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.