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SAIL CMD Panda Charts New Course for Steel Giant
10 May
Summary
- Ashok Kumar Panda assumed charge as SAIL Chairman and Managing Director.
- SAIL aims for 35 MTPA expansion, raw material security, and value-added products.
- Panda has over three decades of experience in SAIL's operations and finance.
Ashok Kumar Panda officially assumed his new role as Chairman and Managing Director of Steel Authority of India Limited (SAIL) on Saturday, May 9, 2026. He succeeds Amarendu Prakash, whose term concluded on April 1, 2026.
Panda, who began his career with SAIL as a Management Trainee (Technical) in 1992, has over thirty years of dedicated service. His tenure as Director (Finance) saw him spearhead initiatives to boost operational efficiency and profitability.
Looking ahead, Panda emphasized SAIL's trajectory towards a 35 MTPA expansion. He highlighted the paramount importance of safety across all operational sites. Strengthening raw material security through domestic mining and exploring overseas assets are key to supporting this ambitious growth.
Furthermore, Panda plans to enhance SAIL's market presence by concentrating on value-added steel products. This strategic focus aims to deepen brand connection and ensure sustained value creation for all stakeholders. SAIL, a public sector enterprise under the Ministry of Steel, currently boasts a production capacity exceeding 20 million tonnes per annum.
