Chaudhary, at present, has been serving as the Director (Finance) in the country's largest steel making company.
The post of SAIL chairman fell vacant on June 30 with the retirement of P K Singh.
The order issued by Prime Minister Narendra Modi-led Appointments Committee of the Cabinet (ACC) said Chaudhary will be in the post till his superannuation in December, 2020.
The top appointments-making panel also deputed P K Rath as CMD of the Rashtriya Ispat Nigam Limited (RINL).
He has been serving as the Director (operations) in the same company, the second largest steel-making firm in the public sector.
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