New Delhi: VS Chakravarthy is set to be the new Director (Commercial) of Steel Authority of India (SAIL), a Maharatna Steel PSU under the Ministry of Steel. He has been recommended for the post by the Public Enterprises Selection (PESB) board panel on Tuesday. He is currently serving as Executive Director in the same organisation. The post of Director (Commercial) of SAIL is vacant since January 1.
Chakravarthy has been selected for the post of Director (Commercial) of SAIL from a list of seven candidates, who were interviewed by the selection panel. There were a total of six candidates, including Chakravarthy, who were from SAIL and one candidate was from Indian Oil Corporation Limited (SAIL).
As Director (Commercial) of SAIL, Chakravarthy will be a member of the board of directors and will report to the Chairman. He/She will be in charge of marketing strategies including product mix, sales/product promotion, distribution network, logistics, warehousing, pricing, sales, after-sales service, key customer relationship etc. for meeting the competitive goals and financial results of the company. He/She will also be responsible for the implementation of the decisions of the Board relating to the above-mentioned areas of work.
Steel Authority of India Limited (SAIL) is Maharatna PSU under the Ministry of Steel. It is one of the largest steel producers based in New Delhi. The company has an annual turnover of about Rs 66,267 crore for the fiscal year 2018–19. Incorporated on 24 January 1973, SAIL has 64,628 employees.
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