Steel Authority of India (SAIL) is reportedly planning to diversify its product basket through value-added and ready-to-use product offerings. The company is also planning to scale up its presence in global markets by venturing into newer markets. In this regard, around 10 per cent of its saleable steel production will be targeted for new markets overseas, including Africa, Philippines, Indonesia, Thailand, Sri Lanka and Bangladesh. The company will also be streamlining its channel management to address the needs of customers in untapped geographies.
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.
