Business OpportunitiesSAIL Chairman appointed member of WSA council
State-owned Steel Authority of India (SAIL) today said its Chairman Sushil Kumar Roongta has been appointed a member of the Executive Committee of the World Steel Association, which comprises of CEO"s of top global steel companies.
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"SAIL Chairman S K Roongta has been appointed member of the Executive Committee of the World Steel Association (WSA)," the steel maker said in a statement here.
The company said Roongta is not only a chief executive of an Indian firm to be in the committee, but is also the first SAIL Chairman to be appointed to the post.
The WSA announced the names of its new Executive Committee members at its annual board meeting held in Beijing yesterday, it added. The Council is responsible for discussing and formulating policies for the global steel industry.
The Association represents as many as 180 steel producers, including 18 of the world"s 20 largest companies.
SAIL had reported a net profit of Rs 2,813 crore during the first half of 2009, which the company said is the highest among its global peers.