B Ashok was chosen by PESB in October last year
GN Bureau | July 17, 2014
B Ashok took over as full-time chairman of Indian Oil Corporation on Wednesday.
Ashok, 57, is the first insider to head Indian Oil since March 2005. Since then, the post was held by Sarthak Behuria, who moved from Bharat Petroleum, and R S Butola from ONGC Videsh.
Ashok has taken over R K Malhotra, who was appointed the acting chairman of the country's biggest oil refiner and retailer, after R S Butola's retirement on May 31.
The appointment of B Ashok was finalised by the government's headhunter Public Enterprises Selection Board (PESB) in October last year. But it was delayed after former PM Manmohan Singh did not sign the file, which was sent to the PMO after vigilance clearance.
This is the first major public sector appointment of the Narendra Modi’s government. The timely appointment has also ended the uncertainty over leadership at India's biggest oil refiner and retailer.
A mechanical engineer from Madras University, Ashok was an executive director (marketing) in the company. He has had stints in the lubricants and services division, general sales, Malaysia office as well as head of Karnataka and Kerala state offices.
With the commissioning of the third unit of the Prayagraj Super Thermal Power Project (PSTPP), Bharat Heavy Electricals Limited (BHEL) has successfully executed the 1,980 MW coal-based supercritical thermal power project in Uttar Pradesh. The first two units of the project
The ministry of electronics and information technology (MEITY) will set up a new body, Digital India Corporation (DIC), to execute prime minister’s ambitious Digital India programme. The corporation will subsume some of the existing agencies within the ministry including the National e-Gove
While India and China are pitted against each other in South Asia and the Southeast Asian region, and the former’s refusal to participate in Beijing held summit on One Belt One Road (OBOR) initiative was a low point in their bilateral ties, New Delhi is now preparing an initiative that will r
The existing Pragati Maidan complex is set to get a new face with its redevelopment into a world class state-of-the-art integrated exhibition-cum-convention centre (IECC). CMD, India Trade Promotion Organisation (ITPO), L C Goyal and CMD, NBCC (India) Limited, Anoop Kumar M
GAIL (India) Limited has registered 57 percent rise in profit after tax (PAT) for the 2016-17 fiscal with the PAT increasing to Rs 3,503 crore from Rs 2,226 crore in the last fiscal. The rise in profit was boosted mainly by a turnaround in the company’s petrochemical
A senior bureaucrat, apparently much respected among the administrative circles, faces two years in jail. His crime: a decision that may have come from the political leadership. HC Gupta, a former coal secretary, is among the three bureaucrats convicted b