Mr. Pushp Kumar Joshi to be new Chairman and Managing Director of HPCL

Mr.Pushp Kumar Joshi took over as the new chairman and managing director of Hindustan Petroleum Corporation Ltd (HPCL) -  India's third-largest oil refining and fuel marketing company.

He was appointed by the Appointments Committee of the Cabinet (ACC) headed by Prime Minister Narendra Modi.

Previously, he served as the Director-HR of the Corporation since 2012. As Director-HR, Mr.Joshi has been responsible for overseeing the design and deployment of key human resource policies and strategies while leading human resources practices that are employee-oriented and aimed at building a high-performance culture.

Currently, he replaced Mr.Mukesh Kumar Surana who was superannuated from services on April 30, 2022. Mr.Joshi was named as the interim head of the corporation in-between days. The ACC now confirmed his appointment and he has formally taken over as the chairman and managing director of HPCL.

During his tenure on the Board, HPCL became a Maharatna Company and achieved the landmark profit after tax of Rs 10,000 crore in FY 2020-21. HPCL is also in the process of executing the Visakh Refinery Upgradation Project and greenfield refinery cum petrochemical complex at Barmer, Rajasthan.

Hindustan Petroleum Corporation Limited is a subsidiary of Oil and Natural Gas Corporation (ONGC) which is under the ownership of the Ministry of Petroleum and Natural Gas of the Government of India.

   Important points for the exam:

• The Appointments Committee of the Cabinet (ACC) has appointed Mr.Pushp Kumar Joshi as the new Chairman and Managing Director of Hindustan Petroleum Corporation Limited (HPCL).
• Currently, he replaced Mr.Mukesh Kumar Surana who was superannuated from services on April 30, 2022. 
• Previously, he served as the Director-HR of the Corporation since 2012.
• During his tenure on the Board, HPCL became a Maharatna Company and achieved the landmark profit after tax of Rs 10,000 crore in FY 2020-21. 

   Facts to know:

• Hindustan Petroleum Corporation Limited (HPCL) was established in 1974.
• CEO of HPCL: Mr.Mukesh Kumar Surana.
• Headquarters of HPCL: Mumbai, Maharashtra.
• HPCL functions under the Ministry of Petroleum and Natural Gas.