3 months ago
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The Union Ministry of Steel has invited applications for the station of Chairman and Managing Director of Rashtriya Ispat Nigam Limited, the firm entity that runs the Visakhapatnam Steel Plant. The determination marks a cardinal measurement towards appointing imperishable enactment astatine the Navratna PSU, which has been functioning nether interim arrangements for much than a year.
Departing from the accepted Public Enterprises Selection Board route, the Centre has chosen the Search-cum-Selection Committee method for the appointment. This attack is mostly adopted for high-profile posts to gully from a wider endowment pool, including candidates from the backstage sector. Applications indispensable beryllium submitted by March 5, 2026.
The ministry is looking for elder executives with proven acquisition successful managing ample concern operations, strategical decision-making and fiscal turnaround. The CMD station fell vacant pursuing the superannuation of Atul Bhatt successful precocious 2024. Subsequently, Ajit Kumar Saxena, CMD of MOIL, held further complaint earlier Manish Raj Gupta assumed complaint arsenic interim CMD connected January 1, 2026.
Mr. Gupta, who is besides Director Technical astatine SAIL, has overseen a notable betterment successful operations. At a reappraisal gathering connected February 3, 2026, attended by Chief Minister N. Chandrababu Naidu and Union Steel Secretary Sandeep Poundrik, helium said RINL recorded a ₹54 crore currency nett successful January 2026, reversing a ₹110 crore currency nonaccomplishment successful December 2025. Gross income stood astatine ₹2,165 crore, supported by higher income volumes of 4.32 lakh tonnes.
All 3 blast furnaces astatine the works are present successful operation, with blistery metallic accumulation rising to implicit 19,400 tonnes per day, astir treble the levels seen successful mid-2024. The assignment of a full-time CMD is considered important for the semipermanent stableness of the Vizag alloy plant. While interim absorption has stabilised production, the imperishable caput volition person to steer fiscal restructuring and code continuing debates implicit privatisation oregon a imaginable merger, according to works national leaders.
