Question

The Steel Authority of India Limited (SAIL) is an example of the industry.

• A. public sector
• B. cooperative sector
• C. private sector
• D. joint sector

Answer 1

Answer:

A. public sector

Public Sector Undertakings (PSUs) in India

• Public Sector Undertakings (PSUs) are commercial enterprises owned and operated by the Government of India.

• The government holds the majority stake (at least 51%) in these companies.

• PSUs are established to achieve specific objectives, such as national development, self-sufficiency, and equitable distribution of resources.

Steel Authority of India Limited (SAIL)

• SAIL is one of the largest Public Sector Undertakings in India, operating under the administrative control of the Ministry of Steel.

• It was incorporated on January 24, 1973.

• SAIL is a major producer of steel and steel products in India, playing a vital role in the country's infrastructure development.

• It operates integrated steel plants and special steel plants across various locations in India.

• Key plants include Bhilai Steel Plant, Rourkela Steel Plant, Durgapur Steel Plant, Bokaro Steel Plant, and IISCO Steel Plant.

• The company also has special steel plants at Salem, Bhadravati, and Durgapur.

• SAIL is a Maharatna company, which is the highest status conferred upon state-owned enterprises by the Government of India, granting significant operational and financial autonomy.