NSEAppointment1d ago · 21 Sept 2026, 04:17 pm

Appointment

Oil & Natural Gas Corporation Limited · ONGC

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Oil & Natural Gas Corporation Limited has informed the Exchange regarding the appointment of Mr Bhaskar Chowdary Nettem as Executive Director of the company, effective September 21, 2026.

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Growth Catalyst6/10
Governance Concern1/10
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Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10

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Oil & Natural Gas Corporation Limited has informed the Exchange regarding Appointment of Mr Bhaskar Chowdary Nettem as Executive Director of the company w.e.f. September 21, 2026.

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ONGC_21092026161641_directorproduction21092026.pdf

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OIL AND NATURAL GAS CORPORATION LIMITED COMPANY SECRETARIAT ONGC/CS/SE/2026-27 21.09.2026 National Stock Exchange of India Ltd. BSE Limited Listing Department Corporate Relationship Department Exchange Plaza Phiroze Jeejeebhoy Towers Bandra-Kurla Complex, Bandra (E) Dalal Street, Fort Mumbai – 400 051 Mumbai – 400 001 Symbol-ONGC; Series – EQ BSE Security Code No: 500312 NCD: 959881 Sub: Appointment of Director (Production) Madam/ Sir, In terms of Regulation 30 of SEBI (LODR) Regulations, 2015, it is informed that the Board of Directors of the Company has considered and approved the appointment of Shri Bhaskar Chowdary Nettem (DIN: 10622394) as Director (Production) of the Company in terms of letter No. CA-31011/2/2024-CA-PNG (49894) dated 21.09.2026 issued by the Ministry of Petroleum and Natural Gas, Government of India. Brief profile of Shri Bhaskar Chowdary Nettem and other details as per SEBI Circular is attached at “Annexure-A”. He is not debarred from holding the office by virtue of any SEBI Order or any other authority. This is for your information and record please. Thanking You, Yours Sincerely, for Oil and Natural Gas Corporation Ltd. (Shashi Bhushan Singh) Company Secretary & Compliance Officer Regd. Office: Plot No 5A-5B, Nelson Mandela Marg, Vasant Kunj, New Delhi-110070 Phone: 011-2675 4073, 011-2675 4085 EPABX: 2675 0111, 2629000 CIN: L74899DL1993GOI054155 Website: www.ongcindia.com Email: secretariat@ongc.co.in OIL AND NATURAL GAS CORPORATION LIMITED COMPANY SECRETARIAT Annexure-A Brief profile of Shri Bhaskar Chowdary Nettem Additional Information in terms of SEBI Circular Sl. No. Particulars Details a. Reason for Appointment change b. Date & term Shri Bhaskar Chowdary Nettem is appointed as Director (Production) with effect from 21.09.2026 till the date of of his superannuation, i.e. 30.09.2029, or until further orders, whichever is earlier. appointment c. Brief profile Shri Bhaskar Chowdary Nettem is a seasoned energy sector leader with more than three decades of distinguished service in ONGC, spanning offshore and onshore oil and gas operations, strategic business development, project execution, international upstream exposure, and joint venture leadership. A Mechanical Engineer by qualification, he began his career in 1991 at ONGC’s flagship Mumbai High Offshore Oilfield, where he built a strong foundation in complex offshore operations and production management. To complement his technical grounding with commercial and strategic perspective, Shri Nettem earned a master’s degree in international business in 2006. His early leadership assignments included feasibility studies for greenfield refinery projects at Kakinada and Barmer, contributing to the strategic groundwork for ONGC’s downstream entry. He later played a key role in the joint venture associated with commencement of production from the prolific Mangala oilfields in Rajasthan and the commissioning of the world’s longest heated crude oil pipeline from Barmer to Bhogat. During his tenure with ONGC Videsh Limited, he gained valuable international exposure across deepwater oilfield operations, business development, and field development planning. This global experience strengthened his ability to evaluate opportunities, manage multidisciplinary interfaces, and lead complex upstream initiatives across diverse operating, commercial, and regulatory environments. As Asset Manager of ONGC’s Assam Asset at Nazira, Shri Nettem led one of the Company’s most operationally challenging onshore assets. He provided focused leadership for sustaining and enhancing production from mature fields, while managing a large and diverse workforce in an ecologically sensitive region. His approach combined operational discipline, stakeholder engagement, environmental responsibility, and workforce alignment. Subsequently, Shri Nettem brought his cross-functional expertise and strategic leadership to Mumbai High Asset, ONGC’s most critical and mature offshore producing asset. In an environment marked by ageing reservoirs, legacy infrastructure, redevelopment requirements, and demanding production expectations, he guided initiatives aimed at strengthening production performance, asset integrity, project execution, field redevelopment, and HSE excellence. In addition to his leadership roles within ONGC, Shri Nettem serves as Chairman of IGGL, a joint venture of five public sector undertakings entrusted with developing the gas pipeline network in the North East. This initiative is aligned with the Hon’ble Prime Minister’s Act East Policy and the One Nation One Gas Grid Mission and is expected to support deeper city gas distribution penetration while enhancing the share of natural gas in India’s energy basket. Shri Bhaskar Chowdary Nettem’s professional journey reflects a distinctive combination of operational excellence, strategic foresight, commercial understanding, technological orientation, and people-centric leadership. His sustained contribution to ONGC’s mission and to India’s energy security positions him as a highly accomplished leader with the experience, perspective, and credibility required for senior executive and board-level responsibilities. d. Disclosure of None relationships between directors Regd. Office: Plot No 5A-5B, Nelson Mandela Marg, Vasant Kunj, New Delhi-110070 Phone: 011-2675 4073, 011-2675 4085 EPABX: 2675 0111, 2629000 CIN: L74899DL1993GOI054155 Website: www.ongcindia.com Email: secretariat@ongc.co.in