Another 14 in race to be next Oil India chairman

Vol 11, PW 19 (07 Feb 08) People & Policy

Fourteen additional candidates have joined the original eight (reported in our last issue) contenders competing to become the next chairman of Oil India to replace MR Pasrija who steps down at the end of the year.

PETROWATCH learns that by February 5, the Public Enterprises Selection Board (PESB) had received 14 more CVs from interested candidates taking the total number of applicants to 22. This report learns the PESB is yet to fix a date for the interviews.

“No date has been fixed,â€‌ reports a well-placed source. “But most likely it will be in March.

â€‌ Among the new candidates to have submitted their CVs are: K. Natrajan, deputy general manager in the finance department at Neyveli Lignite Corporation; Kishore Rungta, director finance at Hindustan Cables; P.

Balasubramanian and RP Natekar both general managers at refiner BPCL; MK Anand, vice president in the finance department at Engineers India; R. Subramanian, general manager finance at ONGC’s subsidiary MRPL; K.

Kiriti, group general manager at the Dredging Corporation of India; SR Medhi, general manager in the finance department at BPCL subsidiary Numaligarh Refineries; and RG Rajan, chairman and managing director of Projects and Development India. Interestingly, two candidates, NK Agarwal of Oil India, and S.

Jaya Seelan, general manager in the finance and administration wing of ONGC have submitted their CVs in the â€کself sponsored’ category. This means they have sent their CVs to the PESB without endorsement from their parent company.

Three candidates with a defence background have also applied, enticed by the pomp and prestige of a PSU top job. They are: Brigadier VK Datta, Brigadier Satish Malik and Brigadier Narendra Nath.

“These guys don’t stand a chance,â€‌ dismisses a source. “But they will still be called for interview.

â€‌ As for the favourite to win, all the pundits predict it will be either NM Borah, present director operations at Oil India, or AK Hazarika, present director onshore at ONGC.