Board restructuring to make SAIL more agile

Considering the revised cost estimates approved so far, the indicative investment for modernisation and expansion plan is likely to be ₹79,420 crore. The cumulative expenditure of ₹66,585 crore has been incurred till March.

Appointments committee of the Cabinet has approved the restructuring of the board of Steel Authority of India Ltd.

The 4 posts of the chief executive officers of Integrated Steel Plants of SAIL are to be elevated as functional directors

“Elevation of CEOs of integrated steel plants as functional directors will facilitate greater de-centralization and nimble decision making with the views of the plants having greater weight in the central corporate governance structure,” steel ministry said.

Govt sees greater efficiency, decentralisation

The 4 posts of the chief executive officers of integrated steel plants of SAIL are to be elevated as functional directors, by designating them as directors-in- charge of Bokaro, Rourkela, Bhilai and one directorin-charge jointly for Burnpur and Durgapur steel plants.

The approved restructuring of the SAIL board also involves merging the functions and duties of the post of director (raw materials and logistics) and that of director (projects, and business planning) with the post of director (technical) and its consequent redesignation as director (technical, projects and raw materials).

The re-structured board of directors of SAIL will consist of chairman, director (finance), director (commercial), director (technical, project and raw materials), director (personnel), directors in-charge of ISPs, nonofficial directors as per the Companies Act 2013 and 2 government nominee directors as per the DPE policy.