S K Barua takes over as Managing Director of NRL
S K Barua has taken over as Managing Director of Numaligarh Refinery Ltd. (NRL) with effect from 31st January 2018.
Barua was selected by Public Enterprise Selection Board and the Appointments Committee of the Cabinet (ACC) approved the same on 24th January, 2018.
With 33 years of rich and varied experience in the Indian Oil and Gas Industry, he was serving as the Director (Finance) in NRL prior to being appointed as the Managing Director.
He joined NRL as its first permanent employee in the year 1993, the year that the company was established. Over the last 24 years in NRL, he has garnered vast experience of setting up a grass root mega project starting from its conceptualization, implementation, commissioning and operations thereafter. He has in-depth knowledge in areas of finance, treasury management & corporate finance, business development, commercial and legal, JVs and pipeline projects, corporate communication, administration and liaison. Barua is the current chairman of Confederation of Indian Industry (CII), Assam since 2015 and also the member of Regional Committee- EFP Assam. He was awarded Best CMA-CFO 2015 by Institute of Cost Accountants of India.
NRL achieved its best ever financial performance during his tenure as Director (Finance) owing to the strategic initiatives taken by him.
A resident of Dibrugarh, Assam, Barua did his schooling and college from Dibrugarh before proceeding to Delhi to pursue Cost Accountancy. He started his career in Indian Oil Corporation (Assam Oil Division) in 1985. Subsequently in the year 1987, he joined the Refinery and Petrochemical Division of Government of Assam to identify & develop new oil and gas projects in the state, more particularly to implement the Assam Accord Refinery, thereafter named Numaligarh Refinery Limited. He was also a key team member in conceptualization of the prestigious Assam Gas Cracker project.
File photo of S K Barua