ONGC without a chairman as Subhash Kumar retires
ONGC, India’s most valuable public sector firm by market capitalisation, on Saturday became a company with no chairman and managing director after incumbent Subhash Kumar superannuated and the government did not immediately name his replacement.
Kumar, who was director-finance of ONGC and has been since April last year holding the additional charge of chairman and managing director, superannuated on December 31, 2021, Oil and Natural Gas Corporation (ONGC) said in a stock exchange filing.
“Anurag Sharma, director (onshore), has been entrusted with an additional charge of the post of director (finance) with effect from January 1, 2022,” the company said, citing a December 28, 2021 order of the ministry of petroleum and natural gas to this effect.
But, it did not say anything about who gets charge of the chairman and managing director.
Bhola Singh on Saturday assumed charge as the chairman and managing director (CMD) of Coal India arm Northern Coalfields Ltd (NCL).
With a diversified experience of over 34 years in the coal sector, Singh was working as director (technical) in Central Coalfields (CCL), a Jharkhand-based subsidiary of Coal India Ltd (CIL), before assuming the charge of NCL’s CMD, the Singrauli-based arm said in a statement.