Bhubaneswar: Odisha-born Ranjit Rath (50) has been selected by the Public Enterprises Selection Board (PESB) to head Oil India Limited, country’s second largest oil and gas producer.
Rath, who is currently the chairman and managing director of Mineral Exploration Corporation Ltd (MECL), was selected after interviews of five applicants on March 9, a notification from the Public Enterprises Selection Board (PESB) said.
He was selected for the post of chairman and managing director ahead of two directors on the Oil India board and another executive director of the company.
Oil India’s current chairman and managing director Sushil Chandra Mishra will superannuate on June 30, this year.
Rath has been heading MECL since November 2018. His name, after getting clearance from anti-corruption bodies like CVC and CBI, will be sent to the Appointments Committee of the Cabinet (ACC) headed by Prime Minister Narendra Modi for vetting.
Rath, a Geoscientist, is an alumnus of IIT Bombay, IIT Kharagpur and Utkal University. Prior to his appointment to MECL, he was the General Manager with Engineers India Ltd , New Delhi and was posted with Indian Strategic Petroleum Reserves Ltd.
He was awarded with the prestigious National Geosciences Award 2016.