Shashi to take charge as ONGC CMD
By Our Correspondent, 30/09/2017, New Delhi

Shashi Shanker will take charge as ONGC CMD from October 1, 2017. He will take over the reins of ONGC from Dinesh K Sarraf, who superannuates from service on September 30. Shanker is an industry veteran with over 30 years of experience in diverse E&P activities. He is a Petroleum Engineer from Indian School of Mines (ISM), Dhanbad. He also holds an MBA degree with specialisation in Finance. He has also received executive education from prestigious Indian Institute of Management, Lucknow and Indian School of Business, Hyderabad. Read This - NTPC pays total dividend of Rs. 3,941 crore for FY 2016-17 Prior to his appointment as Director (T&FS) in 2012, he has progressed through senior management roles in various work-centers including Institute of Drilling Technology, Dehradun; West Bengal Project; Assam Project and Deep Water group at Mumbai.

He was acclaimed for his performance in spearheading the deep/ultra-deep water campaign of ONGC which was christened 'Sagar Samriddhhi'. Read This - Govt raises natural gas price by 16.5% to $ 2.89 mmBtu Under his leadership, ONGC drilled the deepest deep-water well covering a water depth of 3174m, a world record. He also led the team to one of the finest Drilling performance in FY'17 when ONGC set a new record of drilling over 500 wells in 2016-17. This is the first time in 23 years that ONGC has crossed the 500-well mark. Under his guidance, the Company has led the delivery of cutting-edge IT solutions that drive growth, streamline performance and promote efficiency. He has provided much needed support for effective use of ERP and SCADA platform for real time information.

During his tenure, ONGC has conceptualized an ambitious companywide project called "DISHA" for creation of a paperless office platform, the implementation of which is now underway. Shanker is also the Director (In-charge) for ONGC Tripura Power Company (OTPC) and North East Transmission Company Ltd (NETC) besides being on the Board of ONGC Videsh. He is also the Director (In-charge) and Member of the High Powered Steering Committee for Government's flagship initiative 'Make-in-India'. His vision and dynamic attributes have helped in making numerous operational and policy initiatives and steering the company through many milestones. Shanker was the youngest director on the board of the nation's most profitable oil company when he was appointed Director (Technology and Field Services) on December 1, 2012. He was just 51 years old then. ONGC board has seven full-time directors including the Chairman and Managing Director. While Sarraf retires on September 30, Director (Finance) A K Srinivasan would retire on October 31. Director (Offshore) T K Sengupta retires on December 31, followed by Director (Onshore) V P Mahawar in February 2018 and Director (HR) D D Misra in July next year.

BJP's Sambit Patra appointed to ONGC board New Delhi: BJP's national spokesperson Sambit Patra was on Friday appointed as non-official director on the board of Oil and Natural Gas Corporation (ONGC) Ltd. The Appointments Committee of the Cabinet approved his appointment to the post for a period of three years, an order issued by Department of Personnel and Training (DoPT) said. Other BJP leaders too have been appointed to the board of central public sector undertakings. BJP leader Syed Zafar Islam was appointed as non- official independent director of Air India in May. Islam, a former investment banker, joined the BJP on April 5, 2014. Shazia Ilmi, former Aam Aadmi Party (AAP) leader, was appointed as independent director in Engineers India Ltd (EIL) in January. At present, she is the vice-president of the BJP Delhi unit. The saffron party's member from Gujarat, Asifa Khan, had also been made non-official independent director of Hindustan Petroleum Corporation Ltd (HPCL).