Steel Authority of India Limited (SAIL) is a central public sector undertaking based in New Delhi, India. It is under the ownership of Ministry of Steel, Government of India with an annual turnover of INR 1,03,480 Crore for fiscal year 2021–22. Incorporated on 24 January 1973, SAIL has 60,766 employees. With an annual production of 16.30 million metric tons, It is the largest government owned steel producer. The hot metal production capacity of the psu will further increase and is expected to reach a level of 50 million tonnes per annum by 2025.
Vedanta Limited is an Indian multinational mining company headquartered in Mumbai, India, with its main operations in iron ore, gold and aluminium mines in Goa, Karnataka, Rajasthan and Odisha. Vedanta expected revenue $50 billion in 2023-24 and $100 billion in 2025 (2022-23 revenue $25 billion with $5 billion net profit.
Korba is a city and an industrial area in Korba District in the Indian state of Chhattisgarh. Korba was erstwhile part of Bilaspur District before 25 May 1998 later that Korba was made a separate District for ease of administration but it is still under Bilaspur Division. Korba is called power capital of Chhattisgarh due to its Coal reserves and Industrial base for multiple thermal based power plants from Public sector like NTPC Limited, CSEB from State of Chhattisgarh as well as from private sector apart from Power plants Korba has the Asia's second largest and India's largest open cast coal mine in Gevra area of Korba Coalfield. Korba produces 140 Million tons of coal every year which accounts for 17% of Country's total coal production and 85% of Chhattisgarh Coal production. BALCO Private owned Aluminium producer has its smelter Aluminium Plant in Korba. Here mainly the protected tribal tribe Korwa resides. Korba district is blessed by lush green forests from all around, a large population of tribals is found here. The tribals here prefer to live in harmony with the environment in the forest area due to which they have retained their distinctive cultural characteristics and traditional practices.
National Aluminium Company Limited, abbreviated as NALCO, is a government company having integrated and diversified operations in mining, metal and power under the ownership of the Ministry of Mines and Government of India. Presently, the Government of India holds a 51.5% equity in NALCO.
Anil Agarwal is an Indian Billionaire who is the founder and Chairman of Vedanta Resources Limited. He controls Vedanta Resources through Volcan Investments, a holding vehicle with a 100% stake in the business.Anil Agarwal have $4 billion net worth.
Vedanta Resources Limited is an Indian diversified mining company headquartered in London, United Kingdom. It is the largest mining and non-ferrous metals company in India and has mining operations in Australia and Zambia and oil and gas operations in three countries. Its main products are Zinc, Lead, Silver, Oil & Gas, Iron Ore, Steel, Aluminium and Power. It has also developed commercial power stations in India in Odisha and Punjab.
Bharat Petroleum Corporation Limited (BPCL) is an Indian central public sector undertaking under the ownership of Ministry of Petroleum and Natural Gas, Government of India. It operates three refineries in Bina, Kochi and Mumbai. BPCL is India's second-largest government-owned downstream oil producer, whose operations are overseen by the Ministry of Petroleum and Natural Gas. It was ranked 309th on the 2020 Fortune list of the world's biggest public sector undertakings, and 792nd on Forbes's 2021 "Global 2000" list. 7602258182
Ordnance Factory Board (OFB), consisting of the Indian Ordnance Factories, now known as Directorate of Ordnance was an organisation, under the Department of Defence Production (DDP) of Ministry of Defence (MoD), Government of India. The 41 Indian Ordnance Factories have been converted into 7 Defence Public Sector Undertakings (DPSUs).
Sterlite Copper is a subsidiary of Sterlite industries, a company owned by Vedanta Limited.
The Braithwaite Burn & Jessop Construction Company Limited is a Public Sector Undertaking (PSU) of the Government of India under Department of Heavy Industries. Established on 26 January 1935, BBJ Construction Company has been involved in the construction & repairing of Rail Bridges & Rail-cum-Road Bridges, Industrial structural works, Large building foundation, Civil engineering works, Refinery piping works, Railway gauge conversion etc. The company is registered and headquartered in Kolkata.
Copper Mines of Tasmania is the successor company to the Mount Lyell Mining and Railway Company that operated in Queenstown, Tasmania for just short of one hundred years.
Mining of industrial minerals was insignificant to Bhutan’s economy except for the production of ferrosilicon. The country’s rugged terrain provides sites to harvest hydropower, which has driven rapid growth in the transport and construction sectors, including the startup of a number of local cement operations.
Hindustan Zinc Limited (HZL) is an Indian integrated mining and resources producer of zinc, lead, silver and cadmium. It is a subsidiary of Vedanta Limited. Earlier it was a Central Public Sector Undertaking, sold by Government of India to Vedanta Limited when Atal Bihari Vajpayee and Bharatiya Janta Party Government was in power in the year 2003. HZL is the world's second largest zinc producer. The company is one of the world's largest integrated producers of zinc and are among leading global lead and silver producers.
The 2009 Korba chimney collapse occurred in the town of Korba in the Indian state of Chhattisgarh on 23 September 2009. It was under construction under contract for the Bharat Aluminium Co Ltd (BALCO). Construction had reached 240 m (790 ft) when the chimney collapsed on top of more than 100 workers who had been taking shelter from a thunderstorm. At least 45 deaths were recorded.
Braithwaite & Co. Limited is a wholly owned subsidiary of the Indian Railways, Ministry of Railways, Government of India having its headquarters at Kolkata, West Bengal. The subsidiary has three units – Clive Works, Victoria Works both in Calcutta and Angus Works in Hooghly District, West Bengal. From 2010 the administrative control of the subsidiary has been taken over by the Indian Railways.
Jessop & Company Limited was an Indian Government owned engineering company based at Dum Dum, Kolkata, India. It was sold by Government of India to Ruia Group when Atal Bihari Vajpayee and Bharatiya Janta Party was in power. It is part of the Ruia Group of companies, which also owns prominent rubber & tyre companies like Dunlop India and Falcon Tyres.
Mahendra Singh Mehta is an Indian businessman. He is the chief executive of Vedanta Resources plc, a British multinational diversified metals and mining company.
Public Sector Undertakings (PSUs) are government owned establishments, which are established and owned by the Government of India or State governments of India. The public sector undertakings are established either by nationalisation or an executive order incase of union government and state government or act of parliament incase of union government and act of state legislature incase of state government with the purpose to earn profit for the government, control monopoly of the private sector entities, offer products and services at an affordable price to the citizens and for the achievement of overall financial goals & developmental objectives in the country.
The iron and steel industry in India is among the most important industries within the country. India surpassed Japan as the second largest steel producer in January 2019. As per worldsteel, India's crude steel production in 2018 was at 106.5 tonnes (MT), 4.9% increase from 101.5 MT in 2017, means that India overtook Japan as the world's second largest steel production country. Japan produced 104.3 MT in year 2018, decrease of 0.3% compared to year 2017. Industry produced 82.68 million tons of total finished steel and 9.7 million tons of raw iron. Most of the iron and steel in India is produced from iron ore.
Disinvestment in Public sector undertakings in India, is a process of public asset sales done by the President of India on behalf of the Government of India. It can be directly offered for sale to the private sector or indirectly done through a bidding process. The Public Enterprises Survey (2015–16), brought out by the Department of Public Enterprises, Ministry of Heavy Industries, & Government of India on the performance of Central Public Sector Enterprises was placed in both the Houses of Parliament on 21 March 2017. There were 331 CPSEs in 2017-18, out of which 257 were in operation. The remaining 74 of the CPSEs were being established.
