Ranjith Rath appointed as Chairman -; MD of Oil India

4 Aug 2022 , 09:17 AM

Oil India Limited announced that Ranjit Rath will take over as the Chairman & Managing Director of the company on August 2, 2022.

Ranjit Rath, a geoscientist with impeccable experience and expertise of more than 25 years in the field of geosciences, served as the Chairman cum Managing Director of Mineral Exploration & Consultancy Limited under the Ministry of Mines; Chief Executive Officer of Khanij Bidesh India Limited; Managing Director of Bharat Gold Mines Limited and also held other positions prior to joining CMD position at OIL.

Rath has a diverse portfolio of roles ranging from strategy formulation, business development, and upstream asset management to the application of geosciences and exploration geology in several important projects, such as the creation of Strategic Petroleum Reserves (SPRs), a first-of-its-kind initiative of the Government of India entailing underground rock caverns for strategic storage of crude oil – an intervention towards Energy Security.

At around 9.19 AM, Oil India was trading at Rs189.50 up by 0.05% from its previous closing of Rs189.40 on the BSE.