Jindal Steel & Power Ltd announces resignation of CFO

Mr. 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. His departure is effective 31st January, 2024. The Company appreciates his valuable contributions during this time.

Further, Mr. 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.

Mr. Sunil Kumar Agrawal is a Chartered Accountant, having experience of close to 31 years in the Corporate Finance function. Mr. 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, Mr. Sunil Agrawal joined the Power division and has served across various senior positions in the finance function.

Presently, Mr. 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.

Shares of Jindal Steel & Power Limited was last trading in BSE at Rs. 719.45 as compared to the previous close of Rs. 722.15. The total number of shares traded during the day was 119344 in over 3528 trades.

The stock hit an intraday high of Rs. 727.65 and intraday low of 701.00. The net turnover during the day was Rs. 85199970.00.

Source : Equity Bulls

Keywords

JindalSteelandPower INE749A01030 CFO Resignation