Hunt for a private sector captain to run ONGC begins

The government is keen on seeking a private sector executive to head state-run ONGC amid global energy inflation that lends urgency to the push for higher oil and gas production to reduce India’s import dependence, said people familiar with the matter.

The search-cum-selection committee panel was set up in February to choose a chairman-cum-managing director (CMD) at ONGC NSE -0.90 % and is planning to seek out private sector executives as well, they said.