India’s top rare-earths producer IREL is headless amid mounting supply risks from China

India’s state-owned rare earths producer, IREL (India) Ltd, has been operating without a full-time chairperson and managing director since December 2024, despite the strategic importance of these minerals and a global supply crunch post-China’s export restrictions.

This leadership gap not only signals weak succession planning but also reflects systemic delays in appointing top management in public sector enterprises. Our Founder and MD, Mr Shriram Subramanian, highlighted that "Indian public sector enterprises are tardy when it comes to filling director and KMP (key managerial personnel) roles as they wait for approval disruption from their parent ministries"

He also mentioned that “This needs to be resolved by a directive from the Prime Minister’s Office to all ministries as it sends a wrong signal that the PSEs don’t have planned succession planning and is a disservice to the companies and their investors.”

Read the full article here: https://www.livemint.com/news/leading-rare-earths-producer-irel-has-no-full-time-chairperson-during-supply-crisis-pmo-miniratna-firm-china-nehru-japan-11750078130160.html

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