ONGC: Anxious DK Sarraf completes 'probation'
ONGC chairman DK Sarraf will be anxiously hoping for endorsement from oil minister Dharmendra Pradhan and oil secretary Saurabh Chandra on completion of his one-year 'probation' on March 3.
In February the oil ministry’s corporate affairs department wrote to Sarraf, 57, asking him to fill in a 'probation completion report' demanded of all PSU directors and chairmen after a year at the helm. “Appointment letters for directors and chairmen say confirmation is subject to the completion of the probation period,” confirms an ONGC source.
"All ONGC and other state-owned officers irrespective of rank must write a report after completing one year." He adds a probation report lists achievements, landmark events and milestones.
“It’s like a report card,” he adds, “and it’s assessed by the oil secretary.” Our source explains the chairman’s office will send the report to the ministry’s corporate affairs section from where it will eventually reach Chandra.
If Chandra approves the report will make its way to the Department of Public Enterprises (DPE) which sends its approval to the PMO. Next the DPE will issue a letter stating the candidate can stay on until he retires.
All this can take up to three months. If needed the ministry can also grant Sarraf a three-month extension while it assesses his report.
