PSU Watch logo

| NRL inks pipeline ‘Right to Use’ sharing agreement with IGGL |   | To avert coal, power crisis in future, India mulls strategic coal & gas reserves |   | India's Foreign Exchange Reserves rises $1.49 Billion to touch $641 Billion |   | Cost of energy should not outstrip paying capacity of consuming nations: Hardeep Singh Puri |   | India successfully flight-tests High-Speed Expendable Aerial Target drone 'Abhyas' |   | States asked to align emission reduction targets with Centre, form BEE-like institutions |  

Harish Madhav takes charge as OIL Director (Finance)

Madhav was involved in the Oil India Limited’s listing on the International securities market of London Stock Exchange
New Delhi: Harish Madhav assumed charge as Director (Finance) at state-run Oil India Limited (OIL) with effect from August 2. Madhav was previously serving as Executive Director (Finance) at OIL’s corporate office and was also functioning as the Chief Financial Officer handling financial and accounting functions covering international fund raising, treasury management, corporate strategy, risk management and budgeting. He took the baton from Rupshikha Saikia Borah who superannuated in February.

Madhav’s background

Before joining OIL, Madhav worked with Hindustan Petroleum Corporation Ltd. He is a Chartered Accountant by qualification and has over 30 years of experience in the oil and gas sector. “Madhav’s tenure in various capacities during the last decade witnessed major events at OIL and included successful raising of foreign currency borrowing of over $4.5 billion in the form of syndicated loans and bonds,” an official statement said. He was also involved in the company’s listing on the International securities market of London Stock Exchange (LSE).