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Saturday, May 26, 2001

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New ONGC chairman takes charge

By Our Special Correspondent

NEW DELHI, MAY 25. Mr. Subir Raha has taken over as the Chairman- cum-Managing Director of the Oil and Natural Gas Corporation (ONGC). The earlier Chairman, Mr. B.C. Bora, retired on April 30 and the Additional Secretary, Petroleum Ministry, Mr. Naresh Narad, has been holding additional charge since then.

With 30 years experience in the oil industry, his last post was Director, Human Resource on the Board of Directors of the Indian Oil Corporation (IOC), where he had been holding concurrent charge of business development, information systems and corporate communications since June 1998. During this period, he served as Chairman, Indian Oil, Panipat Power Consortium Limited (IPPCL) and the Indian Oil Petronas Limited (IPL). He was the founder- chairman of the managing committee of Kakinada Indian Oil LNG Consortium (KIOLC).

As the IOC Director, Mr. Raha was instrumental in formulating the corporate vision. He initiated the transformation of the IOC from a refining and marketing company to an integrated and diversified oil and gas major.

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