SAIL appoints Mohit Malpani as ED (F&A) and Company Secretary

New Delhi: Steel Authority of India Limited (SAIL) has appointed Mohit Malpani, Executive Director (Finance & Accounts), as Executive Director (F&A) and Company Secretary of the company with effect from October 2026.

The appointment follows the superannuation of M.B. Balakrishnan, ED (F&A) and Company Secretary, in September 2026. The Board of Directors of SAIL has approved Malpani's appointment.

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According to SAIL, Malpani, in his capacity as Company Secretary, will also serve as the Compliance Officer of SAIL.

Malpani joined SAIL in August 1991 and has held finance leadership positions across several of the company's operations. He has served as Head of Finance at IISCO Steel Plant, Durgapur Steel Plant, Alloys Steel Plant, Jharkhand Group of Mines, BSL Collieries and the Raw Material Division.

He has also served as Chief Financial Officer of SAIL-RITES Bengal Wagon Industry Pvt. Ltd. (SRBWIPL), a joint venture between SAIL and RITES.

During his career, Malpani has been involved in several strategic initiatives, including the financial appraisal of the 4.0 MTPA Greenfield Expansion Project at IISCO Steel Plant, Burnpur, the demerger of SAIL's Raw Material Division and the structuring of the long-term pricing framework between SAIL and Coal India Limited.

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He has also led the resolution of longstanding commercial disputes involving CIL subsidiaries and the Jharkhand State Electricity Board, besides spearheading the financial turnaround of SRBWIPL.

Malpani has also focused on digital transformation of finance functions, with an emphasis on financial management, operational efficiency, sustainable growth, capital management, technology integration and stakeholder value creation.

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