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State-owned SAIL expects the ongoing West Asia crisis to have only a marginal impact on its steel prices and is establishing alternative shipping routes to ensure the uninterrupted supply of raw material from the region, a top company executive said. The company buys raw materials, such as limestone from Dubai, Ashok Panda, the newly appointed Chairman of the steel major said. "So far as SAIL is concerned, we will have some impact with respect to the fluxes, limestone, et cetera, which we are buying from Dubai. So, the landed cost, the CFR (cost and freight) cost is going to go up, because it was around USD 23-24, now it will be around USD 35," the official said in reply to a question related to the impact of the West Asia crisis. But overall, in sellable steel, its impact will be hardly Rs 100 or Rs 200, the chairman said. Panda also said that in times of crisis, the availability of raw materials is crucial rather than their cost, for uninterrupted operations, and that SAIL is ...
Steel Authority of India Ltd (SAIL) Chairman and Managing Director Amarendu Prakash has resigned from his post, effective April 2, following approval from the steel ministry, a regulatory filing said. In the interim, company's Director (Personnel) Krishna Kumar Singh has been given additional charge of Chairman and Managing Director for three months from April 2 to July 1, 2026 or until a regular incumbent joins or until further orders, whichever is earlier, as per a steel ministry order. In a filing to the BSE, SAIL said that Prakash tendered his resignation notice to the ministry on January 2. "The Competent Authority has approved his resignation from the post of Chairman and Managing Director, SAIL w.e.f. 1 April 2026. Accordingly, Amarendu Prakash, Chairman and Managing Director, SAIL has ceased to be a member of the SAIL Board, w.e.f. 1 April, 2026," the filing said. In his resignation letter to the government, he said, "I request for an early release and commensurate notice