Prasanna Kumar Acharya becomes new chief of NLC India Ltd

Prasanna Kumar Acharya assumed office as the new Chairman-cum-Managing Director of NLC India Ltd. (NLCIL) on Thursday. He was serving as the Director (Finance) of NLCIL before his elevation to the top post.

Three decades in power and mining

According to a press release, Acharya brings nearly three decades of experience in the power, mining and infrastructure sectors. He has held key positions in organisations including GRIDCO, NTPC and Tata Power. He had made significant contributions to major infrastructure initiatives, including the Phase-II project of Chennai Metro Rail Limited (CMRL).

Digital reforms and governance initiatives

During his tenure at NLCIL, Acharya had led several initiatives in digital transformation and governance reforms. These included ERP modernisation, centralisation of various finance functions, AI-enabled systems and introduction of a vendor Invoice Management System.

Role in joint ventures and growth vision

Acharya also played an important role in steering joint ventures with various State utilities and in supporting NLCIL's ambitious growth roadmap. The roadmap envisages achieving more than 20 GW of power generation capacity and over 100 MTPA of mining capacity by 2030, while progressing towards its vision of becoming a Maharatna enterprise.

Source: The Hindu