Sunday, May 22, 2022

MECL CMD Dr Ranjit Rath set to be next CMD of Oil India Ltd

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New Delhi: Dr Ranjit Rath is set to be the next Chairman & Managing Director (CMD) of Oil India Limited (OIL), a Maharatna PSU under the Ministry of Petroleum & Natural Gas (MoPNG). He has been recommended for the post by the Public Enterprises Selection Board (PESB) panel on Wednesday. He is currently serving as CMD of Mineral Exploration Corporation Limited (MECL), a Miniratna PSU under the Ministry of Mines.

Dr Rath has been recommended for the post of CMD of Oil India Ltd from a list of five candidates, who were interviewed by the PESB selection panel in its selection meeting held on Wednesday. Out of five candidates, three candidates were from Oil India Ltd and one each from Madras Fertilizers Ltd. and MECL

In June 2021, Dr Rath was also recommended for the BCCL's CMD post.

Dr Rath is an alumnus of IIT Bombay, IIT Kharagpur and Utkal University. Earlier in his career, he has served as the General Manager of Engineers India Limited, New Delhi and was also posted with Indian Strategic Petroleum Reserves Ltd., New Delhi, an SPV under the Ministry of Petroleum & Natural Gas. He has a strong portfolio of multifarious roles spanning from strategy formulation, business development, upstream asset management and application of geosciences & exploration geology in several important projects including the creation of Strategic Petroleum Reserves (SPRs) a ‘first of its kind initiative in India entailing underground rock caverns for strategic storage of crude oil – An intervention towards energy security.

Dr Rath is a recipient of the prestigious ‘National Geosciences Award 2016’from the President of India. He has co-authored an important book on ‘Underground Storage Technologies’ and has published several technical papers and participated in conferences in India and overseas.

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