The Public Enterprises Selection Board (PESB) on Thursday (February 5, 2026), advertised the post of Chairman and Managing Director of Steel Authority of India Limited (SAIL), a move that has revived questions surrounding Amarendu Prakash and the sudden curtailment of his tenure at the Maharatna PSU.
The development assumes significance because resignation buzz around Amarendu Prakash had surfaced in the first week of January 2026, leaving PSU stakeholders uncertain while the Ministry of Steel maintained a stoic silence. Although Prakash will technically remain in office until April 2, 2026, the advertised vacancy indicates an early closure of what was widely understood to be a full five-year tenure following Soma Mondal’s retirement in April 2023.
The formal initiation of the selection process by PESB now lends clear weight to earlier speculation, suggesting that developments behind the scenes may have led to the tenure being cut short. With SAIL being one of India’s largest state-owned steel producers, the leadership transition is expected to have wider implications for policy direction, investor sentiment, and the broader PSU landscape.
Also Read: Clouds hover over SAIL Chairman Amarendu Prakash’s resignation
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