ONGC 25th AGM gets shareholders thumbs up
The organization of the 25th Annual General Meeting (AGM) of one of India’s most valuable corporation ONGC has secured praise from the attending shareholders. The AGM was held on 28 September 2018 at the Manekshaw Center, New Delhi. The AGM was chaired by CMD ONGC Shashi Shanker and attended to by all the Directors on the ONGC Board – Director (Exploration) A. K. Dwivedi, Director (Finance) Subhash Kumar, Director (Offshore) Rajesh Kakkar, Director (Onshore) S. K. Moitra,and ONGC’s Independent Directors Ajai Malhotra, Shireesh B. Kedare, K. M. Padmanabhan, Deepak Sethi, and Dr. Sambit Patra. Government Nominee Director Amar Nath also attended the AGM. In his AGM statement, CMD Shashi Shanker informed that ONGC has witnessed positive developments on both financial and operational fronts, despite facing challenges in the Global Energy Industry. He highlighted some of the milestones of ONGC for the fiscal year 2017-18: 12 new hydrocarbon discoveries, record revenue growth of 9.1% and winning several awards at national and international platforms.