Anil Kumar Chaudhary has taken charge as Chairman, Steel Authority of India Limited (SAIL) today. Prior to this, he was the Director (Finance) of SAIL since 2011.
A graduate from the University of Delhi, Shri Chaudhary joined SAIL in 1984 as Junior Manager (F&A). Working his way, he rose to the rank of Executive Director (Finance & Accounts) at Bokaro Steel Plant in 2010. In 2011, he became the Director (Finance) of the Company.
During his tenure in SAIL, Shri Chaudhary made significant contribution in the areas of Treasury and Banking Operations, Foreign Exchange Management, Capital Budgeting, Cost & Operations Budget, Financial Concurrence and Administration of centralized Gratuity and Superannuation funds. As Director (Finance), Shri Chaudhary played an important role in improving the Company’s financial performance at a time when the entire steel industry was facing challenges including global over capacity and rising coal prices. His strategies of cost effectiveness, optimum resource utilization and prudent financial planning helped in SAIL’s turnaround.