Utpal Bora takes charge of Oil India

Bora is the first full-time chairman of OIL in more than a year

GN Bureau | July 19, 2016


#OIL   #Utpal Bora   #PESB  

 Utpal Bora on Monday took charge as the chairman and managing director of Oil India Limited, the country's second-biggest state-owned oil and gas explorer.

 Bora, who was executive director at Oil and Natural Gas Corporation (ONGC), is the first full-time chairman of OIL in more than a year.
 There were three failed attempts to find a suitable person by the government headhunter Public Enterprise Selection Board (PESB). Later a search-cum-selection committee, which was headed by cabinet secretary P K Sinha, was given the task. Bora was selected from among more than half a dozen candidates interviewed by the panel. 
 
After SK Srivastava's retirement, the oil ministry named senior bureaucrat UP Singh as the acting CMD of OIL. Singh was transferred to the water resources ministry a few weeks ago after which Ajay Prakash Sawhney, additional secretary with the petroleum ministry was given the additional charge of the company.
 

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