"Prakash Kumar Singh, 57, has taken charge as Chairman, SAIL today," SAIL said in a release.
He will hold the post for three years till attaining 60 years of age, as the Chairman, according to the official order, holds the post for a period of five years or superannuation, whichever is earlier.
Singh had been serving as the Chief Executive Officer (CEO) of Durgapur Steel Plant since 2012.
An alumnus of IIT-Roorkee, Singh started his career in SAIL at Bokaro Steel Plant in 1980. He also worked at IISCO Steel Plant, Durgapur Steel Plant and Bokaro Steel Plant.
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Singh took over the baton from MSME Secretary Anup Pujari who held the additional charge of SAIL Chairman till yesterday.
In June, the Maharatna PSU had said that C S Verma had relinquished the charge as Chairman and Managing Director on completion of his tenure and Steel Secretary Rakesh Singh had assumed the charge till a regular chief was appointed.
After Rakesh Singh retired in September 2015, Pujari assumed the additional charge of Steel Ministry as well as the Chairman and Managing Director (CMD) of the country's largest steel producer.