Oil and Natural Gas Corporation Limited (ONGC) has revealed that its finance director, Subhash Kumar, has assumed the additional post of chairman and managing director of the company.
Oil and Natural Gas Corporation Limited (ONGC) has revealed that its finance director, Subhash Kumar, has assumed the additional post of chairman and managing director of the company.
Kumar, who succeeded Shashi Shanker, is described as an industry veteran with more than 36 years of experience in diverse activities across the exploration and production value chain. He first joined ONGC back in 1985 as a finance and accounts officer and has served in several different capacities.
Subhash Kumar assumes additional charge of the post of CMD, ONGC
Posted On: 2021-04-01 03:51:25 (Time Zone: Arizona, USA)
Director (Finance) Mr Subhash Kumar has assumed the additional charge of the post of Chairman and Managing Director (CMD) of Oil and Natural Gas Corporation Limited (ONGC) on 1 April 2021 at New Delhi vide order dated 30 March 2021 issued by the Ministry of Petroleum & Natural Gas. Mr Kumar assumed the said charge consequent upon the superannuation of Mr Shashi Shanker on 31 March 2021.
Mr Kumar is an industry veteran with over 36 years of experience in diverse activities across the Exploration & Production (E&P) value chain. He joined ONGC in 1985 as a Finance and Accounts Officer and served in different capacities. After growing up along the hierarchy in ONGC, he had a long stint at ONGC Videsh, the overseas arm of ONGC.
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NSE, ONGC stake pick drives IEX to new high
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The shares of Indian Energy Exchange (IEX) Ltd recorded fresh highs on Friday after the company entered into a strategic partnership with the National Stock Exchange of India Limited (NSE) and Oil and Natural Gas Corporation Limited (ONGC) to build gas markets.
IEX closed at ₹328.40 on the BSE, up ₹19.90 or 6.45 per cent. It hit a 52-week high of ₹349.00. It opened at ₹309.25 as against the previous close of ₹308.50.
On the NSE, it closed at ₹327.75, up ₹19.80 or 6.43 per cent. It hit a 52-week high of ₹349.00.
IEX, India’s premier Energy Exchange, on March 10 announced a strategic divestment of 26 per cent of its equity holding in the Indian Gas Exchange (IGX) to NSE through its wholly owned subsidiary NSE Investments Ltd and an additional 5 per cent equity holding to ONGC, a Maharatna Central Public Sector Undertaking.
IEX Enters into Strategic Partnership with NSE & ONGC to Build Gas Markets equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.