MNVS Prabhakar Nominated as Non-Executive Chairman of OMDC
The Orissa Minerals Development Company Limited (OMDC) has announced the nomination of Shri MNVS Prabhakar as its Non-Executive Chairman. The change in leadership takes effect from May 25, 2026.The nomination comes following a letter received from Rashtriya Ispat Nigam Limited (RINL), the ultimate holding company of OMDC. Shri MNVS Prabhakar, who serves as the Chairman and Managing Director of RINL, is taking over the role from Shri Manish Raj Gupta, who previously held the post of ex-CMD (Additional charge), RINL.
Shri MNVS Prabhakar is not related to any existing director of the company.
Profile of MNVS Prabhakar
Shri MNVS Prabhakar brings extensive experience to his new role. He assumed charge as the Chairman cum Managing Director (CMD) of Rashtriya Ispat Nigam Limited (RINL) on May 12, 2026.He is described as a distinguished technocrat and seasoned steel industry leader, possessing over three decades of experience in the Indian steel sector. His career began with Steel Authority of India Limited (SAIL) in 1991, where he joined as a Management Trainee (Technical) after earning a Bachelor of Engineering in Metallurgy from VRCE, Nagpur, and later acquiring an MBA in HR & Marketing.
Shri Prabhakar’s career progression includes serving as Executive Director of NMDC Steel Limited (NSL). During his tenure at NSL, he led a significant operational and financial turnaround. His leadership efforts resulted in stabilization of plant operations near rated capacity, enhanced productivity, substantial improvements in techno-economic parameters, and a reduction in specific energy consumption. Furthermore, he drove digital initiatives, including RFID-enabled systems, digital gate entry, and Vehicle Tracking Systems (VTS), while also focusing on manpower rationalization and promoting environmental sustainability.
ORISSAMINE Stock Price Movement
Today, The Orissa Minerals Development Company Limited shares edged higher to close at ₹4115.8, gaining 1.46% for the session. The equity saw active trading with a total traded volume of 10,706 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.