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.
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).
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