ONGC Chair Recommended as HPCL Head

28 Oct 2024 CW Team

A government-appointed synergy panel has recommended that the chairperson of Oil and Natural Gas Corporation (ONGC) should also serve as the chairperson of its subsidiary, Hindustan Petroleum Corporation Limited (HPCL). This move aims to strengthen leadership alignment and enhance operational synergy between the two major state-run enterprises, thereby driving efficiency and maximizing collaborative benefits across the energy sector.

The proposal underscores the government's intention to leverage the combined expertise and strategic direction of ONGC and HPCL, fostering closer integration within India’s oil and gas industry. By placing a single executive in a leadership role across both organizations, the panel anticipates improved resource management, more coordinated decision-making, and stronger alignment with national energy objectives. This recommendation comes in the wake of previous attempts to encourage synergy within government-linked entities, such as the merger of ONGC and HPCL in 2018.

If implemented, the dual-chairmanship model could facilitate streamlined processes and quicker responses to market demands, capitalizing on ONGC’s expertise in upstream exploration alongside HPCL’s downstream capabilities in refining and distribution. Additionally, the shared leadership structure may result in cost savings and a unified strategic approach, positioning the companies to better compete within the global energy market.

The Ministry of Petroleum and Natural Gas will evaluate the panel’s recommendation as part of its ongoing efforts to optimize the efficiency and operational cohesion of India’s state-run energy enterprises.

Building Material

23 Oct 2025

Tata Steel, Air Water India Ink 20-Year Deal for Jamshedpur ASU

Tata Steel has signed a 20-year agreement with Air Water India Private Limited (AWIPL) to operate and maintain its advanced Air Separation Unit (ASU) in Jamshedpur. The partnership aims to boost Tata Steel’s industrial gas infrastructure and improve efficiency through the use of cutting-edge cryogenic technologies. The agreement was signed between Peeyush Gupta, Vice President (TQM, GSP & SC), Tata Steel, and Kausik Mukhopadhyay, Managing Director, AWIPL. Under the contract, AWIPL will manage operations of the ASU, which can produce 1,800 tonnes of oxygen per day, along with nitrogen, argon..

PM Modi Inaugurates and Lays Foundation for Projects in Andhra Pradesh

Prime Minister Narendra Modi inaugurated and laid the foundation stones for multiple projects worth Rs 134.3 billion in Andhra Pradesh. The initiatives span key sectors including infrastructure, energy, and urban development, aimed at boosting regional growth and job creation.In Visakhapatnam, the Prime Minister dedicated several completed infrastructure projects to the nation, while in Nandyal and West Godavari, he laid foundations for renewable energy and water resource developments. These projects align with the government’s focus on improving connectivity, expanding industrial potential,..

MSRDC to Monetise Land Assets to Finance Key Infrastructure Projects

The Maharashtra State Road Development Corporation (MSRDC), led by Chief Minister Eknath Shinde, plans to monetise its land holdings to fund future infrastructure projects. The Corporation intends to lease land parcels for up to 99 years, with some earmarked for joint development or sale.MSRDC has been designated as the special planning authority for several strategic regions, including 19 growth centres along the Mumbai–Goa Expressway, 18 nodes on the Samruddhi Mahamarg, and development zones near the Pune Outer Ring Road, Shaktipeeth Highway, and Mumbai–Pune Expressway.The agency is prio..