Overview
- Ashok Kumar Panda has assumed leadership of Steel Authority of India Limited as Chairman and Managing Director, the company said.
- He succeeds Amarendu Prakash, and he most recently served as Director (Finance) while also holding the commercial portfolio for about nine months.
- He set a capacity goal of 35 million tonnes per year, which would expand SAIL’s output from a little over 20 million today.
- He said SAIL will strengthen supply security through more domestic mining and by exploring iron ore and coal assets overseas.
- He outlined a sharper focus on higher-value steel and broader market reach to lift returns and strengthen the brand.