31 MAY 2011www.alu.com.cn
SK Roongta may lead Vedanta's Aluminium business
Edited by : AL CIRCLE
1 min read
Anil Agarwal-controlled Vedanta Resources is likely to hire Sushil Kumar Roongta, former chairman of Steel Authority of India , as head of aluminium business , sources with knowledge of the development said.
Roongta is expected to oversee aluminium operations at Balco, Malco, and Vedanta Aluminium from June.
Roongta's appointment is viewed by industry experts as part of the group's strategy to get closer to government quarters following the problems it faced since the Cairn deal announcement. A Vedanta source said, "It is clear that we have to be close to the government and that's what we are working on."
Agarwal has given mandate to Roongta, who has spent about 37 years in metals space and worked closely with government machinery, to smoothen processes pertaining to seeking government clearances for aluminium projects, sources said.
Roongta, who was chairman of one of India's largest public sector companies SAIL from August 2006 to May 2010, made efforts to streamline processes to expand steel capacity and safeguard the firm's interest by retaining rights over Chiria mines. Both Vedanta Resources and Roongta declined to comment on the development.
Roongta is expected to oversee aluminium operations at Balco, Malco, and Vedanta Aluminium from June.
Roongta's appointment is viewed by industry experts as part of the group's strategy to get closer to government quarters following the problems it faced since the Cairn deal announcement. A Vedanta source said, "It is clear that we have to be close to the government and that's what we are working on."
Agarwal has given mandate to Roongta, who has spent about 37 years in metals space and worked closely with government machinery, to smoothen processes pertaining to seeking government clearances for aluminium projects, sources said.
Roongta, who was chairman of one of India's largest public sector companies SAIL from August 2006 to May 2010, made efforts to streamline processes to expand steel capacity and safeguard the firm's interest by retaining rights over Chiria mines. Both Vedanta Resources and Roongta declined to comment on the development.
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