainless steel coils for the cold rolling mills. laminar cooling and roll grinding machines. Sendzimer mills. skinpass mill. electronic flying shear and vacuum piler facilitates defect-free piling of the leveled cut sheets. The continuously variable crown (CVC) controls the profile and flatness by roll shifting and work roll bending system provide additional fine control of flatness of the strip. 20-High Sendzimir Cold Rolling Mills ± 2 no.
VISL has an installed capacity of 77. 1 No. Mystique. 2 Nos. Fabrique finishes are also produced as per requirement.05. a fully automatic horizontal long forging machine with high programmable Logic Controller (PLC) system for a semi-automatic and automatic mode of operation. Chequered. Aqualine. 1 No.64. No.000 tonnes of slabs along with. Visvesvaraya Iron and Steel Plant Visvesvaraya Iron and Steel Plant (VISL) is a pioneer in production of high quality alloy and special steels and pig iron.000 T . continuous casting machines. 1600 Tonneshydraulic-high-speed forging press.4.000 TPA and an additional Roll Grinding Machine for Hot Rolling Mill for increasing production to 3.8 (mirror) and special finishes like Moon Rock. 1 No. VISL has received the ISO / TS 16949 : 2009 certificate for steel production through rolled and forged routes and pig iron production. Linen.000 T 1.The shearing and slitting lines have online continuous marking system to make the products customer-friendly. vacuum oxygen decarburisation.000 TPA. Facilities Blast Furnaces BOF LRF VD/VOD CCM Bloom Caster QTY 1 No. No.46. -2. Macromatt. enhancing the capacity of Cold Rolled Stainless Steel Products from 65.25. Steel is produced through BF-BOF-LRF-VD route. 2D and 2B finishes. ladle refining furnaces. Salem Steel Plant's cold rolling mill complex also includes a resquaring shear. In addition to the common No1.000 TPA to 1.M. The plan envisages installation of Steel Melting and Continuous Casting facilities to produce 1.000T Hot Metal/Annum 17-25 T Per Heat 25 T 25 T 80. Capacities 530 Cu. Expansion Plan Expansion and modernisation of Salem Steel Plant is presently on. The facilities include vacuum degassing. 4 Nos.80.000 tonnes of hot metal.3. a packing line for slit products and wider coils. a wide range of finishes including No. Honeykom.000 tonnes of alloy and special steels and 205. Frondz. expansion of Cold Rolling Mill complex. a recoiling line.
Maximum weight per piece: 2. 1 No.000 T 6.000 T 1500 T I. 200.50 Tns. Rolled Products A. Capacities 1. mm cross section area.0T 78. & 200 to 660 mm Rounds Alloy constn 200 to 500 mm Squares steels 4 Flats Width ± 200 to 500 mm Carb.000 sq. 3 Carb.000 T 36. 300 & 350 mm B. 1 No.150 mm 200 to 400 mm Tool Steel Width to Thickness ratio ± 3:1 Max. Long Forging Machine . & Alloy constn Minimum steels Thickness . 180. Bar Mill Rounds 20 to 58 mm Billets 40 to 56 mm Flats 70 to 120 mm W X 10 to 20 mm T 4 II. 1 No.2T to 13.Facilities Ingots Primary Mill Bar Mill Press LFM QTY 1 No. Press 1 Tool Steels 2 Die steels 200 to 600 mm Rounds 200 mm and above square and rectangular sizes up to 2. Continuous Cast products Blooms III. Forge Products A. one of the sides limited to 600 mm Max. 130. Primary Mill 1 2 3 Rounds 60 to 140 mm Billets 60 to 140 mm Flats 126 to 240 mm W X 20 to 50 mm T (LC steels) 155 to 300 mm W X 50 to 100 mm T (C steels) Blooms 150 to 250 mm 1 2 3 B.50.
00 Tns. 2 B.1 2 70 to 199 mm Rounds 100 to 150 mm Squares Maximum weight per piece: 1.G. Coaching Axle .
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