ONGC gets director to spearhead new energy, petrochem business
Oil and Natural Gas Corporation (ONGC) has got a new director to spearhead its new energy, petrochemicals and corporate strategy as part of a board revamp aimed at breathing fresh life into the state-controlled behemoth. Arunangshu Sarkar has been appointed as Director for strategy and corporate affairs, ONGC said in a stock exchange filing.
Before the elevation, Sarkar, a petroleum engineer from the Indian School of Mines, Dhanbad, was Group General Manager (Production) at ONGC. He had previously worked as General Manager (Strategy & Corporate Planning), ONGC Videsh Ltd — the overseas investment arm of ONGC.
Two years back, the board of ONGC was reorganised. Besides creating the new post of Director (Strategy & Corporate Affairs), the post of Director (Production) was created after merging Director (Onshore), who is in charge of all oil and gas fields located on land, and Director (Offshore) who looks after all offshore assets, such as the prime Mumbai High fields.
In addition to the post of Director Production and Director Strategy and Corporate Affairs, the other key directorial positions at ONGC include the exploration, finance, human resources and technical & field services divisions, with all segments reporting to ONGC Managing Director Arun Kumar Singh.
According to an office order of July 2023, the new Director (Strategy & Corporate Affairs) will be in charge of joint ventures, downstream petrochemicals, new energy (renewable, hydrogen and carbon capture), corporate strategy, corporate marketing and
