Prasanna Kumar Acharya Assumes Charge as CMD of NLC India Limited

Dr. Prasanna Kumar Acharya assumed charge as the Chairman cum Managing Director (CMD) of NLC India Limited on September 17 at the Company’s Corporate Office, Neyveli. Dr. Acharya has nearly three decades of rich and diverse experience across leading Indian organisations in the Power, Mining, and Infrastructure sectors. Prior to assuming charge as CMD, he served as Director (Finance) of NLC India Limited and has held key positions in organisations including GRIDCO, NTPC, and Tata Power.

Dr. Acharya is a Fellow Member of the Institute of Cost and Management Accountants of India and an Associate Member of the Institute of Company Secretaries of India. He holds a Ph.D. from Utkal University, Odisha, and has also undergone a Management Development Programme in Strategic Finance at IIM Lucknow.

His professional journey encompasses diverse domains, including Power Generation, Transmission, Distribution, and Mining, as well as Metro Rail infrastructure. He made significant contributions to major infrastructure initiatives, including the Phase-II Project of Chennai Metro Rail Limited (CMRL), a project with an estimated value of over Rs 63,000 crore.

During his tenure at NLCIL, Dr. Acharya has led several initiatives in digital transformation and governance reforms, including ERP modernisation, centralisation of various Finance functions, adoption of AI-enabled systems, and introduction of a Vendor Invoice Management System. His strategic leadership has also contributed to securing critical Government approvals and advancing initiatives relating to the acquisition of coal and critical mineral blocks and renewable energy projects.

He has played a key role in steering joint ventures with various State utilities and in supporting NLCIL’s ambitious growth roadmap, which envisages achieving more than 20 GW of power generation capacity and over 100 MTPA of mining capacity by 2030.

With his extensive experience across diverse sectors, coupled with his broad vision and strategic acumen, Dr. Acharya is poised to lead NLC India Limited through its next phase of growth and nationwide expansion.

Dr. Acharya is a native of Kendrapara, Odisha, and the eldest son of Dr. Surendranath Acharya and Jyotshnarani Acharya. On the personal front, he is supported by his wife and two children, both of whom are pursuing their studies.