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Govt has appointed 3 independent directors on ONGC board

The government has assigned ex-IFS Ajai Malhotra and two others as non-official part-time directors on the board of ONGC, the biggest oil and gas producer of nation.

ONGC(Oil and Natural Gas Corp) said in a regulatory filing that Ministry of Petroleum and Natural Gas vide letter dated November 20, 2015 has appointed Ajai Malhotra ex-IFS, IIT-Bombay Professor Shireesh Balwant Kedare and Chennai-based chartered accountant K M Padmanabhan as independent directors on the company board.

It further said that the appointment will be  for a period of three years from the date of the notification i.e. November 20, 2015 or until further orders whichever is earlier.

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