Mr. Shanker is Chairman and Managing Director (CMD) of the Company and also the Chairman of ONGC Videsh Limited (OVL), Mangalore Refinery & Petrochemicals Limited (MRPL) and Joint venture companies namely Mangalore SEZ Limited(MSEZ), ONGC Tripura Power Company Limited(OTPC), ONGC Petro-additions Limited(OPaL), ONGC Mangalore Petrochemicals Limited(OMPL) and a Director of Petronet LNG Limited(PLL).
A Petroleum Engineer from IIT(ISM)-Dhanbad and holding MBA degree with specialisation in Finance.
Successfully spearheaded the HPCL acquisition of 51.11% Govt. stake to improve ONGC’s downstream portfolio.
Under his leadership, ONGC Videsh made a successful entry overseas with Indian consortium acquiring 10% stake in one of Abu Dhabi’s biggest offshore oil concessions (Lower Zakum).
He is steering ONGC’s Strategic Roadmap - 2040 which aims to transform the Company as “a diversified energy company with strong contribution from non E&P businesses”. This could help the group to achieve
3 times revenue distributed across E&P, Refining & Marketing and other business.
4 times current PAT with 10% contribution from non-Oil & Gas business.
5~6 times current market capitalization.
As CMD of ONGC, he has set his priority is towards developing the East Coast discoveries, rejuvenating the mature fields of Western Offshore and Onshore and Improvement in Reservoir Management. ONGC has performed exceedingly well under his leadership making highest ever Revenue and Record Profit in the last financial year. Majority of the Group Companies - JVs and subsidiaries - also touched some of the all-time-high record performances.