New Delhi: India’s leading upstream oil and gas company Oil and Natural Gas Corporation (ONGC) has announced a key temporary leadership assignment in its production vertical. Mr. Vikram Saxena has been entrusted with the additional charge of Director (Production) for a period of three months, effective 1 July 2026.
The announcement was made through a regulatory filing submitted to stock exchanges in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Official Approval from Ministry of Petroleum and Natural Gas
The arrangement was approved by the Government of India’s Ministry of Petroleum and Natural Gas (MoPNG) through a letter dated 22 June 2026.
As per the disclosure, the temporary appointment will remain valid for:
- Three months from 1 July 2026, or
- Until a regular incumbent assumes charge, or
- Until further orders from the competent authority
whichever is earlier.
Key Details of Appointment
According to the company’s filing:
- Mr. Vikram Saxena currently serves as Director (Technology & Field Services) at ONGC
- He will hold the additional charge of Director (Production)
- The appointment is temporary and aimed at ensuring operational continuity
- He holds DIN: 10892368
- Effective date: 1 July 2026
This move ensures that ONGC’s production leadership remains stable during the interim period.
Role and Responsibilities of Vikram Saxena
In his current capacity, Vikram Saxena oversees ONGC’s technology and field services operations. His responsibilities include:
- Managing drilling and well services operations
- Leading technical services across production assets
- Heading key training and capability institutions such as:
- Institute of Drilling Technology
- Centre of Excellence in Drilling Technology
- School of Maintenance Practices, Vadodara
His expanded role as Director (Production) is expected to strengthen coordination across field operations and production systems.
Regulatory Compliance and Stock Exchange Disclosure
The company confirmed that the appointment was formally disclosed to India’s leading stock exchanges:
- National Stock Exchange of India (NSE)
- BSE Limited
This disclosure was made under Regulation 30 read with Schedule III of SEBI (LODR) Regulations, ensuring transparency in senior management changes within listed PSUs.
Strategic Importance of the Move
The temporary leadership arrangement comes at a crucial time for India’s energy sector, where operational efficiency and stable hydrocarbon output remain top priorities.
ONGC continues to play a central role in:
- Domestic crude oil production
- Natural gas supply security
- Supporting India’s long-term energy independence goals
By assigning additional charge to an experienced internal leader, the company aims to maintain continuity in production management without disruption.
About ONGC
Oil and Natural Gas Corporation (ONGC) is India’s largest crude oil and natural gas exploration and production company. Established in 1956, the Maharatna PSU contributes significantly to India’s domestic energy production and operates across upstream, downstream, refining, petrochemicals, and overseas energy assets through its subsidiaries, including HPCL, MRPL, OVL, and OPaL. The company plays a crucial role in strengthening India’s energy security and reducing dependence on imported hydrocarbons.
