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Who will be the next Chairman, Indian Oil Corporation  

Butola is front runner to head IOC

Our Bureau….. New Delhi, Sept. 29……from the pages of THE HINDU BUSINESS LINE newspaper.

The ONGC Videsh Ltd (OVL) Managing Director, Mr R. S. Butola, is said to have emerged as a front runner for the post of Chairman, Indian Oil Corporation (IOC). In February, Mr Sarthak Behuria was denied extension as the Chairman of IOC. Currently, Mr B. M. Bansal is holding charge as the Chairman.

On Wednesday, the Public Enterprises Selection Board (PESB) interviewed candidates and short-listed two names.Its recommendations will go the nodal Ministry, in this case the Ministry for Petroleum and Natural Gas.The Ministry will process it further and forward it the Appointments Committee of the Cabinet (ACC) for formal approval.According to an official source, only six of the 14 candidates short-listed appeared for the interview.

They were Mr U.K. Basu, MRPL Managing Director; Mr A.M. K. Sinha, Executive Director, IOC; Mr A. S. Lamba, Additional Secretary and Financial Advisor in the Ministry of Agriculture; Mr Ramanand, Instrumentation Ltd Chairman and Managing Director; and Mr O P Pradhan, Executive Director, HPCL, besides Mr Batola.

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