Pushp Kumar Joshi has been elected as the new Chairman and Managing Director of state-run oil company Hindustan Petroleum Corporation Limited (HPCL).
Pushp Kumar Joshi
country’s oil marketing company HPCL ,HPCL-Hindustan Petroleum Corporation Limited) has got a new chairman. PESB- Public Enterprises Selection Board Pushp Kumar Joshi (Pushp Kumar Joshi) has been elected as the new Chairman and MD. According to news agency PTI, Pushp Kumar Joshi is currently the HR director in the company. Let us tell you that HPCL is a Maharatna company. It was originally incorporated as a company under the Indian Companies Act 1913. It is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Who is Pushp Kumar Joshi
Pushp Kumar Joshi is the Director of Human Resources, HPCL with effect from 1st August, 2012. He has done doctorate in HR Management. At the same time, he has done his Masters in Human Resource Management from Jamshedpur and a Bachelor of Laws from Andhra University.
Joshi is currently responsible for overseeing the design and deployment of key HR policies and strategies. Joshi currently has 30 years of long experience in HR and Management. Joshi has been instrumental in leading transformational and strategic initiatives at HPCL.
Who will be replaced by Pushp Kumar Joshi?
He will replace Mukesh Kumar Surana, who is retiring this year on 30 April 2022. According to PTI, Joshi had earlier missed out on becoming the head of HPCL on two occasions.
First in August 2013 when Nishi Vasudev was selected by PESB and again in October 2015 when Surana was selected. After his appointment, his tenure will be till 31 August 2024.
how was the election
PESB says that they interviewed Mangalore Refineries and Petrochemicals Limited (MRPL) Managing Director M Venkatesh and four executive directors of HPCL.
Prior to Joshi’s selection for the top post, U Saravanan, Chairman and Managing Director of Madras Fertilizer Limited, and three other non-HPCL officials were also interviewed.
Know about HPCLâ€¦
HPCL has 2 major refineries, one of which is located in Mumbai (West Coast), producing a wide variety of petroleum fuels and specialty oils. It has a capacity of 7.5 million metric tonnes per annum (MMTPA), and the second refinery is located at Visakhapatnam (East Coast) with a capacity of 8.3 MMTPA.
HPCL is a manufacturer of Lube Base Oils of international standards, which owns and operates the country’s largest Lube Refinery with a capacity of 428 TMT. This Lube Refinery produces more than 40% of India’s total Lube Base Oil production.
HPCL M/s Mittal Energy Investment Pvt. Ltd. It operates a 11.3 MMTPA Refinery in Bathinda with 48.99% equity in association with M/s.