New Delhi: Vivek Chandrakant Tongaonkar has been appointed as Director (Finance) of Mangalore Refinery & Petrochemicals Limited (MRPL), a PSU under the Ministry of Petroleum & Natural Gas (MoPNG). The Appointments Committee of the Cabinet (ACC) has approved the appointment of Tongaonkar for the post of Director (Finance) in MRPL on Friday.

According to an order issued from the Department of Personnel & Training (DoPT) on April 28, Tongaonkar has been appointed to the post for a period of five years with effect from the date of his assumption of charge of the post, or till the date of his superannuation, or until further orders, whichever is the earlier. Presently, he is serving as Executive Director of Oil & Natural Gas Corporation Limited (ONGC).

Earlier, PSU Watch had reported when Tongaonkar was recommended for the post of Director (Finance) of MRPL from a list of eight candidates, who were interviewed by the PESB panel in its selection meeting held on January 25.

As Director (Finance) of MRPL, Tongaonkar will be a member of the Board of Directors and will report to the Managing Director (CMD). He is overall in charge of the finance and accounts of the organisation and will be responsible for evolving and formulating policies related to finance and accounts as well as implementation.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Telegram & Twitter as well. Join PSU Watch Channel in your Telegram and follow us on Twitter to stay updated)