New Delhi, July 2, 2024 – Oil and Natural Gas Corporation (ONGC) has appointed Vivek Chandrakant Tongaonkar as its new Director (Finance), effective immediately.
*A Seasoned Professional* Tongaonkar brings over 37 years of experience in the energy industry, with a proven track record in financial and managerial leadership. His expertise includes transforming financial strategies, enhancing financial health, and improving market standing. *Previous Roles* Before joining ONGC, Tongaonkar served as Director (Finance) & CFO at Mangalore Refinery & Petrochemicals Limited (MRPL), where he achieved significant milestones, including: – Preemptive repayment of high-interest term loans – Deleveraging and improving debt-equity ratio – Proactive engagement with investors, resulting in a 477% increase in market capitalization *Leadership and Expertise* Tongaonkar has also held various leadership positions within the ONGC Group, including Executive Director – Chief Corporate Finance and CFO. His strategic initiatives have resulted in substantial cost savings and ensured continuity of finance operations during the COVID-19 pandemic. *Looking Ahead* ONGC is poised for continued growth and success under Tongaonkar’s leadership, driving financial excellence and contributing to the organization’s continued growth and success.ONGC Announces New Director (Finance)
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Appointments News
Shri Vivek Nishant Nath Takes Charge as Director (Commercial) of NMDC Limited – Poised for a New Chapter
GAIL Boosts Leadership with S.K. Sinha as Finance Head
Gupta’s Appointment Marks New Phase for EIL
Indraprastha Gas Welcomes MD Kumar Shanker
Ashu Shinghal begins as CEO of GAIL Gas Limited, bringing extensive experience from the hydrocarbon sector