In Focus: The man behind the success of JSPL amid Economic Crisis

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NEW DELHI (Metro Rail News) : The Indian economy is witnessing one of the worst slowdowns in its entire history with the GDP contracting to -23.9 percentage in the First Quarter of the financial year 2020 – 2021. The Iron and Steel sector is not an exception. The power sector is also experiencing a severe crisis since the lockdown. When the nation was under complete lockdown with most of the economic activities closed, Jindal Steel and Power Limited went on to succeed further in the leadership of its Managing Director, Mr V R Sharma. He inspired the entire workforce of Jindal steel and power limited after the Coronavirus spread to achieve extraordinary results in production and sales.
Mr Vidya Rattan Sharma generally known as V R Sharma is a leading Technocrat and a Mechanical Engineer by profession. He holds a degree in mechanical engineering from The United Kingdom. He has worked in the Power, Steel and Mining sector for the last 37 years, while his work experience ranges from planning and management to its execution on the ground. Mr Sharma is also a business graduate with having an MBA degree from the United
Kingdom.

He was working with Abul Khair Group of Bangladesh/UAE/Africa for five years before joining as the Managing Director of Jindal Steel and Power Limited in June 2019. He has also worked with ISPAT Industries, Bhushan Steel Group and Socialist Steel Libya which make his experience vast and enormous. In the last year under the dynamic leadership of Mr Sharma, JSPL has shown excellent performance on different levels. The higher production and Sales during Covid-19 has helped the company to gain a profit of Rs 226 crores and an ever-higher EBIDTA during Covid-19 (1st Quarter of the year 2020-21).


In an exclusive interview with Metro Rail News, he discussed various measures in place that helped the company to gain profits and higher production volumes. He said, “We took lockdown differently. When the lockdown was there, We decided to move on, We did not stop production. It was the reason which helped us to formulate the right strategy to move forward. We utilised our time to give pace to the marketing work along with mobilising our people at workplaces. In Jharkhand, Orissa and Chhattisgarh, the pandemic impact was very
minimal”.

“The local people were healthy. These are the places where we run our plants and keeping in view the concepts of social distancing and personal hygiene. We are working tirelessly to achieve our targets. We minimised overcrowding by allowing the workers of the commercial segment to work from home. These factors were the key to success”, he added.

JSPL is indeed very fast-growing company today & it is building rails which may fulfil the needs of the whole country as of now. The team under the leadership of Mr Sharma has also helped the people of surrounding areas of its establishments during lockdown imposed due to Coronavirus spread.

The company decided to provide help to the people living in the neighbourhood of its establishments. The company helped these people to remain well with deploying a team of doctors available on a 24/7 basis. It is one of the many humanitarian works which Mr Sharma has planned and executed keeping in view the social responsibility of the company along with making a profit with better planning for exports during the lockdown.

As of now, Mr Sharma has been working rigorously to help JSPL continue its success stories ahead in the long run. As the journey continues, The company is likely to achieve higher in the long run under his leadership according to industry experts.

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