DK Sarraf will stay at ONGC to the end

Vol 18, PW 17 (23 Apr 15) News in Brief

ONGC chairman DK Sarraf is set to continue in his post until September 30, 2017 when he retires, aged 60.

Some were worried Sarraf would not get his confirmation upon completion one year in the job on March 1. Oil secretary Saurabh Chandra, who steps down himself on April 30, conspicuously failed to sign off on Sarraf’s one-year probation report.

But insiders tell us the chairman needn’t worry. “Sarraf has now completed 13 months in the job,” reports a well-placed ONGC source.

“Since no objection letter has come from the DPE (Department of Public Enterprises) or the PMO to the oil ministry the formal confirmation will 'deemed approved.'" By 6pm Wednesday April 22, a well-placed source in DK Sarraf's office tells this report he had still not received the confirmation order but that it was expected shortly.

Meanwhile, in mid-April the ministry forwarded the file of ONGC incoming director finance AK Srinivasan to the PMO for signatures. Srinivasan replaces AK Banerjee.

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