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Steel Authority of India Snapshot
SAIL helps keep India's ship of industry afloat. Steel Authority of India Limited (SAIL) is among India's biggest steelmakers. The company's main steel products include flat products (coils, plates, and sheets), structurals (angles, bars, and rods), rail products (high conductivity rails, light rails, and heavy rails), and tubular products (welded pipes). SAIL controls about a third of Indian steel production, second only to Tata Steel. In 2010 it formed a joint venture with POSCO. It acquired ferro-alloy producer Maharashtra Elektrosmelt Ltd. in 2011. SAIL hopes to raise its production from about 15 million tons to more than 25 million a year The Government of India owns 86% of the company.
