The Orissa Minerals Development Company Limited has informed the Exchange regarding 'Appointment of Managing Director'.
ORISSAMINE · price
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The Orissa Minerals Development Company Limited (OMDC) has appointed Shri GVN Prasad as its new Managing Director, replacing Shri Vasudha Chandra Suratkal whose one-year tenure ended on 21.02.2026. Shri GVN Prasad currently serves as Director (Commercial) at RINL (Rashtriya Ispat Nigam Limited) and has been given the additional charge of MD and Director (Production & Planning) at OMDC. The appointment, made by the Ministry of Steel, Government of India, is effective from 22.02.2026 for a period of one year or until further orders. Shri GVN Prasad is a Metallurgical Engineer with over three decades of experience at RINL in marketing and commercial roles, and is an alumnus of IIM Kozhikode.
This is a routine government-driven leadership change with no immediate operational disruption expected. Since the new MD is an additional-charge appointee from the parent ministry's pool, shareholders should note that OMDC continues to be managed by government-appointed officials and long-term strategic direction depends on further orders from the Ministry of Steel.