Steel Authority of India Limited (SAIL) is a state-owned steel making company headquartered in Delhi, India. It was founded in 1954 and traces its origins to Hindustan Steel Ltd. SAIL operates steel plants located in several Indian states. Its mission is to be a respected world class corporation through concern for people, consistent profitability, and commitment to excellence. SAIL's vision is to be the leader in Indian steel in quality, productivity, and customer satisfaction. The company produces various steel products including plates, rods, rails and pipes. It has plans to significantly increase production capacity of hot metal, crude steel, and saleable steel by 2022.