Business EconomyPosted at: May 10 2026 10:32AM


Dr A K Panda takes charge as new Chairman & Managing Director of SAIL

New Delhi, May 10 (UNI) Dr Ashok Kumar Panda has assumed charge as Chairman & Managing Director of Steel Authority of India Limited (SAIL) on May 9, the SAIL statement said here.
He served as Director (Finance) of the company and also had the additional charge of Director (Commercial) for about nine months during this period.
Academically, Panda has done BE in Electrical Engineering in 1992 and began his career as a Management Trainee (Technical) in SAIL.
During his tenure as Director (Finance) he spearheaded several strategic initiatives aimed at improving operational efficiency and overall profitability of the organisation.
Upon assuming charge as CMD, SAIL, he said, "SAIL is on track for its next phase of capacity expansion to 35 MTPA. Alongside expansion, we will continue to place the highest priority on safety across all our workplaces."
"Strengthening raw material security through enhanced domestic mining and exploration of overseas assets will be critical to support our growth ambitions."
"At the same time, we are committed to expanding our market reach with a sharper focus on value-added products, strengthening our brand connect, and ensuring sustained value creation for all stakeholders," he added.
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