-1588343207.jpg "SAIL emerges as largest miner for steel making input minerals in FY 2019-20")
SAIL emerges as largest miner for steel making input minerals in FY 2019-20
New Delhi/UNI: Public sector steel major Steel Authority of India (SAIL) has emerged as the largest miner for steel making input minerals in FY 2019-20.While Coal India Limited is the overall largest miner in the country, SAIL is involved in 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 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 financial year 2019-20 which is an increase of almost 4 per cent over the corresponding period of previous financial year. Incidentally, SAIL was also the largest crude steel producer during FY’20 in India.
It is significant to mention here that 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, according to a company statement here on Friday.
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.
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