Sarada Bhushan Mohanty to Be Next CMD of IREL (India) Limited

New Delhi. Shri Sarada Bhushan Mohanty, who is currently the Director of Finance at IREL (India) Limited, has been chosen as the Chairman and Managing Director of the company. This decision was made during the 57th meeting of the Public Enterprises Selection Board, which took place on July 4, 2025, at 3:30 PM.

The selection came after a thorough interview process with 12 candidates from various public sector undertakings and government departments. The candidates included senior executives from NMDC, MOIL, NLC India, Cement Corporation of India, Hindustan Organic Chemicals, and Indian Railways.

Shri Mohanty’s promotion shows his strong financial skills and long-term contributions to IREL’s growth. His appointment still needs final approval from the Appointments Committee of the Cabinet.

IREL (India) Limited is a Schedule B CPSE under the Department of Atomic Energy. It plays an important role in India’s rare earth and mineral sector.