Mr Roongta will lead the aluminium business of the group, including Balco that currently has 3Mt of fully integrated aluminium manufacturing facilities together with 6000MW of captive power plants.

Mr Roongta served as chairman of SAIL from August 2006 to May 2010 and was responsible for various important measures including capacity expansion and the development of the company's resource strengths.

During his 40-year tenure at SAIL, Mr Roongta handled several responsibilities including marketing and business development, plant operations, sourcing and commercial.

After retiring from SAIL, Mr Roongta was part of the panel of the Board for Industrial and Financial Reconstruction.