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Steel maker JSPL on Saturday announced the appointment of Ramkumar Ramaswamy as its chief financial officer (CFO) with immediate effect. Prior to joining the company, he was with Vedanta Limited as CFO – Group Commercial & Marketing, Jindal Steel and Power Limited (JSPL) said in a BSE filing.
“Ramkumar Ramaswamy, has been appointed as the CFO and Key Managerial Person (KMP) of the company…with effect from May 21, 2022,” it said.
Ramaswamy comes with 25 years of functional experience across sales and marketing, supply chain, controllership, financial planning and analysis, treasury, investments, tax, shared services and digital transformation, the filing said.
He has diverse industry experience spanning across FMCG, chemicals, oil & gas, metals, minerals, and natural resources sectors.
Part of O P Jindal Group, JSPL is an industrial house present across steel, power and mining sectors with investments worth over Rs 90,000 crore across the globe.
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Import of stainless steel from China and Indonesia went up by 184% in FY22 compared to the preceding year, accounting for a fourth of India’s consumption. The share of imported stainless steel from these countries was as high as 40% in the month of January, Jindal claimed.
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