India’s first and major producer of steel rails for railways as well as steel plates and products in this industry, located in Bhilai, Chhattisgarh, known as Bhilai Steel plant. Being one of the major producers of steel in the country, it also markets various chemical by-products from its coke ovens and coal chemical plant. The plant was established in 1995 with the help of USSR. Because of the availability of iron ore at Dalli rajhara which is situated at about 100 Km from the town, limestone from Nandini, about 25 km from Plant and dolomite at Hirri, about 140 km from the site, it became a suitable place for setting up the Steel Industry. The plant was commissioned with the inauguration of the first blast furnace by then president of India, Dr. Rajendra Prasad, on 4 February 1959. Bhilai Steel Plant functions as a unit of SAIL, with corporate offices in New Delhi.
Some of the projects undertaken by Bhilai steel plant includes the Railways’ construction of 345 km railway line and plant network between Jammu and Baramulla at an investment of ₹19,000 crore. It has also produced the special soft iron magnetic plates for the prestigious India-based Neutrino Observatory (INO) project of the Bhabha Atomic Research Centre (BARC) and grade high-tensile (DMR249A) steel for building India’s first indigenously built anti-submarine warfare corvette, INS Kamorta, which is the first of four anti-submarine Kamorta-class stealth corvettes of Indian Navy. Bhilai Steel Plant has been the flagship integrated steel plant unit of the Public Sector steel company, the Steel Authority of India Limited and is its largest and most profitable production facility. It is the flagship plant of SAIL, contributing the largest percentage of profit.