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ONGC Chairman Selection Shifted to Search-Cum-Selection Route as Eligibility Criteria Expands

Newsmantra — Fri, 03 Jul 2026 06:28:18 +0000

NEW DELHI. The competent authority has introduced significant amendments to the selection process for the position of Chairman at the Oil and Natural Gas Corporation (ONGC). Under the newly revised framework, the selection will now be officially conducted through the Search-Cum-Selection-Committee (SCSC) route rather than the conventional method. This strategic shift in the recruitment process is designed to broaden the talent pool and streamline the appointment for the top leadership role at India’s flagship energy major.

In tandem with the procedural changes, crucial updates have been made to the required educational qualifications specified in the official job description. The criteria have now been expanded to include individuals holding a ‘Post Graduate’ degree, alongside the existing provisions for first-class graduates in Engineering, Chartered Accountancy, or Cost Accountancy, as well as graduates with a full-time MBA or PGDIM from leading institutions. To accommodate these new changes and allow eligible candidates to apply under the updated terms, the deadline for submitting applications has been extended until July 22, 2026.

Government Relaxes Eligibility Criteria in Hunt for New ONGC Chairman

Newsmantra — Thu, 02 Jul 2026 08:04:01 +0000

NEW DELHI. Govt of India has launched its search for a new Chairman and Managing Director (CMD) for Oil and Natural Gas Corporation (ONGC), introducing an overhauled eligibility framework aimed at attracting senior talent and ensuring leadership stability at the state-run energy giant.

In a significant departure from conventional public sector enterprise (PSE) guidelines, the govt has implemented three critical structural shifts:

Age Limit Extension: The maximum age limit for external applicants has been raised to 59 years at the time of application, widening the talent pool to include highly experienced industry veterans.

Abolition of Superannuation Cap: The strict retirement age of 60 for the position has been relaxed. The selected candidate will no longer be forced to step down automatically upon turning 60 during their term.

Fixed Tenure Structure: To guarantee management continuity, the government is introducing a fixed three-year tenure. This term is extendable by an additional two years subject to a performance review, potentially allowing a five-year leadership run regardless of the candidate’s age.

Knowledgeable source said , top PSE posts often saw short leadership stints because executives were appointed close to their retirement age of 60. By guaranteeing a three-to-five-year window and pushing the age ceiling to 59, the government aims to give the next ONGC chief enough runway to execute long-term exploration and production strategies.

The search comes at a crucial time as ONGC looks to reverse aging production fields and accelerate its deepwater exploration initiatives. The Search-cum-Selection Committee (SCSC) is expected to consider both internal public sector candidates and high-ranking private sector executives.

Shri Anupam Agarwal Assumes Charge as Director Finance of ONGC

Newsmantra — Thu, 04 Jun 2026 06:27:23 +0000

NEW DELHI. Shri Anupam Agarwal has officially taken charge as Director (Finance) of Oil and Natural Gas Corporation (ONGC) Limited. Bringing over 35 years of distinguished experience in finance and commercial management within the oil and gas sector, Shri Agarwal adds deep financial expertise, strategic vision, and global leadership to the ONGC Board.

Prior to this prestigious appointment, he served as Director (Finance) at ONGC Videsh Limited, where he played a pivotal role in strengthening financial governance, enhancing treasury operations, and driving global growth ambitions. Recognized for his excellence, integrity, and innovation, Shri Agarwal is a recipient of the prestigious ASSOCHAM Best CFO Gold Award 2025 and the ICMAI Outstanding Performer Award 2024.

ONGC Director (Production) Shri Pankaj Kumar Honoured as Bharat Fire Safety Leader of the Year

Newsmantra — Fri, 31 Oct 2025 06:26:01 +0000

Shri Pankaj Kumar, Director (Production), Oil and Natural Gas Corporation (ONGC), was conferred with the Bharat Fire Safety Leader of the Year – Oil & Gas (Upstream) award on October 30, 2025. The recognition celebrates his exemplary leadership and commitment to advancing fire safety standards and fostering a culture of resilience across India’s energy sector.

Themed *“Building Resilience: Fire Safety Strategies for a Changing Nation,”* the Bharat Fire Safety Congress emphasized that fire safety is not merely about emergency response but about building enduring systems of preparedness and resilience — a vision exemplified by Shri Kumar’s proactive initiatives and leadership within ONGC.

ONGC Signs Mega Pact with Indian Oil Corporation for Petrochemicals

Newsmantra — Fri, 16 Jun 2023 05:57:12 +0000

Oil and Natural Gas Corporation (ONGC) and IOC “signed a memorandum of understanding (MoU) to explore downstream opportunities, especially in petrochemicals, both greenfield projects and through acquisitions,” ONGC said in a tweet.

ONGC, which produces two-thirds of the nation’s oil that is refined into fuels like petrol and diesel and more than half of gas that is used to make fertilizers and turned into CNG, already has two downstream petrochemical plants through subsidiaries.