Sarada Bhushan Mohanty, currently serving as a Functional Director at IREL (India) Limited, has been chosen to take over as Chairman & Managing Director of the organization. The selection was made during a PESB (Public Enterprises Selection Board) meeting held on July 4, 2025, where Mohanty emerged successful among 12 contenders. His leadership is expected to steer IREL into its next growth phase, particularly in the domain of strategic mineral development.