ONGC CMD Di­nesh K Sar­raf nom­i­nated to gov­ern­ing body of CSIR

Power Watch India - - SWITCH GEAR -

The Prime Min­is­ter, in his ca­pac­ity as ex-of­fi­cio Pres­i­dent of CSIR, has nom­i­nated ONGC Chair­man and Man­ag­ing Di­rec­tor (CMD) Di­nesh K Sar­raf as mem­ber of the pres­ti­gious gov­ern­ing body of Coun­cil of Sci­en­tific and In­dus­trial Re­search (CSIR). Sar­raf has been nom­i­nated to the gov­ern­ing body of CSIR for a pe­riod of three years. The gov­ern­ing body is the apex body of CSIR for all de­ci­sion mak­ing pro­cesses. CSIR is a lead­ing sci­en­tific R&D or­gan­i­sa­tion set-up with a man­date to pro­mote guide and co­or­di­nate sci­en­tific and in­dus­trial re­search in the coun­try with its 38 R&D lab­o­ra­to­ries and in­sti­tutes. Emi­nent and learned per­son­al­i­ties from var­i­ous fields are nom­i­nated to the gov­ern­ing body as mem­bers.

Di­nesh K Sar­raf, 59, is Chair­man and Man­ag­ing Di­rec­tor of Oil and Nat­u­ral Gas Cor­po­ra­tion Ltd (ONGC), In­dia’s most valu­able Ma­haratna public sec­tor en­ter­prise. Sar­raf is also the Chair­man of ONGC Videsh Ltd, op­er­at­ing across 17 coun­tries, Chair­man of Man­ga­lore Re­fin­ery and Petro­chem­i­cals Ltd (MRPL) and four other ONGC group com­pa­nies (OPaLONGC Petro-ad­di­tions Ltd, OMPL – ONGC Man­ga­lore Petro­chem­i­cals Ltd, MSEZ- Man­ga­lore SEZ Ltd, and OTPCONGC Tripura Power Com­pany Ltd).

He grad­u­ated in Com­merce from Shri Ram Col­lege of Com­merce of Delhi Univer­sity and did his post-grad­u­a­tion from the same Univer­sity. He is an as­so­ciate mem­ber of the In­sti­tute of Cost and Works Ac­coun­tants of In­dia and the In­sti­tute of Com­pany Sec­re­taries of In­dia.

He has ex­pe­ri­ence of over three and half decades in the oil and gas in­dus­try, hav­ing started his oil and gas ca­reer in Oil In­dia Ltd. He joined ONGC in 1991 and han­dled var­i­ous key as­sign­ments at cor­po­rate of­fices. He was el­e­vated to the post of Di­rec­tor (Finance) in ONGC Videsh in 2005 where he served till 2007. Dur­ing this pe­riod, ONGC Videsh made sig­nif­i­cant acquisitions in Syria, Brazil, Colom­bia, Venezuela, Cuba, Egypt and Myan­mar. In De­cem­ber 2007 he re­joined ONGC as Di­rec­tor (Finance). In 2011, he went back to ONGC Videsh as­sum­ing the charge of Man­ag­ing Di­rec­tor. As MD he trans­formed ONGC Videsh into an ag­gres­sive growth en­gine for ONGC Group by clinch­ing many high value deals within a short span of time. He was in­stru­men­tal in sev­eral oil and gas acquisitions in Mozam­bique, Brazil and Azer­bai­jan by ONGC Videsh to en­sure en­ergy se­cu­rity for the coun­try.

In March 2014, he re­joined ONGC as its Chair­man and Man­ag­ing Di­rec­tor. As CMD, ONGC he has been fo­cussing pri­mar­ily on aug­men­ta­tion of pro­duc­tion of oil and gas from do­mes­tic as­sets. He is the driv­ing force of ex­tra­or­di­nary growth of com­pany and strate­gic ap­proach to oil and gas ex­plo­ration and pro­duc­tion. In the present en­vi­ron­ment when global oil and gas prices have plum­meted, ONGC un­der his lead­er­ship is strongly em­pha­sis­ing on adop­tion of the best op­er­a­tional and cost prac­tices and ap­pro­pri­ate oil and gas tech­nolo­gies, for re­al­i­sa­tion of greater op­er­a­tional ef­fi­cien­cies. Un­der his lead­er­ship ONGC has made the big­gest-ever fi­nan­cial de­ci­sion in its history, un­veil­ing an in­vest­ment of more than $5 bil­lion in the east coast oil and gas as­set to en­hance oil and gas pro­duc­tion sig­nif­i­cantly.

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