Amarendu Prakash Resigns as SAIL Chairman; Interim Leadership Appointed
Amarendu Prakash steps down as SAIL chairman; interim CMD named
The Economic Times
Image: The Economic Times
Amarendu Prakash has resigned as Chairman and Managing Director of Steel Authority of India Ltd (SAIL) effective April 2, 2026, following approval from the steel ministry. Krishna Kumar Singh, the company's Director (Personnel), will serve as interim CMD for three months or until a permanent replacement is appointed.
- 01Amarendu Prakash's resignation is effective April 2, 2026.
- 02Krishna Kumar Singh appointed as interim CMD for three months.
- 03Ashok Kumar Panda recommended as potential successor.
- 04Prakash's tenure as chairman began on May 31, 2023.
- 05SAIL is India's largest public-sector steel-making entity.
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Amarendu Prakash has officially resigned from his position as Chairman and Managing Director of Steel Authority of India Ltd (SAIL), effective April 2, 2026. His resignation was approved by the steel ministry, and he submitted his notice on January 2. In the interim, Krishna Kumar Singh, the company's Director (Personnel), will take on the role of interim CMD for a period of three months, or until a permanent appointment is made. The government head-hunter PESB has recommended Ashok Kumar Panda, the Director (Finance) of SAIL, as a candidate for the top position. Prakash's leadership began on May 31, 2023, and he expressed a commitment to ensuring a smooth transition in his resignation letter.
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The leadership change at SAIL could affect the company's strategic direction and operational stability, impacting employees and stakeholders in the steel industry.
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