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Leadership Shift at SAIL: V.S. Chakravarthy Retires, Ashok Kumar Panda Steps In — Read the Full Transition Details

After nearly four decades with the PSU, Chakravarthy concludes leadership role; transition signals operational continuity at SAIL
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Indian Masterminds Stories

New Delhi: Vejendla Srinivasa Chakravarthy, Director (Commercial) of Steel Authority of India Limited (SAIL), has officially retired from service following his superannuation on June 30, 2025. His departure also marks the conclusion of his tenure on the company’s Board of Directors.

In the interim, Mr. Ashok Kumar Panda has been entrusted with the additional charge of Director (Commercial), ensuring smooth continuity in the commercial operations of the steel PSU.

A Veteran Career in Steel Sector

Chakravarthy began his career with SAIL in 1987 in the Central Marketing Organization (CMO), the company’s primary body for managing steel marketing and distribution across India. A chemical engineer by qualification, he earned his degree from Laxminarayan Institute of Technology under Nagpur University.

He took over as Director (Commercial) on December 24, 2021, bringing over three decades of institutional experience in pricing, distribution, product planning, and market development.

Read Also: SAIL’s Environment Management Division Wins 24th Greentech Environment Award 2025 – Details Inside

Commercial Leadership During Key Growth Phase

During his tenure, Chakravarthy played a key role in steering SAIL’s marketing and commercial strategy through a dynamic and competitive phase in the Indian steel sector. He contributed to optimizing supply chains, expanding domestic market presence, and strengthening price realization mechanisms, particularly during a time of volatile raw material costs and shifting global demand.

Leadership Transition and Interim Appointment

With his retirement, Ashok Kumar Panda, a senior executive within SAIL, has been given additional charge of Director (Commercial). This temporary arrangement is a standard move to avoid disruption in high-level decision-making while the Public Enterprises Selection Board (PESB) initiates the formal selection process for a permanent replacement.

Institutional Continuity at a Crucial Time

The leadership change comes as SAIL continues its strategic push toward modernization, capacity expansion, and sustainability goals. The role of Director (Commercial) remains vital to these plans, as it directly oversees the interface between production and market demand, pricing, export strategies, and customer engagement.

The swift appointment of an interim head suggests SAIL’s commitment to uninterrupted commercial operations amid ongoing projects and quarterly targets.

Read Also: Steel Backbone of National Security: SAIL Hosts Defence Conclave 2025 at Durgapur to Bolster Indigenous Defence Manufacturing

About SAIL

SAIL, or Steel Authority of India Ltd, is an Indian public sector steel manufacturing corporation headquartered in New Delhi. It’s one of India’s largest steel manufacturers and a “Maharatna” (a top-tier Public Sector Enterprise). SAIL manages several integrated and special steel plants across India, including those in Bhilai, Rourkela, Durgapur, Bokaro, and Burnpur. It is the largest government-owned steel producer in India, with an annual production capacity of 18.29 million metric tons.


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