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02 Jul
14:06

Sail appoints new chairman and managing director

Steel Authority of India (Sail) has appointed Indian steel ministry special secretary and financial advisor Saraswati Prasad as its new chairman and managing director, replacing P.K. Singh who goes into retirement. Sail increased sales 7.4% on-year in the fiscal year through March 2018 (FY18) to 14.08 million tonnes (see Kallanish passim). Net sales were INR 56,893 crores ($8.43 billion), up by 26.7%, with net loss narrowing considerably to INR 482 crores f…
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