Shyam Metalics and Energy Ltd has appointed Chandra Shekhar Verma, former Chairman and Managing Director of Steel Authority of India Ltd (SAIL), as its new independent director. Verma will join the company’s strategic advisory board, contributing to key decision-making processes aimed at driving growth and development.
Verma brings over 40 years of public sector experience, primarily in the steel industry. He served as the CMD of SAIL from June 2010 to June 2015 and held additional roles such as CMD of NMDC and International Coal Ventures Ltd (ICVL). His extensive background underscores his expertise as a strategic leader and techno-commercial expert, which is expected to significantly benefit Shyam Metalics.
In his new role, Verma expressed his eagerness to contribute to the critical decision-making processes that will drive Shyam Metalics’ business development. The company, based in West Bengal and Odisha, is an integrated metal-producing firm with a focus on long steel products and ferro alloys.
Bhushan, Vice-Chairman & Managing Director of Shyam Metalics, welcomed Verma, highlighting that his skills and leadership are crucial for the company’s continuous development. Verma’s appointment is anticipated to enhance Shyam Metalics’ market position and support its strategic initiatives for growth.
Shyam Metalics looks forward to leveraging Verma’s extensive experience to steer the company towards new heights, reinforcing its commitment to innovation and excellence in the steel industry. Verma’s strategic insights and leadership are expected to play a pivotal role in driving the company’s future success.