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8	8	* SAIL produces iron and steel at five integrated plants and three special steel plants.
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11	11	= Company Overview =
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13	13	Steel Authority of India Limited (NSE:SAIL) is one of the largest steel-making companies in India and one of the Maharatnas of the country’s Central Public Sector Enterprises.{{footnote}}https://www.sail.co.in/en/company/about-us{{/footnote}}
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22	22	The company has strategically located integrated operations with access to resource base including large landbank, captive mines and has diversified product mix supported by strong marketing and distribution network.
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25	25	== Plants Locations ==
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38	38	|**Ferro Alloy Plant**|**Location**|**Products**
39	39	|Chandrapur Ferro Alloy Plant|Maharashtra|High/ Medium/ Low carbon Ferro-Manganese, Silico-Manganese
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42	42	== Products ==
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61	61	* SAIL SeQR TMT Bars
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65	65	= Industry Overview =
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67	67	== World Steel ==
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94	94	There has been significant reduction in the borrowings of the company during the FY 2020-21due to improved cash flows because of increasing steel prices and demand in India. st The Company had borrowings of Rs 37,677 crore as on 31 March 2021 st vis-à-vis Rs 54,127 crore as on 31 March 2020 in line with INDAS. The Company has hedged the foreign currency risk on Buyers’ Credit and External Commercial Borrowings. The debt equity ratio of the Company as on st st 31 March, 2021 decreased to 0.87:1 from 1.36:1 as on 31 March, 2020 primarily due to decrease in borrowings during the year. The net worth of the st Company increased to Rs 43,495 crore as on 31 March 2021 from Rs 39,777 st crore as on 31 March 2020.
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97	97	== Operations ==
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99	99	During the FY 2020-21, in-spite of the challenges of the market and the lock down and other restrictions imposed to contain the Covid-19 pandemic, the company achieved Saleable Steel production of 14.602 million tonne (MT). Hot Metal and Crude Steel production during the FY 2020-21 was 16.582 MT and 15.215 MT respectively. There is negative growth in the Production over last year owing to the restricted production mainly in Q-1 of FY 2020-21 due to Covid-19 pandemic.