BPCL’s former chairman Arun Kumar Singh is likely to be the new chairman of India’s top oil and gas producer ONGC according to PTI sources
He retired from BPCL after attaining the superannuation age last month and was already selected to head the Petroleum and Natural Gas Regulatory Board (PNGRB) before the August 27 interviews.
The will be first time that a person aged over 60 will be heading a top PSU board-level position.
Big name in Oil refining market, Singh was chosen by a search-cum-selection committee, constituted by the oil ministry. They zeroed in on Singh after interviewing six candidates on August 27, 2022.
If his selection is approved, Singh will be heading cash-rich PSU (Public Sector Unit) for three years.
Oil and Natural Gas Corporation (ONGC) is without a regular chairman and managing director since April 2021 and the senior most director on the board has been entrusted with the additional charge. Since then, the firm has seen a record three interim heads.