CURRENT AFFAIRS

Detailed explanation-1: -Accordingly, Singh is designated as Chairman and CEO of the company,” ONGC said in a stock exchange filing. Singh has been appointed for three-year tenure with effect from the date of his assumption of charge of the post, according to a DoPT order. He took charge on December 7, 2022.

Detailed explanation-2: -Arun Kumar Singh, former chairman of oil refining and marketing company BPCL, was on Wednesday appointed chairman and managing director of ONGC - the first instance of a retired person being appointed the head of a maharatna PSU.

Detailed explanation-3: -Arun Kumar Singh was appointed chairman of India’s largest oil and gas producer ONGC, the retired BPCL head is also the CEO of the company now, according to a stock exchange filing.

Detailed explanation-4: -In the first occasion, a retired individual was appointed the head of a Maharatna PSU when Arun Kumar Singh, the former Chairman of the oil refining and marketing business BPCL, was named Chairman and Managing Director of ONGC.

Detailed explanation-5: -In the first instance of a retired official being brought back to head a public sector utility in the oil and gas sector, ex-Chairman of Bharat Petroleum Corporation Limited (BPCL), Arun Kumar Singh, has been appointed Chairman and Managing Director of the Oil and Natural Gas Corporation (ONGC) for three years.