Ranjit Rath has taken over as the Chairman and Managing Director (CMD) of state-run Oil India Ltd (OIL). He replaces Sushil Chandra Mishra who retired on 30 June. The newly appointed OIL CMD has so far been associated with diverse roles spanning from strategy formulation, business development and upstream asset management to the application of geosciences and exploration geology in several important projects including the creation of strategic petroleum reserves (SPR).
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The appointment of the new CMD comes at a crucial time as the company is diversifying into renewable energy businesses along with other energy majors. For the financial year 2021-22, Oil India had reported its highest ever net profit of Rs 3,887.31 crores, rising by 123.20% from the profit of Rs 1,741.59 crores of the previous fiscal.
Important Takeaways for All Competitive Exams:
On May 3rd, the global community will come together to observe World Press Freedom Day,…
Silk, often hailed as the queen of textiles, holds a significant place in India's cultural…
World Tuna Day, observed annually on May 2nd, is dedicated to raising awareness about the…
The Ministry of Corporate Affairs (MCA) has granted its approval for the appointment of Hitesh…
India, renowned for its rich tapestry of natural landscapes and cultural heritage, is home to…
Paul Auster, the renowned American novelist and filmmaker, has passed away at the age of…