IMFA Group creates distinct business units as part of new organisation structure

KOLKATA: Indian Metals & Ferro Alloys Ltd (IMFA), a leading producer of value-added ferro chrome, has appointed Deepak Mohanty as head of its newly formed Ferro Alloys Business Unit, as part of a new organisation structure adoted by the group .

The changes which came into effect from April2, 2013, will see B D Sahoo leading its Power Business Unit. The changes, based on the concept of ""external facing business"", have been brought to usher in authority, responsibility and accountability down the line and free up senior management bandwidth to focus on strategic priorities.

Captive chromite mining, an essential aspect of IMFA's core competitiveness, will now come under the Ferro Alloys Business Unit so as to give the head of the business unit (BU) end-to-end responsibility.

The BU Heads will report to Jayant Misra, Chief Operating Officer while Prem Khandelwal will be the Chief Financial Officer. The management team will be led by Subhrakant Panda, Managing Director & CEO.

Other executives discharging important responsibilities in the new oganisation structure are V K Agrawal, Executive Vice President - Mining; Dhananjaya Senapati, Vice President - Manufacturing (Ferro Alloys); Bijayanand Mohapatra, Vice President - Operations (Power); Sanjeev Das, Head - Corporate Affairs & Legal; Ashok Behera, Head - Projects; and Aashish Mishra, Head - Human Resources.

Commenting on the developments, Mr Subhrakant Panda, Managing Director & CEO said: "The new organisation structure will bring about greater efficiency, agility & accountability at the operating level with Business Unit Heads being largely responsible for routine matters so that senior management bandwidth is freed up to focus on strategic priorities including growth from areas other than existing businesses. This organisational restructuring will help us in delivering superior growth and more effectively discharging our responsibility to all stakeholders."