ONGC appoints Subhash Kumar as acting chairman

05 Apr 2021 Editorial Team

Oil and Natural Gas Corporation's (ONGC) Director (Finance) Subhash Kumar has assumed additional charge as Chairman and Managing Director of the company.

An order on the matter was issued by the Ministry of Petroleum and Natural Gas on 30 March 2021.

Kumar has over 36 years of experience across the exploration and production value chain. He first joined ONGC in 1985 and has had stints in ONGC Videsh, the overseas acquisition arm and India's largest LNG importer.

A fellow member of the Institute of Cost Accountants of India and Associate Member of ICSI, Kumar is a gold medalist of Panjab University, Chandigarh. He did his bachelor's and master's degrees in commerce.

ONGC told the media that Kumar has worked as Head of Business Development, Finance and Budget and also as Head Treasury Planning and Portfolio Management Group at ONGC Videsh between April 2010 to March 2015.

He was also the Chief Financial Officer of Mansarovar Energy Colombia Limited, a 50-50 joint venture of ONGC Videsh and Sinopec of China, between September 2006 to March 2010.

Kumar had joined ONGC back as the Chief Commercial and Head Treasury in July 2016. He also served briefly with Petronet LNG Limited as its Director (Finance) in 2017.

He is a fellow member of the Institute of Cost Accountants of India and an associate member of ICSI.

Image Source

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..