The hot metal production capacity of the company will further increase and is expected to reach a level of 50 million tonnes per annum by 2025.

[9] The Ministry formulated a policy statement to revamp industry management, presented to Parliament on 2 December 1972.

During FY2013-14, NSPCL generated 6156.091 MU of electricity with a PLF of 86.33% Established in 2001, A 50:50 joint venture between Steel Authority of India Ltd. (SAIL) and Damodar Valley Corporation (DVC) and is engaged in power and steam generation and supplies power and steam (at various pressures) to SAIL's Bokaro Steel Plant (BSL) located at Bokaro for meeting the process requirement of BSL.

Gg Mjunction services limited operating in Information Technology and the Internet, is a 50:50 venture promoted by SAIL and TATA Steel.

[15] SAIL has incorporated a joint venture company with M/s Jaiprakash Associates Ltd to set up a 2.2 MT slag based cement plant at Bhilai.

SAIL has incorporated another joint venture company with M/s JaiPrakash Associates Ltd to set up a 2.1 MT cement plant at Bokaro utilising slag from BSL.

Bokaro Jaypee cement plant opening ceremony was held by the chief minister of Jharkhand shri.

SAIL has incorporated a joint venture company with Manganese Ore (India) Ltd on 50:50 basis to produce ferro-manganese and silico-manganese required for production of steel.

A consortium comprising state-owned NMDC and RINL and private sector steel players—JSW, JSW Ispat, Jindal Steel and Power, and Monnet Ispat and Energy and led by SAIL, plan to invest US$75 million in first phase for the development of Hajigak iron ore mines in Afghanistan.

[16] SAIL has decided to outsource development of two virgin iron ore mines at Rowghat in Chhattisgarh and Chiria in Jharkhand with an annual capacity of 14 and 15 million tonnes, respectively.

ICVL acquired a 65 percent stake in the Benga coal mine from the Rio Tinto Group in July 2014.

[19] SAIL had signed a 50:50 joint venture with RITES for setting up a wagon components manufacturing facility at Kulti in West Bengal's Paschim Bardhaman district.

There has been a continuous reduction of headcount over the past few years due to enhanced productivity and rationalised manpower.

In addition, new iron ore deposits in the states of Rajasthan, Chhattisgarh, Madhya Pradesh, Maharashtra, Odisha and Karnataka are being explored.

[25] SAIL produced 13.9 million tonnes of crude steel by operating at 103% of its installed capacity, which is an increase of 1% over the previous year.

The increase in turnover coupled with improved operational performance, helped the company achieve its highest-ever numbers in terms of profitability.

SAIL is in the process of modernising and expanding its production units, raw material resources and other facilities to maintain its dominant position in the Indian steel market.

[31] On 25 May 2012, Steel Authority of India Limited entered into a Memorandum of Understanding with the Government of West Bengal and Burn Standard Company Ltd. for setting up of a Railway Wagon factory of approximately ₹210 crore (US$24 million).