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New Chairman and MD at ONGC

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. ....

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Subhash Kumar takes additional charge as ONGC CMD

Oil and Natural Gas Corporation (ONGC)’s Director (Finance) Subhash Kumar assumed additional charge as Chairman and Managing Director (CMD) on Thursday. An order on the matter was issued by the Ministry of Petroleum and Natural Gas on March 30, 2021.
Kumar took charge upon the superannuation of incumbent CMD, Shashi Shanker on March 31, 2021.
He has 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, a company statement said. ....

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Subhash Kumar assumes additional charge of the post of CMD, ONGC

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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ONGC in demand after brokerage upgrade

ONGC surged 8.02% to Rs 98.95 after a global brokerage firm reportedly upgraded the stock to overweight from equal weight and raised its price target to Rs 115 from Rs 84 earlier.
As per reports, the brokerage cited higher probability of recovery in average selling prices, improved outlook on domestic production and upside in refining associates post closures.
On Thursday, Brent Crude prices crossed $50 per barrel for the first time since March 2020. The February 2020 settlement contract gained $1.39 or 2.84% to settle at $50.25 in yesterday s trading session. The contract was currently trading 5 cents higher at $50.30 a barrel.
Firm crude oil prices could increase realizations from crude sales for oil exploration firms like ONGC. ....

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