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Steel Authority suspends two directors at direction of anti-graft ombudsman

The suspension will not affect the company's performance, Chairman Amarendu Prakash said in a statement

Steel Industry, JSW steel, Tata, steel, SAIL, Steel Authority of India ,ArcelorMittal, Nippon Steel, VTB Capital,Essar Steel,Numetal,Vedanta steel, Vedanta, Electrosteel Steels,Bhushan Power & Steel, METAL INDUSTRY

Reuters NEW DELHI

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India's state-owned Steel Authority of India has suspended two board directors at the direction of the anti-graft ombudsman, the company said in a statement on Sunday, without specifying the allegations.

The suspension will not affect the company's performance, Chairman Amarendu Prakash said in a statement.

"Business is being carried out as usual. We are dedicated to uphold the highest standards of corporate governance and ethical conduct," he said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Jan 21 2024 | 1:26 PM IST

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