New Delhi : The Ministry of Steel has suspended V.S. Chakravarthy, Director (Commercial), SAIL and A.K. Tulsiani, Director (Finance) of public sector steel giant SAIL with immediate effect.
“Complying with the instructions from the Ministry of Steel, SAIL has also placed 26 numbers of Below Board Level officials of the company on suspension with immediate effect,” the company said.
It claimed that the problem related to certain investigations being conducted in accordance with the Lokpal’s orders.
Amarendu Prakash, the chairman of SAIL, stated that the company is operating normally and that this will not have an effect on its performance.
“We are dedicated to uphold the highest standards of corporate governance and ethical conduct. SAIL continues to stand strong in the industry focussing on quality and customer satisfaction,” Amarendu Prakash.
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