V R Sharma quits JSPL, to join Bangladesh’s Abul Khair Group as CEO (steel & Power)

Steel industry veteran V R Sharma has quit JSPL to join Bangladesh-based Abul Khair Group as Group Chief Executive Officer in charge of steel and power business. ‘I have quit JSPL and have joined Abul Khair Group of Bangladesh as Group CEO (Steel and Power Business). The group has diversified manufacturing facilities in steel, ceramics, cement, cigarettes, milk products and chocolates etc,’ Sharma said.

Sharma was working with Naveen Jindal-led Jindal Steel and Power Ltd (JSPL) as Deputy Managing Director and CEO (steel business) before joining the Bangladeshi firm. In steel, Abul Khair Group produce long, flat and coated products. The group features among top three business houses in Bangladesh. The group has a 2 million tonnes per annum (mtpa) steel plant in Chittagong and is adding another 2.5 mtpa capacity with a hot strip mill.

It is also setting up another 2 mtpa steel-making facility with downstream facilities in the Middle East and Africa with an aim to take its overall manufacturing capacity to 6-6.5 mtpa.