ONGC CMD Dinesh K Sarraf nominated to governing body of CSIR
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.