Jindal Steel & Power on Friday announced that its CFO Ramkumar Ramaswamy has resigned from the services of the company, with effect from January 31, 2024. “We wish to inform that Ramkumar Ramaswamy, Wholetime Director & Chief Financial Officer – Jindal Steel & Power, has decided to resign from the services of the Company for personal reasons, after 2 years of service,” the company said in a regulatory filing.
Further, it also stated that Sunil Agrawal, who has been with the organization for over 3 decades, will be assuming the responsibilities of Chief Financial Officer, for the time-being.
Sunil Kumar Agrawal is a Chartered Accountant, having experience of close to 31 years in the Corporate Finance function. Sunil Agrawal joined the Company in May 1993 and has served in various positions in the organization, having joined the machinery division of the company initially, followed by the Mining division. Thereafter, he joined the Power division and has served across various senior positions in the finance function.
Presently, Sunil Agrawal is Head of Group Accounts for the Company, leading the accounting function and driving various key projects and initiatives as a member of the finance team of the Company.
In other news, Jindal Steel & Power also announced the commissioning of its State-of-the-art Hot Strip Mill complex at its Angul plant. Jindal Steel & Power, today, made the first-ever rake dispatch from the newly commissioned mill.
“Commissioned in a world record period of 29 months from the groundbreaking date of 7th Aug 2021, the HSM produced its first coils on January 10, 2024. The first dispatch of the coils took place on 15th January 2024. Supplied by SMS SIEMAG, the HSM is capable of producing up to 6 MTPA 1.00mm thick and 1680mm wide coils and is equipped with advanced features like Transfer bar cooling, edge heater, coil box, and heat shields, ensuring top-notch flatness, uniform mechanical properties, and production of superior value-added grades,” it said.