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Friday, May 28, 2010

SAIL to borrow $1.3 bn in 2010/11

State-run Steel Authority of India Ltd expects to borrow 60 billion rupees ($1.3 billion) in the fiscal year to March 2011, to fund its capital expenditure, Chairman S K Roongta told reporters on Friday.

Earlier, SAIL, India's largest domestic producer of steel, reported March quarter profit of 20.85 billion rupees, meeting forecasts.

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