Steel Authority of India (SAIL) has reduced its production by about 50 per cent. State-owned SAIL and private player Tata Steel both contribute about 20 per cent to India’s total steel production.
The company has taken the decision because of the reduced demand in the market after the lockdown, which has impacted logistics movement, the buyers are also reluctant in placing orders. Most of the staff of the company is working from home and only important sites like blast furnaces and coke oven batteries etc at the plants, which cannot be closed, are running.
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.
