GPIL Strengthens Corporate Governance - Appoints New Independent Directors on Board

Godawari Power & Ispat Limited (BSE Code - 532734 / NSE Code - GPIL), a dominant player in steel industry, has announced the appointment of two distinguished professionals to its Board of Directors, effective from May 4, 2024. The newly appointed directors, Mr. Sunil Duggal and Mrs. Roma Ashok Balwani, are distinguished industry leaders with a proven track record of success. They bring with them a wealth of expertise and experience, further enhancing the company's governance framework and strategic direction.

Mr. Sunil Duggal, an industry veteran with over 37 years of experience, served as the CEO and Whole-time Director of Vedanta Limited. Prior to that, he held the position of CEO & Whole-Time Director at Hindustan Zinc Limited (HZL). He is the Chairman of National Committee of Mining - Confederation of Indian Industry (CII), Former President of Federation of Indian Mineral Industries (FIMI), Former Co-Chair -FICCI Non-Ferrous Metals Committee-2018 and Former Chairman - Skill Council for Mining Sector, India. Throughout his career, Mr. Duggal has been recognized for his outstanding contributions to the industry, receiving prestigious awards such as "CEO of the Year" by ABP News in 2018 and the "Fun & Joy at Work" award by ET Now in 2019.

Mrs. Roma Ashok Balwani, who served as Senior Advisor at Vedanta Group, brings extensive experience in sustainable development, brand management, and stakeholder engagement. She is known for aligning communication and sustainable development strategies in a socially responsible and environmentally friendly manner, positively impacting communities' quality of life. Mrs. Balwani is also a member of the Team Lease Edtech Advisory Board, specializing in providing Enterprise Learning Solutions to corporate clients and apprenticeship programs for Indian youth employability.

Mr. B. L Agrawal, Managing Director of GPIL, expressed his delight, stating, "We are delighted to welcome Mr. Sunil Duggal and Mrs. Roma Ashok Balwani to GPIL's Board of Directors. Their expertise and insights will be instrumental in guiding the company's strategic direction while upholding the highest standards of governance. Their appointments signify an important step for GPIL as it continues its growth journey in the steel sector. The company remains committed to transparent, effective governance practices that create sustainable value for all stakeholders."

Commenting on the development, Mr. Sunil Duggal said, 'I am happy to join the board of GPIL and am excited about the opportunity to contribute my experience and insights to the strategic direction of the company. I am confident that with my wide experience at large conglomerates, I will be able to contribute to the culture of excellence and add significant value to all the stakeholders of GPIL.

Mrs. Roma Balwani too expressed her excitement and commented, 'It is an honor to bring my expertise in sustainable development and stakeholder engagement to GPIL's Board. I am enthusiastic about collaborating with the team to drive positive change, promoting sustainable growth, and prioritizing the holistic well-being of all stakeholders.'

Source : Equity Bulls

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GodawariPowerandIspat GPIL Appointment Board