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PESB has recommended Dr Ashok Kumar Panda for the top post at SAIL following Amarendu Prakash’s resignation. The final appointment will be subject to approval by the Appointments Committee.
Dr Ashok Kumar Panda recommended as next SAIL Chairman
New Delhi: The Public Enterprises Selection Board has recommended Dr Ashok Kumar Panda for the post of Chairman and Managing Director of Steel Authority of India Limited (SAIL), according to official proceedings of its latest selection meeting held on March 28.
The position fell vacant after the resignation of former chairman Amarendu Prakash, prompting the selection process for a new head of the state-run steel major.
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Dr Panda was chosen following interviews of multiple candidates, including senior executives from SAIL and other public sector organisations. The selection meeting evaluated candidates based on experience, leadership roles and domain expertise in the steel and allied sectors.
Currently serving as Director (Finance) at SAIL, Dr Panda has also handled additional responsibilities, including commercial functions, giving him broad operational exposure within the company.
The recommendation by the Public Enterprises Selection Board will now be forwarded to the Appointments Committee of the Cabinet (ACC), which will take the final call on the appointment.
Only after ACC approval will the appointment be formally notified.
The leadership transition comes at an important time for Steel Authority of India Limited, which continues to play a central role in India’s infrastructure and industrial growth.
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With large-scale projects and capacity expansion plans underway, the appointment of a new CMD is expected to provide strategic direction and ensure continuity in decision-making.
Experts believe that selecting an internal candidate like Dr Panda could help maintain stability within the organisation, given his familiarity with SAIL’s operations and financial structure.
The incoming leadership will be expected to navigate market challenges while aligning with the government’s broader focus on infrastructure-led growth.
