Naveen Jindal resigns from Jindal Stainless Board

April 01, 2016 01:09

Naveen Jindal has resigned from the board of Jindal Stainless Ltd, a company led by his brother Ratan Jindal. The resignation of Naveen -- Chairman of steel-to-power group Jindal Steel and Power -- from JAL Board is with effect from yesterday.

In a BSE filing, JAL said: "Naveen Jindal, Director has resigned from the Board of Directors of the company with effect from March 30, 2016 due to preoccupation." Yesterday, in a BSE filing, JSPL had said that Ratan Jindal resigned from the Board of the company with effect from March 30, 2016 due to his pre-occupation.

Both, JSL and JSPL are part of the USD 18 billion O P Jindal Group which has interests spanning steel, mining, power, industrial gases and ports.

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