NEW DELHI : Arun Kumar Singh, former chairman of oil refining and advertising and marketing firm BPCL, is appointed chairman and managing director of ONGC by the Search-cum-Choice Committee (SCSC) of the Authorities of India.
He’ll head the corporate for a three-year tenure with impact from the date of assumption of cost.
A mechanical engineer from Nationwide Institute of Expertise, Patna, Singh was Director (Advertising) of Bharat Petroleum Company Ltd (BPCL) from October 2018 to September 2021, after which he was elevated as chairman and managing director of the corporate.
He retired because the BPCL head 13 months later in October 2022. In his practically 38 years of expertise in oil and gasoline business, Singh has headed enterprise models and entities in BPCL similar to retail, LPG, pipelines and provide chain optimization.
The ONGC Board was additionally restructured and accredited by the SCSC within the context of rising developments within the power sector and nationwide power priorities.
“The medium- and long-term strategic targets of ONGC require it to ship in respect of enhanced manufacturing, elevated exploration with an emphasis on expertise and tempo of implementation, partnerships with reputed sectoral corporations to leverage greatest in school expertise, environment friendly and engaged administration of JVs, partnerships and subsidiaries, efficient capital allocation, portfolio evaluate, administration and enlargement of abroad belongings and growth of a management pipeline,” ONGC stated.
The revamped Board of Administrators is anticipated to play a pivotal function in these duties and work in the direction of realizing synergies and making certain enhanced collaboration throughout the group and in addition with related exterior stakeholders.
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Supply: Live Mint