New Delhi: The Public Enterprises Selection Board (PESB) has recommended Ramesh Kumar Gochhayat, currently serving as General Manager (Finance) at IREL (India) Limited, for the post of Director (Finance) in the same organisation. The recommendation was made after a competitive selection process involving senior finance professionals from several major Central Public Sector Enterprises (CPSEs).
PESB Interview Process Conducted on May 19, 2026
The selection was carried out during PESB Meeting No. 40/2026, held on 19 May 2026 at 02:30 PM. A total of 12 senior finance executives were interviewed for the prestigious Board-level position.
Candidates represented leading PSUs such as:
- National Aluminium Company Limited (NALCO)
- NMDC Limited
- NTPC Limited
- Nuclear Power Corporation of India Limited (NPCIL)
- RITES Limited
- Kamarajar Port Limited
- Paschim Gujarat Vij Company Limited
- IREL (India) Limited
Recommended Candidate
After detailed evaluation of experience, leadership capability, and suitability for Board-level responsibilities, PESB recommended:
Ramesh Kumar Gochhayat
General Manager (Finance), IREL (India) Limited
His name has now been forwarded for final approval by the Government of India.
Other Candidates Interviewed
The panel of candidates included senior finance professionals such as:
- Sanjaya Kumar Sahoo (NALCO)
- Shanthi P (NMDC Limited)
- Madan Mohan Mishra (NALCO)
- Ajit Kumar Swain (NALCO)
- Abhimanyu Padhi (NALCO)
- Satyabrata Bal (NALCO)
- Mulagada Nanaji Achary (NTPC Limited)
- Pramodkumar Gupta (NPCIL)
- Satya Bhusan Samanta (RITES Limited)
- Kavita Rakesh Satvi (Kamarajar Port Limited)
- Kintukumur Shashikant Malkan (Paschim Gujarat Vij Company Limited)
About the Selection Process
The PESB is responsible for selecting and recommending candidates for top management positions in CPSEs. The evaluation process focuses on:
- Financial leadership and decision-making experience
- Strategic and operational expertise
- Governance, compliance, and accountability
- Overall suitability for Board-level leadership roles
The final appointment is made after approval by the competent authority in the Government of India.
Role of Director (Finance) at IREL
The Director (Finance) at IREL (India) Limited plays a key role in overseeing the company’s financial strategy, investment planning, budgeting, and governance. The position is critical for ensuring strong financial discipline and supporting long-term growth in India’s strategic minerals and rare earth sector.
About IREL (India) Limited
IREL (India) Limited is a Government of India enterprise under the Department of Atomic Energy. It is engaged in the mining and processing of rare earths and mineral sands, playing a vital role in supplying strategic materials essential for nuclear energy, defence applications, and advanced technology industries.
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