Mr Sushil Kumar Roongta, has been appointed as the Chairman of Steel Authority of India Limited (SAIL). Prior to this, Mr Roongta was Director (Commercial) holding additional charge of Chairman, SAIL ever since his predecessor Mr V.S. Jain superannuated on 31 July 2006.
An engineering graduate from BITS, Pilani with post-graduation in International Trade from the Indian Institute of Foreign Trade (IIFT), New Delhi, Mr Roongta started his career in SAIL in 1972 as Sales Executive in its marketing set-up and held different positions in the company during the last 34 years. He was elevated as a member of the SAIL Board in February 2004. Known for his indepth knowledge of the steel industry, analytical skill and strategic thinking, Mr Roongta spearheaded various key marketing initiatives for the company.
As Director (Personnel) he also oversaw important areas such as Raw Materials and Corporate Planning. In the short period, Mr Roongta headed these functions, he spearheaded formulation of HR policies, formation of strategic alliances/joint ventures & strategic planning for future raw material requirement of SAIL. Mr Roongta also had first hand experience in managing a steel pant with additional charge as Managing Director of Durgapur Steel Plant.
Sourced From: SAIL
SAIL stock price
On October 20, 2014, at 14:02 hrs Steel Authority of India was quoting at Rs 77.90, up Rs 0.50, or 0.65 percent. The 52-week high of the share was Rs 112.90 and the 52-week low was Rs 54.05.
The company's trailing 12-month (TTM) EPS was at Rs 6.53 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 11.93. The latest book value of the company is Rs 103.30 per share. At current value, the price-to-book value of the company is 0.75.