Ashok Kumar Panda assumed charge as Chairman and Managing Director of Steel Authority of India Limited (SAIL)

Exam-focused facts from the 13 May 2026 current affairs briefing.

Key facts

Ashok Kumar Panda has taken over as the Chairman and Managing Director (CMD) of Steel Authority of India Limited (SAIL).
Prior to his elevation, he served as Director (Finance) and held the additional charge of Director (Commercial) for approximately nine months.
He joined SAIL as a Management Trainee (Technical) in 1992.
He holds a Bachelor’s in Electrical Engineering, a specialisation in Finance from XIM, Bhubaneshwar, and a Ph.D. in Business Finance.
He is credited with reducing borrowings by ₹20,000 crore through deleveraging efforts.