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FY 2019-20: SAIL emerges as the largest miner of input minerals for steel-making

State-run Steel Authority of India (SAIL) has emerged as the largest miner for input minerals required for steel-making for the financial year 2019-20

New Delhi: Steel Authority of India Limited (SAIL), a Maharatna PSU under the Ministry of Steel, has emerged as the largest miner for steel making input minerals in the financial year 2019-20 (FY-2020). While Coal India Limited is the largest miner in the country, SAIL is involved in the mining of iron ore, fluxes (limestone and dolomite), coking coal and non-coking coal for its internal requirements and has become next to Coal India Limited (CIL) in mining in India in 2019-20. Iron ore, fluxes and coal are essentially required for making steel in integrated steel plants. SAIL mined a total of 32.406 Million Tonnes of all these minerals during the financial year 2019-20 which is an increase of almost 4 percent over the corresponding period of the previous financial year. Incidentally, SAIL was also the largest crude steel producer during FY 2019-20 in India.

SAIL meets its entire iron ore requirement from its captive mines. Its coal requirement is met through imports and domestic sources, including its captive mines. The requirement of fluxes is met partly through own sources and partly through imports and other indigenous sources. The SAIL mines are being managed by the Raw Materials Division of the Company

The company’s captive mines are mainly located in central and eastern India. The company has Iron Ore mines in Jharkhand, Odisha & Chhattisgarh, Dolomite mines in Jharkhand & Chhattisgarh; Limestone mines in Chhattisgarh and Madhya Pradesh and Coal mines in Jharkhand & West Bengal.

SAIL said that the company meets its entire iron ore requirement from its captive mines. Its coal requirement is met through imports and domestic sources, including its captive mines. The requirement of fluxes is met partly through own sources and partly through imports and other indigenous sources. The SAIL mines are being managed by the Raw Materials Division of the company.