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Classification: Ownership of Industries

When was Stee...

Question

When was Steel Authority of India established?

A

1909

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B

1937

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C

1953

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D

1973

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Solution

The correct option is D 1973
The Steel Authority of India Limited (SAIL) established on January 24, 1973, with an authorized capital of Rs. 2000 crore, was made responsible for managing five integrated steel plants at Bhilai, Bokaro, Durgapur, Rourkela and Burnpur, the Alloy Steel Plant and the Salem Steel Plant. In 1978 SAIL was restructured as an operating company.

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