Incumbent Anil Kumar Chaudhary, who retires on December 31 upon attaining the age of superannuation after taking charge a little over two years ago, has done commendable job turning the fate of the company around with some brave initiatives including offering employees sabbatical leave, with two successive years of profit even as SAIL was incurring losses in the previous three years starting with 2016.Ī veteran in the metal sector, Mondal joined SAIL in 2017 from another state-run firm Nalco as its director commercial. Non-executives of the company, who are a majority, are waiting for a wage revision for five years now while executives are also waiting for a revision since 2017.Ī section of SAIL’s employees’ union has already conveyed their displeasure over the issue to Mondal, but assured full support to the new chairperson in her endeavour to take the company to a greater height. However, any vagaries in coking coal prices, benign till now, which SAIL largely banks on imports might spoil the party.Īnother worry looming large is the long-pending wage revision of the company.
Coupled with buoyant steel market that is holding prices at 12-year high, SAIL’s stocks are hovering now at near 52-week high in the BSE.
