JSW chairman Sajjan Jindal's salary to see 55% hike to Rs 12 cr

JSW Steel has proposed to increase salary and perks of its Chairman and Managing Director Sajjan Jindal by over 55 per cent to Rs 12 crore for next five years. This excludes profit-linked commission paid to Jindal, which has been proposed at 0.5 per cent of the net profit in a given year, the company said in a notice to shareholders for the annual general meeting to be held on July 25.