Worldsteel elects JSW CMD Sajjan Jindal as its treasurer

NEW DELHI: Global body World Steel Association (worldsteel) on Thursday said it has elected JSW

Steel CMD Sajjan Jindal as its treasurer.

The association has also appointed Tata

Steel MD T V Narendran and Arcelormittal Chief L N Mittal as its members.

"The Board of Directors yesterday (Wednesday) elected ...new officers for 2018/2019 at the worldsteel General Assembly in Toyko, Japan. The new officers are elected for a one-year period," the global steel body said in a statement Thursday.

The board has elected Andre Johannpeter, Executive VC of Gerdau S A, as the Chairman, the body said. YU Yong (Chairman HBIS Group) and Kosei Shindo (Representative Direc- tor, Nippon Steel and Sumitomo Metal Corporation) have been elected to the post of Vice-chairman. CMD of Indian steel giant JSW Steel, Sajjan Jindal, has been elected as the Treasurer of worldsteel, the statement said. The board, worldsteel said, also elected a 13-member Executive Committee.

Jindal, Shindo, Yong and Johannpeter were also elected as the members of the committee. Tata Steel's Managing Director T V Narendran and NRI steel baron Lakshmi Niwas Mittal were also elected as a members.

Besides, Wolfgang Eder of voestalpine AG, John Ferriola of Nucor Corporation and Koji Kakigi of JFE Steel Corporation were elected to the committee as members. Bharat Heavy Electricals Limited (BHEL) has been conferred the ‘ICAI National Award for Excellence in Cost Management 2017’. The award was presented by Minister of Railways and Coal Piyush Goyal to BHEL C&MD Atul Sobti, and Director (Finance) Subodh Gupta Power system Operation Corporation Limited (POSOCO) paid a dividend of `474.92 lakh to Government of India for the FY18. POSOCO had become a wholly owned Government Enterprise since January, 2017. The payment advice was handed over to Secretary (Power) A K Bhalla, by POSOCO CMD K V S Baba