Oil India Appoints Abhijit Majumder As CFO
Earlier, OIL had inducted Majumder as the director of finance from Nov. 20.
Oil India Ltd.'s board of directors approved on Wednesday the appointment of Abhijit Majumder as the chief financial officer, according to an exchange filing.
Majumder will replace Barua, executive director of the finance and accounts department, as the CFO with effect from Dec. 18. The board accorded its approval at a meeting, the filing stated.
This is in addition to Majumder's responsibilities as director-finance and will be on existing terms, according to OIL.
Earlier, the public sector undertaking had inducted Majumder as the director of finance from Nov. 20, according to the terms of Ministry of Petroleum and Natural Gas.
Majumder is a member of the lnstitute of Cost & Management Accountants of lndia. He also holds a bachelor's degree in Economics and Law.
In a career spanning 32 years, Majumder has used his expertise in various areas of management like financial management, corporate governance and compliances, risk management, project management, corporate business development, it said.
On Tuesday, OIL had said that the petroleum ministry inducted Trailukya Borgohain as the company's director of operations. As a result of the appointment, Saloma Yomdo has been relieved from additional charge of the post of director of operations.
In the second quarter of the current financial year, OIL's consolidated net profit rose 3% to Rs 2,069.2 crore from 2,016.3 crore in the year-ago period. Revenue declined 13% to Rs 7,247 crore from Rs 8,120.21 crore in the year-ago period.
Shares of OIL closed 0.16% higher at Rs 445.05 apiece on the BSE, compared to a 0.62% decline in the benchmark Sensex.
