who were interviewed by the public enterprises' selection board were Moil Director Tanmaya Kumar Pattnaik, SAIL Executive Director Alok Sahay, SAIL Director (Commercial) Soma Mondal and Central Electronics Ltd Chairman and Managing Director Nalin Shinghal, PESB said.
Subject to the approval from the Appointments Committee of the Cabinet, Chaudhary will replace incumbent Prakash Kumar Singh, who is scheduled to retire on June 30 this year. Chaudhary’s term will start as SAIL has just returned into profitability after 10 consecutive quarters.
Chaudhary has been holding the charge of director finance since September 2011. Prior to this, he was working as Executive Director Finance & Administration (F&A) at SAIL's Bokaro Steel Plant till August 31, 2011.
He previously worked as General Manager (F&A) at SAIL Corporate Office, New Delhi. Chaudhary joined SAIL in 1984 as Junior Manager (F&A). He has achieved a number of assignments during his career in SAIL.
He has contributed in the areas of treasury and banking operations, foreign exchange management, capital budgeting, cost and operations budget, financial concurrence and administration of centralised gratuity and superannuation funds.
PESB late last year had invited applications for the post of SAIL chairman. The incumbent PK Singh, is retiring in June this year. Singh had taken charge as SAIL chairman on December 10, 2015. Prior to this assignment, Singh was the chief executive officer of SAIL’s Durgapur Steel Plant.
The state-run steel producer is looking to ramp up its production after achieving 9 per cent growth in crude steel production to 1.272 million tonnes in February over the corresponding period last year.
SAIL is in the final leg of completing the modernisation and expansion where only a few downstream facilities at its Bhilai Steel Plant are under completion.
The new mills at the PSU's other plant locations are being rapidly ramped up and stabilised for harnessing the entire potential of these facilities.