ONGC Retired Officers’ conclave begins in Doon
ONGC venturing into power, petro-chemicals sector: Balyan
By our staff reporter
Dehradun, 12 Dec: A two-day conclave of ONGC Retired Officers was inaugurated in Doon, today. It was a house-full view at the Nehru Auditorium of the ONGC Academy with retired officers from across the country assembled for the first such conclave in the history of the ONGC Retired Officers’ Association. The conclave could become a reality due to the efforts of the newly elected President of ONGC Retired Officers’ Association, Dr KL Goyal, former Director, Institute of Management Development, now called ONGC Academy, and the executive body of the Association.
Director (HR), Dr AK Balyan was invited by the association to attend the conclave as the Chief Guest. Dr Balyan was accompanied by Sundar Lal, GGM-Chief, ER and Dr Tarun Chakraborti, GGM-HOI-ONGC Academy at the conclave.
Addressing the retired officers, Dr Balyan spoke about the excellent performance of ONGC in its core area of exploration and in terms of highest net profit earning. At the same time, he also expressed his concern over production targets. Dr Balyan spoke highly of the performance of ONGC Videsh in the last 4 to 5 years, making it the biggest investor abroad and also the number 2 company in terms of oil and gas production in India.
In its pursuit of becoming an integrated oil and gas company, ONGC is venturing into the power sector in Tripura and the petro-chemicals sector by establishing joint-ventures with the respective state governments, Dr Balyan said. He was of the opinion that through these joint ventures, ONGC would generate financial resources that would provide cover to the risks of its core activity of exploration.
Dr Balyan expressed the hope that in recognition of the excellent performance and strategic plans of the company, ONGC would soon acquire ‘Maharatna’ status from the Government of India.
Dr Balyan appreciated the idea of the conclave and complimented Dr Goyal and his team for holding it. He advised the retired officers to make suggestions and contribute through their expertise. He promised that their opinions would be duly considered by the management. Dr Balyan suggested the retired officers emulate the examples set by some former ONGCians, who are serving society through NGOs.
In his final remarks, Dr Balyan advised the ONGC Retired Officers’ Association to bring out a publication containing news items, articles and expert opinions by the domain experts among the retired officers. He assured financial support for the publication.
Earlier, Dr KL Goyal, President, ONGC Retired Officers’ Association, welcomed the Chief Guest, Dr Balyan and all the former ONGCians for attending the conclave in such large numbers. In his welcome address, Dr Goyal requested Director (HR) to look into the issues raised by the Association sympathetically.
Former Member (Exploration), SN Talukdar, along with the office-bearers of the association, were also present on the occasion.
MP Sharma, Secretary, ONGC Retired Officers’ Assoc