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SAIL FPO may hit the streets in March 2011 now

The FPO of Steel Authority of India Ltd. (SAIL) is expected to hit the streets in March 2011. The FPO was scheduled to be launched in February 2011 earlier, but the same has now been rescheduled

SAIL is India's largest steel producing company. SAIL has five integrated steel plants, three special plants, and one subsidiary in different parts of the country

SAIL manufactures and sells a broad range of steel products, including hot and cold rolled sheets and coils, galvanised sheets, electrical sheets, structurals, railway products, plates, bars and rods, stainless steel and other alloy steels. The Company is a fully integrated iron and steel maker, producing both basic and special steels for domestic construction, engineering, power, railway, automotive and defence industries and for sale in export markets

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