Who assumed charge as the Chairman and Managing Director of Steel Authority of India Limited in May 2026?
Show answer & explanation
Correct answer: C
Explanation
Solution: The correct answer is Ashok Kumar Panda.
Explanation:
☛ Ashok Kumar Panda assumed charge as the Chairman and Managing Director (CMD) of Steel Authority of India Limited (SAIL).
☛ SAIL is a central public sector undertaking under the administrative control of the Ministry of Steel, Government of India.
☛ As the head of the Maharatna enterprise, the Chairman and Managing Director oversees its strategic operations, business expansion, and modernized steel manufacturing units across the country.
Extra Exam-Relevant Facts:
☛ Amarendu Prakash: Previously took charge as the Chairman and Managing Director of SAIL in 2023.
☛ Steel Authority of India Limited (SAIL): Incorporated on 24 January 1973, it is one of India's largest state-owned steel-producing companies.
☛ Maharatna Status: SAIL was awarded the prestigious Maharatna status in 2010 by the Government of India.
☛ Key Integrated Steel Plants: SAIL operates five integrated plants located at Bhilai, Rourkela, Durgapur, Bokaro, and Burnpur.
Important One-Liners for Upcoming Exams:
☛ When was Steel Authority of India Limited (SAIL) incorporated? → 24 January 1973
☛ Where is the corporate headquarters of SAIL located? → New Delhi
☛ Under which union ministry does SAIL operate? → Ministry of Steel
☛ Which SAIL plant was established in Chhattisgarh with Soviet collaboration? → Bhilai Steel Plant
☛ In which year was SAIL granted the 'Maharatna' CPSE status? → 2010