The Steel Authority of India Limited (SAIL) had its Steel Depot in Jalandhar. The requirement of Chandigarh used to be met from the Jalandhar Depot before 1979 when SAIL opened its new Depot in Chandigarh. The Chandigarh Depot was being run by SAIL itself. They decided to have a Consignment Agency in the year 1999 and floated tenders. The Corporation submitted its bid for the work of Consignment Agent and was allotted the work in the month of April, 2000. Since 1/5/2000, the Corporation is running the Depot as Consignment Agent of SAIL.