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Company Directory - Steel Authority of India Limited

Company Details - Steel Authority of India Limited

Steel Authority of India Limited Logo

Steel Authority of India Limited

Website

New Delhi, India

BSE: 500112, NSE: SAIL 

Steel Authority of India Limited (SAIL) is an Indian state-owned steel manufacturing company engaged in the production and distribution of a wide range of steel products. It operates multiple integrated steel plants and is one of the largest steel producers in India, serving domestic and international markets.

CCI Score

CCI Score: Steel Authority of India Limited

22.08

Latest Event

SAIL Rourkela Workforce Restructuring

Steel Authority of India Limited is implementing a Strategic Workforce Roadmap at its Rourkela Steel Plant that aims to reduce its workforce by over 50% to streamline operations and cut high labor costs. This move raises concerns about worker rights and fair labor practices.

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SABOTEUR

Steel Authority of India Limited is currently rated as a Saboteur.

+10 to +24 CCI Score
Companies in this bracket take more subtle actions to undermine authoritarian practices. They might implement internal policies or support reforms that quietly weaken oppressive systems, contributing to change in less overt ways.

Latest Events

  • SAIL Rourkela Workforce Restructuring Logo
    FEB
    28
    2025

    Steel Authority of India Limited is implementing a Strategic Workforce Roadmap at its Rourkela Steel Plant that aims to reduce its workforce by over 50% to streamline operations and cut high labor costs. This move raises concerns about worker rights and fair labor practices.

  • -60

    Labor Relations and Human Rights Practices

    March 23

    SAIL's new Strategic Workforce Roadmap involves a drastic reduction of its workforce at the Rourkela Steel Plant, cutting jobs by more than 50%, which undermines worker rights and fair labor practices. From an anti-fascist perspective that supports labor rights, this move is seen as prioritizing cost-cutting and efficiency over the welfare of workers, potentially exacerbating economic inequality and disenfranchisement.

    Oreaco Article on SAIL Workforce Restructuring

  • SAIL 2023-24 BRSR: Sustainability and Inclusion Efforts Logo
    SEP
    08
    2024

    SAIL released its 2023-24 Business Responsibility and Sustainability Report outlining robust initiatives in environmental management, ethical governance, and worker welfare. While the company has demonstrated strong commitments in CSR and sustainability, concerns remain regarding the low representation of women and marginalized groups in leadership positions.

  • SAIL Sustainability Report 2022-23: Commitment to Ethical and Transparent Business Practices Logo
    MAY
    04
    2024

    The 2022-23 sustainability report highlights SAIL's robust commitment to sustainable growth, ethical operations, and strong labor practices. The report details initiatives on environmental performance, corporate social responsibility, and worker safety, reflecting transparency and accountability in its business practices.

  • +80

    Business Practices and Ethical Responsibility

    March 23

    The sustainability report outlines a strong commitment to ethical conduct and transparent business practices. SAIL’s proactive initiatives in energy conservation, environmental performance, and CSR reflect an adherence to high ethical standards and responsible corporate governance.

    Steel Authority of India : SAIL Sustainability Report 2022-23

  • +75

    Labor Relations and Human Rights Practices

    March 23

    The report places significant emphasis on worker safety, health, and comprehensive training programs, underscoring SAIL’s commitment to upholding labor rights and fostering human capital development. This focus on robust labor practices contributes positively to its overall ethical profile.

    Steel Authority of India : SAIL Sustainability Report 2022-23

Industries

3311
Iron and Steel Mills and Ferroalloy Manufacturing
3312
Steel Product Manufacturing from Purchased Steel
4235
Metal and Mineral (except Petroleum) Merchant Wholesalers