Home Business Former BPCL chairman Arun Kumar Singh appointed as ONGC chief

Former BPCL chairman Arun Kumar Singh appointed as ONGC chief

Arun Kumar Singh has headed business units and organizations like Retail and LPG in BPCL.

New Delhi:

Arun Kumar Singh, former chairman of oil refining and marketing company BPCL, was today appointed as the CMD of ONGC – the first instance of a retired person being appointed as the head of a Maharatna PSU.

“The Appointments Committee of the Cabinet (ACC) has approved the proposal of the Ministry of Petroleum and Natural Gas for the appointment of Arun Kumar Singh, former CMD, BPCL as Chairman, ONGC for a tenure of three years from the date of his appointment as the in-charge of the post. ,” said an official order.

PTI first reported the appointment of Arun Kumar Singh on 17 November. Oil and Natural Gas Corporation (ONGC) is India’s top oil and gas producer.

A mechanical engineer from the National Institute of Technology, Patna, Arun Kumar Singh was the Director (Marketing) of Bharat Petroleum Corporation Limited (BPCL) from October 2018 to September 2021, following which he was promoted as the company’s Chairman and Managing Director.

Arun Kumar Singh retired as BPCL chief in October 2022 after 13 months.

A search-cum-selection committee constituted by the oil ministry focused on Arun Kumar Singh after interviewing six candidates on 27 August.

Arun Kumar Singh was already selected as the chief of the Petroleum and Natural Gas Regulatory Board (PNGRB) ahead of the August 27 interview.

In his nearly 38 years of experience in the Oil & Gas industry, he has led business units and organizations such as Retail, LPG, Pipeline and Supply Chain Optimization in BPCL.

As per information available on BPCL’s website, he has also held the position of President (Africa and Australia) at Bharat Petro Resources Limited, a wholly owned subsidiary of BPCL, which is largely engaged in overseas oil and gas exploration.

ONGC is without a regular CMD from April 2021 and the senior-most director on the board has been assigned additional charge. Since then, the firm has seen a record three interim chiefs.

Arun Kumar Singh became eligible for the job after the oil ministry relaxed the age-related norms.

Eligibility Criteria for Board level position in PSU provides an internal candidate (applicant from within the PSU) should not be more than 58 years of age on the date of vacancy. The maximum age for outstation candidates is 57 years as on the date of vacancy.

According to the ministry’s office memorandum sent to the Department of Personnel and Training (DoPT), the ministry changed it to say that the age of any candidate should not be more than 60 years on the date of vacancy. June 17th. The vacancy originated on March 31, 2021.

This is the first instance of a retired person being appointed as the chairman of a Maharatna company.

Sources said none of the existing directors or acting chairmen of ONGC, who became eligible for the job after the ministry relaxed the eligibility criteria, were considered fit for the post.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

featured video of the day

Sensex rises over 1,150 points on improving global risk sentiment


Ashneer Grover, Madhuri Jain summoned in legal battle with BharatPe

<!-- -->Ashneer Grover resigned from BharatPe in March. (file)New Delhi: The Delhi High Court today issued summons to former BharatPe MD Ashneer Grover...

Air India’s $400 million upgrade includes premium economy area

<!-- -->Air India said it has engaged JPA Design to assist with the cabin interior design. (File)Mumbai: Full-service carrier Air India today said...

Inox GFL Group raises Rs 1,500 crore, moves towards zero net debt

<!-- -->Rs 740 crore was raised through the IPO of Inox Green Energy Services. (File)Noida: Inox GFL Group on Thursday said it has...


Please enter your comment!
Please enter your name here

Most Popular

Aditi Ashok Wins By 9 Shots In Dominating Show In Kenya, Takes Fourth LET Title | Golf News

Aditi Ashok turned in one of the most dominating performances on the Ladies European Tour with a nine-shot win at the Magical Kenya Ladies...

Bigg Boss 16: Shekhar Suman raps Priyanka Chaudhary and MC Stan, the housemates are in splits

Actor-host Shekhar Suman will be seen in Bigg Boss 16 for Weekend Ka Vaar. Colors TV shared a promo video of the upcoming...

Siddharth-Kiara Wedding: Siddharth-Kiara’s wedding date changed? Will take rounds on this day, not February 6!

Kiara Advani and Sidharth Malhotra Wedding: Many celebrities including Shahid Kapoor and Meera Rajput were seen leaving for the wedding venue. Today Siddharth...

Shaheen Shah Afridi married Shahid Afridi’s daughter, picture surfaced. News & Features Network

Pakistan fast bowler Shaheen Shah Afridi tied the knot with Ansha Afridi, daughter of former Pakistan all-rounder and captain Shahid Afridi. The marriage...

Recent Comments