Govt may open ONGC top post to military officers

The authorities is contemplating formally opening chief government positions in its blue-chip firms to senior armed power officers, beginning with state-run vitality behemoth Oil and Natural Gas Corporation (ONGC), whilst public sector companies are planning to offer preferential employment alternatives to “Agniveers” in junior positions on finishing their four-year tour of obligation, two folks conscious of the event stated.

The authorities has initiated the method to nominate a md & managing director (CMD) at ONGC by a search cum choice committee (SCSC) shaped in February this 12 months. The panel has been particularly directed to “consider central government officers, including those of the armed forces of the Union and the all-India Services” for the put up, the officers cited above stated quoting from an official doc.

“Meanwhile, the petroleum ministry has also made some changes in eligibility conditions for the position of CMD, ONGC, and has sought a formal approval from the competent authority,” one of many folks stated, asking to not be named.

SCSC is headed by the chairperson of Public Enterprises Selection Board (PSEB) Mallika Srinivasan, with the petroleum secretary, Pankaj Jain, as a member. The place, which fell vacant final 12 months, couldn’t be crammed as PSEB, after conducting interview of a number of candidates couldn’t discover them appropriate for the put up. Hence, the federal government determined to kind SCSC, the primary official stated.

The high put up in ONGC has been vacant since April 1, 2021 and consultants have urged the federal government to not drag its ft over appointing a chief for this strategically essential firm.

The petroleum ministry, the division of personnel and coaching (DoPT), and PSEB didn’t reply to an e-mail looking for feedback. Two former senior executives at ONGC, who requested to not be named, stated that is the primary time the federal government has explicitly talked about officers from the armed forces as eligible candidates for the CMD place.

“Although in the past, the Indira Gandhi government recruited Colonel Satya Pal Wahi as ONGC chairman in 1981, he had come to the organisation after spending over a decade in several corporate enterprises, such as the Bokaro Steel Plant, Bharat Heavy Electronics Ltd (BHEL), and Cement Corporation of India (CCI) as chairman,” one of many executives stated.

Apart from the transfer to make the highest ONGC place open to navy officers, the oil ministry additionally plans to lift the age restrict for making use of for the job to 60 years from 57 years for exterior candidates, and 58 years for inside candidates. This can even make a number of lately retired ONGC administrators eligible. The authorities is, nonetheless, contemplating to cut back tenure of CMD from 5 years to 3 years, the second folks cited within the first occasion stated on situation of anonymity.

ONGC is the biggest ‘Maharatna’ firm, which ranked 243 globally in fortune 500 firms final 12 months with a turnover in entry to 1,10,345 crore and internet revenue of over 40,300 crore in 2021-22. It has about 45,000 staff, direct and contractual. According to first individual, ONGC mannequin of recruitment could also be prolonged to different blue-chip public sector companies, if authorized by competent authority.

People conscious of the developments stated that firms managed by the central authorities could quickly be requested to offer desire to Agniveers, troopers recruited below the brand new Agnipath mannequin, on advantage in numerous junior-level positions after they full their tour of obligation.

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