There is a major restructuring on the cards, for India’s largest Steel manufacturer, SAIL , as the Appointments Committee of the Cabinet (ACC) has given it’s approval. As per the approval the four post of SAIL’s integrated steel plants are to be elevated as functional directors by designating them as directors-in-charge of Bokaro, Rourkela, Bhilai and one director-in-charge jointly for Burnpur and Durgapur steel plants.
The restructuring also includes 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 re-designation as Director (Technical, Projects and Raw Materials).
The restructured board will consist of Chairman, Director (Finance), Director (Commercial), Director (Technical, Project and Raw Materials), Director (Personnel), Directors in-charge of integrated steel plants (ISPs).
Besides, the board will have non-official directors as per the Companies Act 2013 and 2 government nominee directors as per the DPE (Department of Public Enterprise) policy.
The move will facilitate speedy modernization and expansion program of the country’s largest steel making company.
