Vivek Chandrakant Tongaonkar appointed as ONGC Director (Finance) 

Shri Tongaonkar is an Industry veteran with over 37 years of professional experience in diverse activities across the Energy value-chain. He brings a wealth of experience and a proven track record in financial and managerial leadership, making him a valuable addition to India’s Energy Maharatna. In his previous role, Mr. Tongaonkar served as Director (Finance) & CFO at Mangalore Refinery & Petrochemicals Limited (MRPL) from May 2023 till June 2024. He is also serving as the Chairman of the Board for the Mangalore Special Economic Zone Limited (MSEZL), a key entity within the ONGC group of companies. Mr. Tongaonkar’s educational background includes an Engineering D egree from the College of Engineering, Pune, and an MBA in Finance from the Symbiosis Institute of Business Management, Pune. He began his illustrious career with ONGC in March 1987 as an Assistant Executive Engineer (Electrical) , where he played a crucial role in the Engineering & Construction Division. His early career was marked by significant contributions to the design, engineering, fabrication, installation, pre-commissioning, and commissioning of offshore facilities, including well platforms, process platforms, and pipelines. He gained rich technical experience of offshore facilities.…

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ONGC and Indian Oil Forge Strategic Partnership to Establish LNG Plant Near Hatta Gas Field

ONGC and Indian Oil Forge Strategic Partnership to Establish LNG Plant Near Hatta Gas Field ONGC and IndianOil Corporation Limited (IOCL) signed a memorandum of understanding (MoU) to establish a small-scale Liquefied Natural Gas (LNG) plant near the Hatta Gas Field in the Vindhyan Basin on 17 June 2024. The establishment of the Hatta LNG plant will significantly enhance the Vindhyan Basin’s status, upgrading it from a Category II to a Category I Basin. The MoU signing ceremony took place at Deendayal Urja Bhawan, New Delhi, attended by Director (Planning & Business Development) IOCL, Sujoy Chaudhary and Director (Exploration) ONGC, Sushma Rawat The plant will utilize cutting-edge technology to produce LNG, a cleaner alternative to traditional fossil fuels, significantly reducing carbon emissions and aligning with India’s climate change mitigation goals. The discovery at Hatta represents the culmination of five decades of sustained exploration efforts. ONGC has already submitted its Field Development Plan (FDP) to the Directorate General of Hydrocarbons (DGH) to monetize its assets in the Hatta area. The ‘non-binding MoU’ for a Technology Demonstration Small Scale LNG plant at Hatta, Madhya Pradesh’ between ONGC and Indian Oil is…

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