Chhattisgarh State Industrial
Development Corporation Limited
(A Govt. of Chhattisgarh Undertaking)
Bhilai Steel Plant (BSP)
Steel Authority of India is India's largest steel producer. The Government of India holds 86 per cent equity stake in the company. SAIL's operating income in 2003 stood at US $ 3.8 billion.
SAIL has a steel plant at Bhilai. BSP recorded its best ever saleable steel production of 4.428 million tonnes.
It is India's sole producer of rails and heavy steel plates.
The steel plant at Bhilai is an ISO 9001:2000 unit. It has also received the ISO-14001 certification for its environment management systems.
The modernisation and expansion of BSP has been approved "in-principal" by SAIL Board in April 07 at an indicative cost of Rs. 11,262 crores (Rs. 8328 cr. for modernization/expansion and Rs. 4137 cr. for sustenance), net of CENVAT based on 4th quarter. The modernisation and expansion of BSP has been planned to be completed by Dec. 2010.