Reduction in Profit of SAIL

The Minister of Steel, Shri Beni Prasad Verma has said that Profit After Tax (PAT) of Steel Authority of India Limited (SAIL) during April to September, 2012 at Rs. 1240 crore has been lower by 7.04% over corresponding period last year (April-September 2011) mainly due to adverse impact of input prices, particularly imported coal, salary & wages, higher interest & depreciation, reduction in interest earnings and increase in royalty on minerals, etc. In a written reply in the Rajya Sabha today Shri Verma said, SAIL has undertaken Modernization/Expansion of its Steel Plants/Units at an estimated cost of about Rs.72,000 crore.  The benefits from Modernization/Expansion would start accruing after their completion/ commissioning only.

        The plant-wise details of total number of regular employees (executive and non executive) and contract labours working in SAIL are as under:

Plant

Regular employees

(as on 1.11.2012)

Contract Labour

(as on 31.10.2012)

Executive

Non-executive

Bhilai Steel Plant

3767

25350

28377

Rourkela Steel Plant

2211

15814

19029

Durgapur Steel Plant

1645

10713

6900

Bokaro Steel Plant

2708

16856

8973

IISCO Steel Plant

979

7577

13748

Alloy Steel Plant

290

1110

640

Salem Steel Plant

322

1019

203

Visvesvaraya Iron & Steel Plant

228

816

1077