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Ajit Kumar Saxena, Chairman & Managing Director (CMD) of MOIL, has been assigned the additional charge of Rashtriya Ispat Nigam Limited (RINL) following the departure of Atul Bhatt, who has proceeded on leave ahead of his impending retirement. Saxena will oversee the operations of RINL until the appointment of a permanent CMD.
Atul Bhatt’s departure has fueled widespread speculation. Sources suggest that Bhatt’s decision to step aside could be linked to the ongoing discussions regarding a potential merger of RINL with the Steel Authority of India Limited (SAIL). The merger talks, which have been circulating in industry circles, are seen as part of the government’s larger strategy to consolidate public sector steel companies.
