JS(IC & GP), MoP&NG visits ONGC Videsh

JS(IC & GP), MoP&NG visits ONGC Videsh Mr Ashutosh Jindal, IAS, Joint Secretary (IC & GP), MoP&NG and Government Nominee Director, ONGC Videsh recently visited the company’s office on April 4, 2015. The visit was aimed to provide Mr Jindal with the overview and in-depth insights on governance practices, business processes, operations and future plans of ONGC Videsh. At the outset, Mr Narendra K Verma, MD, ONGC Videsh welcomed Mr Ashutosh Jindal with a floral bouquet in presence of the Executive Committee and senior officers of the company.

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Mr Ashutosh Jindal, JS (IC&GP) at the centre, flanked (on the left) by Mr Narendra K Verma, MD, ONGC Videsh, Mr S P Garg, Director (Finance) and (on the right) Dr Anil Bhandari, Director (Exploration).

A brief presentation was made covering ONGC Videsh’s history, empowerment, composition of Board & Board Committees, global foot-print, growth in terms of production, reserves, financials, process of acquisitions of overseas assets etc.

The interactions were quite elaborate, where business requirements and challenges of ONGC Videsh were acknowledged and appreciated. Mr Jindal suggested the way forward to address challenges of ONGC Videsh with respect to empowerment, filling vacancy of Independent Director(s), approach towards acquisitions of E&P assets and concentrated efforts on certain focus countries. Mr Ashutosh Jindal, IAS, Joint Secretary (IC & GP), MoP&NG has joined the ONGC Videsh Board as a Government Nominee on 24th February, 2015. He is also a Member of the Project Appraisal, HSE & Risk Management Committee of the Company. The interactions concluded with an expression of gratitude to Mr Jindal for his insights and appreciation of issues related to ONGC Videsh.

 

CC, ONGC Videsh

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