-
ALSO READ
SAIL hits 2-year high, zooms 100% in 2 months on strong earnings outlook
Steel Authority of India hits 52-week high; stock zooms 55% in one month
Cabinet panel approves restructuring of Steel Authority of India board
SAIL's stockpile of iron ore fines give company opportunity for profit
Steel stocks in focus; Tata Steel, SAIL rally 5% on healthy outlook
-
Soma Mondal has taken over as Chairman of Steel Authority of India Limited (SAIL) from Friday. She was the Director (Commercial) of SAIL prior to this.
Before joining SAIL as a Director, Mondal was the Director (Commercial) at fellow Central public sector enterprise, National Aluminium Company Limited (NALCO).
In a company statement, Mondal said that the first target is to improve the financial performance of SAIL.
“Our immediate focus is to improve the top-line and the bottom-line of the company. We are charting out all strategies to improve value for all our stakeholders and make it structurally stronger”, she said.
Mondal was instrumental in introducing new marketing strategies and products at SAIL enriching the company’s product basket. Under her leadership, the company launched niche branded products like NEX (Structural) and SAIL SeQR (TMT bars), a company statement said.
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU