Jindal Steel and Power Limited (JSPL), an Indian steel and energy company based in New Delhi, India, has announced the appointment of Sudhanshu Saraf as the CEO for its Steel business.
Saraf will head several of the company’s businesses and departments in various regions, including South Africa, Mozambique and India.
His appointment, which was announced mid-this week, comes a day after the company announced the elevation of Naushad Akhter Ansari as Joint Managing Director of JSPL.
JSPL boasts a turnover of approximately $3.3 billion. The company is part of an $18 billion diversified Jindal Group conglomerate. JSPL is a leading player in steel, power, mining, oil and gas and infrastructure in India.
In terms of tonnage, it is the third largest steel producer in India. The company manufactures and sells sponge iron, mild steel slabs, ferro chrome, iron ore, mild steel, structural, hot rolled plates and coils and coal-based sponge iron plant.
In his new role, Sudhanshu Saraf will spearhead JSPL’s domestic and international operations across the Indian Towns of Angul (Odisha), Raigarh (Chhattisgarh), Patratu (Jharkhand) and the Town of Sohar in Oman, as well as the company’s mining business in Tensa, Australia, Mozambique and South Africa.
“I see JSPL in a position of strength on many counts. I am excited about this opportunity to leverage these strengths to take JSPL to unprecedented heights,” Saraf said following his appointment.
His sentiments come at a time when the company is driving an ambitious global expansion plan with its sights set on emerging as a leading transnational business group.
“The company continues to capitalise on opportunities in high growth markets, expanding its core areas and diversifying into new businesses,” JSPL said in a statement.
The company’s export portfolio is growing by the day with an existing export footprint in 22 countries.