Ashok Kumar Panda - newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra

Powering Progress Through Commitment and Teamwork?

Newsmantra — Mon, 18 May 2026 13:29:53 +0000

NEW DELHI. India’s power sector today is navigating a transformative phase — balancing rising energy demand, sustainability commitments, grid reliability, infrastructure expansion, and rapid technological evolution. In this journey, every new milestone strengthens not only the grid, but also the nation’s growth story.

SAIL Chairman and Managing Director Ashok Kumar Panda said SAIL will continue hiring at lower levels for expansion and operational requirements. SAIL has also launched a voluntary retirement scheme aimed at reducing employee numbers by another 500 to 1,000, Panda said

The steelmaker plans capital expenditure of about Rs 15,000 crore in FY27, up from around Rs 9,100 crore in FY26, as it expands plants at IISCO, Bokaro and Bhilai.

Panda said annual capital expenditure could rise further to Rs 20,000 crore-Rs 25,000 crore over the following years as expansion projects gather pace. The company said it will continue focusing on operational efficiency, cost reduction and higher capacity utilisation while managing future borrowing requirements.

The post Powering Progress Through Commitment and Teamwork? appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

PESB Recommends Dr. Ashok Kumar Panda for CMD of SAIL

Newsmantra — Mon, 30 Mar 2026 06:19:42 +0000

NEW DELHI. The Public Enterprises Selection Board (PESB) has recommended Dr. Ashok Kumar Panda for the position of Chairman and Managing Director of Steel Authority of India Limited (SAIL). Currently, he serves as the Director (Finance) of SAIL.Several candidates appeared for interviews, including Shri Manish Raj Gupta, Shri Alok Verma, Shri Bipin Kumar Giri, and others from various government and steel organizations, for the top leadership role at SAIL.

The post PESB Recommends Dr. Ashok Kumar Panda for CMD of SAIL appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

Dr. Ashok Kumar Panda takes charge as SAIL’s Director (Finance)

Newsmantra — Fri, 02 May 2025 12:23:34 +0000

Dr. Ashok Kumar Panda has assumed the role of Director (Finance) at Steel Authority of India Limited (SAIL) . Joining SAIL in 1992 as a Management Trainee, Dr. Panda brings over three decades of rich experience in financial accounting, budgeting, business planning, taxation, and strategic management. Known for his technical and financial acumen, he has significantly contributed to initiatives such as deleveraging, cost optimisation, tax efficiency, and the implementation of digital invoicing across SAIL units. He has also represented SAIL as a Nominee Director on the boards of its subsidiaries and joint ventures, reinforcing strong financial governance.

Beyond finance, Dr. Panda has played a key role in areas like mining, plant operations, and projects, earning accolades such as the Jawahar Award for Excellence in Cost Management and recognition in the Chairman’s Trophy for Young Managers. His proactive approach and leadership qualities, developed through diverse assignments and global training exposure, are set to support SAIL’s vision of driving efficiency, innovation, and competitiveness in the steel sector.

The post Dr. Ashok Kumar Panda takes charge as SAIL’s Director (Finance) appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.