New Delhi: ONGC's Director (Finance) Subhash Kumar, who is also holding additional charge as CMD of ONGC, has been given additional charge as Chairman of Mangalore Refinery and Petrochemicals Limited (MRPL). According to an order issued by the Ministry of Petroleum and Natural Gas, Kumar has been nominated to the post of MRPL Chairman upon the superannuation of Shashi Shanker, who was holding the post.
Kumar is an alumnus of Panjab University, Chandigarh, where he obtained his Bachelor's degree and Master's degree in Commerce with a gold medal. He is a fellow member of ICMAI and also an Associate Member of ICSI. He joined ONGC in 1985 as Finance & Accounts Officer (F&AO). After initially working in Jammu and Dehradun, he had a long stint at ONGC Videsh, the overseas arm of ONGC.
During his tenure with ONGC Videsh, Kumar has been associated with key acquisitions and expansion of the company's footprint from a single asset company in 2001 into a company with a global presence in 17 countries with 37 assets. He played a key role in the evaluation and acquisition of many assets abroad by ONGC Videsh. He has been serving as Director (Finance) of ONGC since January 31, 2018. Prior to joining ONGC, he has had a brief stint with Petronet LNG Limited where he joined as Director (Finance) in August 2017.
Kumar has worked as head of business development, finance and budget and also as head treasury planning and portfolio management group at ONGC Videsh from April 2010 to March 2015. He then went on to serve as Chief Financial Officer of Mansarovar Energy Colombia Limited, a 50:50 joint venture of ONGC Videsh and Sinopec of China, from September 2006 to March 2010.
Mangalore Refinery & Petrochemicals Limited (MRPL) is an oil refinery at Mangalore and is a subsidiary of ONGC, set up in 1988. The refinery is located at Katipalla, north from the centre of Mangalore city. The refinery was established after displacing five villages of Bala, Kalavar, Kuthetoor, Katipalla, and Adyapadi. The refinery has a versatile design with high flexibility to process crudes of various API gravity and with a high degree of automation. MRPL has a design capacity to process 15 million metric tonnes per annum and is the only refinery in India to have two hydrocracker-producing premium diesel (high cetane). It also has a Polypropylene unit with a capacity of 4,40,000 MT/annum.
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