Ramaraju is SAIL's new director

The board of directors approve appointment of R Ramaraju as Managing Director of Bhilai Steel Plant and as the company's Director.

State-run Steel Authority of India Ltd (SAIL) on Friday said it has appointed R Ramaraju as the Managing Director of its Bhilai Steel Plant.

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The board of directors have approved the appointment of R Ramaraju as Managing Director of Bhilai Steel Plant and as the company's Director, SAIL informed the Bombay Stock Exchange.

Shares of the company were trading at Rs 78, up 3.59 per cent at the BSE.