ONGC Chair Recommended as HPCL Head
OIL & GAS

ONGC Chair Recommended as HPCL Head

A government-appointed synergy panel has recommended that the chairperson of Oil and Natural Gas Corporation (ONGC) should also serve as the chairperson of its subsidiary, Hindustan Petroleum Corporation Limited (HPCL). This move aims to strengthen leadership alignment and enhance operational synergy between the two major state-run enterprises, thereby driving efficiency and maximizing collaborative benefits across the energy sector.

The proposal underscores the government's intention to leverage the combined expertise and strategic direction of ONGC and HPCL, fostering closer integration within India’s oil and gas industry. By placing a single executive in a leadership role across both organizations, the panel anticipates improved resource management, more coordinated decision-making, and stronger alignment with national energy objectives. This recommendation comes in the wake of previous attempts to encourage synergy within government-linked entities, such as the merger of ONGC and HPCL in 2018.

If implemented, the dual-chairmanship model could facilitate streamlined processes and quicker responses to market demands, capitalizing on ONGC’s expertise in upstream exploration alongside HPCL’s downstream capabilities in refining and distribution. Additionally, the shared leadership structure may result in cost savings and a unified strategic approach, positioning the companies to better compete within the global energy market.

The Ministry of Petroleum and Natural Gas will evaluate the panel’s recommendation as part of its ongoing efforts to optimize the efficiency and operational cohesion of India’s state-run energy enterprises.

A government-appointed synergy panel has recommended that the chairperson of Oil and Natural Gas Corporation (ONGC) should also serve as the chairperson of its subsidiary, Hindustan Petroleum Corporation Limited (HPCL). This move aims to strengthen leadership alignment and enhance operational synergy between the two major state-run enterprises, thereby driving efficiency and maximizing collaborative benefits across the energy sector. The proposal underscores the government's intention to leverage the combined expertise and strategic direction of ONGC and HPCL, fostering closer integration within India’s oil and gas industry. By placing a single executive in a leadership role across both organizations, the panel anticipates improved resource management, more coordinated decision-making, and stronger alignment with national energy objectives. This recommendation comes in the wake of previous attempts to encourage synergy within government-linked entities, such as the merger of ONGC and HPCL in 2018. If implemented, the dual-chairmanship model could facilitate streamlined processes and quicker responses to market demands, capitalizing on ONGC’s expertise in upstream exploration alongside HPCL’s downstream capabilities in refining and distribution. Additionally, the shared leadership structure may result in cost savings and a unified strategic approach, positioning the companies to better compete within the global energy market. The Ministry of Petroleum and Natural Gas will evaluate the panel’s recommendation as part of its ongoing efforts to optimize the efficiency and operational cohesion of India’s state-run energy enterprises.

Next Story
Infrastructure Urban

Biomass Burning Key Culprit Behind Kolkata’s Air Toxicity: Study

Kolkata, a city marked under India’s National Clean Air Programme (NCAP), continues to grapple with hazardous air despite national efforts, due to the unchecked burning of biomass and solid waste. A new study by the Bose Institute has revealed a sharp correlation between ultrafine particulate matter (PM2.5) and rising toxicity levels, identifying waste burning as a key contributor. The research, led by Prof. Abhijit Chatterjee and his team, studied the oxidative potential (OP) of PM2.5—referring to its capacity to produce reactive oxygen species (ROS) in human lungs. These ROS can overwhe..

Next Story
Infrastructure Transport

Rail Infra Boom in Maharashtra: Rs 1.74 Trillion Push for Better Trains

In a major press interaction held in Mumbai themed “Better Infrastructure, Better Technology, Better Trains,” Maharashtra Chief Minister Devendra Fadnavis and Union Minister of Railways Ashwini Vaishnaw jointly presented a comprehensive picture of the transformation underway in Maharashtra’s railway network—particularly the high-density Mumbai Suburban Railway. Better Infrastructure Union Minister Vaishnaw emphasized the importance of infrastructure in expanding suburban services. Rail projects worth nearly Rs 170 billion (approx. USD 2 billion) covering over 300 km of new lines are ..

Next Story
Infrastructure Urban

India’s First Creative Tech Institute Coming to Mumbai

In a major push to India’s creative economy, the Union Ministry of Information & Broadcasting today signed a Memorandum of Understanding (MoU) with the Government of Maharashtra, Maharashtra Film, Stage & Cultural Development Corporation Ltd. (MFSCDCL), and the Indian Institute of Creative Technologies (IICT) for the establishment of a world-class institute dedicated to the Animation, Visual Effects, Gaming, Comics, and Extended Reality (AVGC-XR) sector. The MoU was exchanged in Mumbai between Chief Secretary of Maharashtra Ms. Sujata Saunik and Information & Broadcasting Secretary Shri San..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?