You are here: Home » Current Affairs » News » National
Business Standard

Former ONGC chairman Shashi Shanker joins Adani Total Gas Ltd board

Shanker, who superannuated as the head of India's largest oil and gas producer on March 31, 2021, was appointed to the board of ATGL on May 4

ONGC | Shashi Shanker | Adani Gas Ltd

Press Trust of India  |  New Delhi 

Shashi Shanker
Shashi Shanker, Former Chairman and Managing Director, ONGC

Shashi Shanker, former chairman and managing director of Oil and Natural Gas Corporation, has been appointed as an independent director on the board of Adani Total Gas Ltd (ATGL), the company said in a regulatory filing.

Shanker, who superannuated as the head of India's largest oil and gas producer on March 31, 2021, was appointed to the board of ATGL on May 4.

"This is to inform that, on the recommendation of Nomination & Remuneration Committee, the Board of Directors of the company have appointed Shashi Shanker, as an Additional Director (Non-Executive, Independent) of the company," the filing said.

He was chairman and managing director of state-owned from October 1, 2017 to March 31, 2021.

ATGL is a joint venture of billionaire Gautam Adani-led infrastructure-to-energy conglomerate and Total of France for city gas business entailing the sale of CNG to automobiles and piped natural gas to households and industries.

The company board is headed by Adani and includes his nephew Pranav Adani as director. Jose Ignacio Sanz Saiz and Olivier Sabrie are two nominee directors of the French energy giant, according to the company's website.

"He (Shashi Shanker) is a Petroleum Engineer from Indian Institute of Technology (ISM), Dhanbad and holds an MBA degree with specialisation in finance," the company said.

Shanker, 61, was also President of Global Compact Network India (GCNI), the Indian local network of United Nations Global Compact (UNGC) which has been providing a robust platform for Indian businesses, academic institutions and civil society organizations to embrace the ten principles of Global Compact Network, United Nations, it added.

His appointment is subject to approval of the shareholders.

ATGL and its joint venture firm hold city gas licence for 52 geographical areas, spanning 124 districts and covering 14 per cent of India's population. It has 334 CNG stations and supplies gas to 5.64 lakh household kitchens.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, May 05 2022. 15:04 IST