Jindal Steel Appoints New CEO Amidst Below-Expectations Earnings

A big steel company called Jindal Steel has a new boss, Gautam Malhotra, who is now its CEO.

This is the first CEO they've had in five years!

The company also just shared its recent money report, and it wasn't as good as people expected.

Their profits went down because the price of steel dropped, and they sold a bit less than before.

This happened during a time of year when people build less, so they need less steel.

Even though things are a bit tough with sales, the company is still growing its factories to make more steel in the future.