Date: May 26, 2026
KMP / Board / Auditor Changes
Shri MNVS Prabhakar (DIN: 11711977) has been nominated as Non-Executive Chairman on the Board of The Orissa Minerals Development Company Limited (OMDC), effective from May 25, 2026. He replaces Shri Manish Raj Gupta, former CMD (Additional charge) of Rashtriya Ispat Nigam Limited (RINL).
Shri Prabhakar is currently the Chairman & Managing Director of Rashtriya Ispat Nigam Limited (RINL), OMDC's ultimate holding company. The nomination was made through a letter dated May 25, 2026, from RINL.
Profile Details:
- Appointed as Chairman & Managing Director of Rashtriya Ispat Nigam Limited on May 12, 2026
- Distinguished technocrat and seasoned steel industry leader with over three decades of experience
- Previously served as Executive Director of NMDC Steel Limited (NSL), where he led operational and financial turnaround initiatives
- Began career with Steel Authority of India Limited (SAIL) in 1991 as Management Trainee (Technical)
- Educational qualifications: Bachelor of Engineering in Metallurgy from VRCE, Nagpur; MBA in HR & Marketing
- Known for deep operational insight, strategic vision, and commitment to excellence
- At NSL, spearheaded integrated transformation strategy focusing on safety leadership, team alignment, and performance accountability
- Achieved major milestones including plant stabilization near rated capacity, improvement in techno-economic parameters, enhanced productivity, and reduced specific energy consumption
- Drove digital initiatives including RFID-enabled systems, digital gate entry, and Vehicle Tracking Systems (VTS)
- Promoted environmental sustainability, manpower rationalization, and transparent workplace practices
Regulatory Compliance:
- Shri Prabhakar is not related to any Director of OMDC
- Confirmed not debarred from holding office of Director by virtue of any SEBI or other authority order
- Board composition continues to comply with Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Disclosure made under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015
Other Operational / Legal / Strategic Disclosures
The nomination was issued by S Raja Babu, Company Secretary (FCS-13016) of Rashtriya Ispat Nigam Limited, with approval of the Competent Authority. The communication was copied to CMD of RINL, Director (Commercial) of RINL & MD of OMDC, and RINL Division of Ministry of Steel, New Delhi.