KIOCL Director (Finance) SK Gorai gets tenure extension

New Delhi: KIOCL Limited's Director (Finance) SK Gorai has been given a tenure extension till the date of his superannuation. The Ministry of Steel in its order issued on November 18 has extended the tenure of Gorai for a period with effect from November 11, 2021, till January 31, 2023, i.e. the date of his superannuation, or until further orders, whichever is earlier. This information has been shared by the steel PSU in a regulatory filing to the stock exchanges on Thursday. Gorai has been serving as Director (Finance) of KIOCL since November 2016.

Gorai is a Chartered Accountant and holds PGDBM (Finance & Strategy) from MDI, Gurgaon. He has 33 years of diversified, multi-cultural, multi-country, multi-industry, inter-functional experience in eleven large CPSUs, Private Corps and MNCs. His multi-functional exposure includes finance & accounts, human resources, information technology, law and board affairs. His expertise is particularly deep in project appraisal, project financing, cost estimation and project controlling, fundraising and management, taxation in MNC and large companies both in the private as well as public sectors.

Prior to joining KIOCL Limited on November 11, 2016, he held the position of Director in TCIL Bina Toll Road Limited and TCIL Lakhnadone Toll Road Ltd.

KIOCL Limited, formerly 'Kudremukh Iron Ore Company Limited' is a Miniratna PSU under the Ministry of Steel of Government of India. KIOCL has its head office and administrative activities in Bangalore. It has a pelletisation plant in Mangalore and had an iron ore mine in Kudremukh (Chikkamagaluru district). The Kudremukh mine, one of the largest iron ore mines in the world, was closed in 2006.

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