Steel Authority of India’s (SAIL) special unit Salem steel plant has signed an agreement with the Butterfly group for setting up of a strategic business unit for manufacture of stainless steel utensils, kitchenware and tableware within the plant premises.
As per the agreement, a compact a stainless steel kitchenware and tableware manufacturing unit will be set up within the Salem Steel Plant premises by LLM Appliances, the flagship unit of the Butterfly group, to produce 500 tonnes of quality stainless steel designer kitchenware products per annum.
SAIL is India's largest steel producing company. The company is among the five Maharatnas of the country's Central Public Sector Enterprises. The company has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.
| Company Name | CMP |
|---|---|
| Tata Steel | 211.15 |
| JSW Steel | 1247.55 |
| SAIL | 172.55 |
| Jindal Stainless | 782.25 |
| APL Apollo Tubes | 2113.40 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: