New SAIL chairman to focus on financial performance improvement

Soma Mondal, who has taken over as Chairman of Steel Authority of India Ltd on the first day of 2021, has asked employees of public sector steel behemoth to focus on making the organization financially and structurally strong.

“Our immediate focus is to improve the top-line and the bottom-line of the company. We are charting out all strategies to improve value for all our stakeholders and make it structurally stronger,” SAIL’s first woman Chairman said after taking charge.

Mondal was Director (Commercial) of SAIL prior to this position. Before joining SAIL as a Director, Mondal was the Director (Commercial) at NALCO.

After assuming charge, she said, “SAIL has a rich legacy with enormous contributions from its employees and leadership over the decades. It has been at the forefront of the nation building.

“There’s a little bit of SAIL in everybody’s life is an apt description of SAIL’s importance as a trusted steel maker to the nation,” she said. “SAIL is a colossal organization, with multi-location production units & mines, wide ranging product basket and diverse workforce. People are its greatest strength and with synergized efforts of the entire Team SAIL, we will strive to attain higher summit,” she added.

Mondal was instrumental in introducing new marketing strategies and products at SAIL enriching the company’s product basket.

Under her leadership, the company launched niche branded products like NEX (Structural) and SAIL SeQR (TMT bars). Both these products have emerged as bestin-class in their respective categories.

A graduate in Electrical Engineering from the National Institute of Technology, Rourkela in 1984, Mondal started her career as a Graduate Engineer Trainee at NALCO and rose to become Director (Commercial).