Energy titan Sanjiv Singh to be IndianOil's new Chairman
Sanjiv Singh will be the new Chairman of Indian Oil Corporation Ltd, the nation's largest company.
Singh, 56, who is currently Director of Refineries at IOC, was selected for the top job after government headhunters Public Enterprise Selection Board (PESB) interviewed eight candidates.
Besides Singh, PESB interviewed Oil India Director HR and Business Development Biswajit Roy and four executive directors of IOC, it said in a notice.
Singh, who has been Director of Refineries at IOC since July 1, 2014, will replace B Ashok on his superannuation at end of May 2017. He will have three-year tenure at the helms of India's largest oil refining and marketing commpany. IOC is also the nation's biggest company by revenue.
Singh served as an Executive Director of Paradip Refinery Project as well as head of IOC's Panipat Refinery before becoming a director.
A Chemical Engineer from IIT-Roorkee, Singh joined IOC in December 1981 as Trainee Engineer and has worked in various positions at Mathura, Barauni and Panipat refineries of the company.
PESB recommendation will now go to the administrative ministry, ie the Ministry of Petroleum and Natural Gas which will after receiving vigilance clearance send the proposal to the Appointments Committee of the Cabinet headed by Prime Miniter Narendra Modi for approval.
Earlier, Indian Oil Corporation had transported 10 tankers of fuel from Assam to Tripura through Bangladesh for the second time in a month to avoid the dilapidated NH-44 in Barak Valley.
Indian Oil-AOD, the company's North East division, will move LPG from its North Guwahati bottling plant to Bishalgarh unit in Tripura in a convoy through Bangladesh.
"This is the second convoy of fuel we are moving to Tripura through Bangladesh. In this convoy, we will transport exclusively LPG in 10 tankers," IOC Executive Director (IndianOil-AOD) Dipankar Ray said here.
This consignment will be followed by another convoy next week, he added. On September 9, IOC transported nine tank trucks carrying 1,08,000 litres of diesel and kerosene and one LPG truck from its Guwahati depot to Tripura via Bangladesh.
The transportation agreement with Bangladesh is valid till this month. "This option of sending tankers via Bangladesh started to overcome fuel shortage in Tripura. The crisis is receding now. Regarding renewal of contract, we will take a decision by the end of this month or first week of October," Ray said.
During May-June, Tripura had faced unprecedented fuel crisis as supply was badly hit due to pathetic condition of NH-44 at Barak Valley in Assam and thousands of tankers were stranded on roads for weeks.