THEBUSINESSBYTES BUREAU

NEW DELHI, JULY 24, 2026

Jindal Steel Limited, formerly known as Jindal Steel & Power Limited, has announced a major leadership overhaul aimed at accelerating its next phase of growth and strengthening corporate governance. The decisions were approved at the company's Board of Directors meeting held on July 24, 2026.

The Board has re-appointed industry veteran Vidya Rattan Sharma as an Additional Director and Managing Director of the company for a period of two years, effective July 24, 2026. His return marks a significant leadership milestone for Jindal Steel as it focuses on expanding its footprint across the steel, power, and mining sectors.

A distinguished technocrat with nearly four decades of global industry experience, Sharma has previously played a pivotal role in shaping the company's growth trajectory. He served as Managing Director from 2019 to 2022 and earlier as Deputy Managing Director & Chief Executive Officer between 2010 and 2014. Widely recognized for his strategic leadership and operational expertise, Sharma is expected to steer Jindal Steel through its next phase of business expansion, operational excellence, and value creation.

Alongside the Managing Director's appointment, Jindal Steel has significantly reinforced its senior management team through a series of key executive appointments designed to support the company's evolving business ambitions.

The Board has appointed Sandeep Modi as the company's Chief Financial Officer (CFO) and Key Managerial Personnel with effect from July 24, 2026. Modi brings more than two decades of extensive financial leadership experience, having previously served as CFO at Hindustan Zinc Limited, Bharat Aluminium Company Limited (BALCO), and Talwandi Sabo Power Limited. Following his appointment, Sunil Agrawal, who has been serving as Interim CFO, will step down from the position while continuing to oversee the company's finance function, ensuring a seamless leadership transition.

Strengthening operational leadership, Rajiv Kumar has been appointed as Chief Operating Officer (COO). A seasoned Metallurgical Engineer with over 35 years of experience in the steel industry, Kumar has held several senior leadership positions, including Chief Executive Officer of Vedanta Aluminium and Vice President – Operations at Tata Steel's Kalinganagar plant. In his new role, he will oversee operations across all manufacturing facilities and mining assets, with a focus on operational efficiency, productivity, and sustainable growth.

Further reinforcing its people strategy, the company has appointed Sukhjit S. Pasricha as Head – Human Resources. With nearly three decades of HR leadership experience across leading organisations including IndiGo, Kotak Mahindra Bank, Bajaj Finance, and Airtel, Pasricha will spearhead Jindal Steel's talent transformation initiatives, leadership development, and organisational capability-building efforts.

In another important corporate governance decision, the Board has recommended the appointment of S S Kothari Mehta & Co. LLP as the company's Statutory Auditors for a five-year term commencing from the conclusion of the upcoming 47th Annual General Meeting (AGM) until the conclusion of the 52nd AGM, subject to approval by shareholders.

The comprehensive leadership restructuring reflects Jindal Steel's strategic intent to strengthen its management capabilities, enhance operational excellence, deepen financial discipline, and build a future-ready organisation.