Steel Authority of India Limited (SAIL) has appointed Dr. Ashok Kumar Panda as its new Director (Finance), effective April 30, 2025. Dr. Panda brings over three decades of experience within SAIL, having joined the company in 1992 as a management trainee. Throughout his tenure, he has held various positions across multiple plants and units, demonstrating a deep understanding of the organization’s financial operations.

In his previous role as Executive Director (Finance), Dr. Panda spearheaded several key initiatives aimed at enhancing SAIL’s financial health. These included deleveraging efforts to reduce debt, cost optimization strategies to improve efficiency, and the implementation of digital invoicing systems to streamline financial processes. His leadership in these areas has been instrumental in strengthening the company’s financial governance.

Dr. Panda has also played a significant role in formulating policies related to rail pricing and fixed asset sales, contributing to more strategic decision-making within the organization. His expertise extends to tax optimization measures, further reinforcing SAIL’s commitment to fiscal responsibility and compliance.