Govt allows SAIL to offload up to 25% iron ore output in open market
18th Sep 2019

The mines ministry has allowed Steel Authority of India (SAIL) to offload up to 25 per cent of total iron ore produced in the previous year through open market. However, it will be subject to clearance from the respective state governments, where the mines are located, after following due procedure. It is valid for a period of 2 years.

SAIL is India’s largest steel producing company. The company is among the five Maharatnas of the country’s Central Public Sector Enterprises. The company has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.