Government Headhunter Fails to Find Suitable HPCL Chief

21 Jun 2024 CW Team

India's Public Enterprises Selection Board (PESB), responsible for appointing top executives in public sector enterprises, has faced difficulties in selecting a suitable candidate for the top post at Hindustan Petroleum Corporation Limited (HPCL). The board's efforts to fill this crucial leadership position in one of India's major state-owned oil firms have encountered challenges despite the search process.

The vacancy at HPCL arose following the retirement of the previous chairman and managing director. The PESB, tasked with ensuring transparent and merit-based appointments, conducted extensive interviews and evaluations to identify a candidate capable of leading HPCL through its strategic objectives and challenges in the oil and gas sector.

However, the board's search did not yield a candidate deemed suitable for the role, highlighting the rigorous standards and criteria set for leadership positions in India's public sector enterprises. The inability to finalize an appointment underscores the complexities involved in selecting executives for critical positions in state-owned companies, where leadership stability and strategic vision are paramount.

HPCL, a prominent player in India's oil refining and marketing sector, plays a crucial role in the nation's energy security and economic development. The position of chairman and managing director at HPCL requires a blend of industry expertise, leadership acumen, and the ability to navigate complex regulatory landscapes and market dynamics.

As the search for HPCL's top executive continues, the PESB remains committed to identifying a candidate who can effectively steer the company towards sustained growth and competitiveness in the evolving global energy landscape.

Infrastructure Urban

17 Jul 2026

Ion Exchange Wins USD 52.83 Million Supply Contract From Hyundai

Ion Exchange (India) (Ion Exchange) has been awarded an international contract by Hyundai Engineering and Construction Co., (Hyundai Engineering) for the supply of filtration units in the Middle East. The contract is valued at USD 52.83 million and is to be executed over a period of 18 months. The order aggregates to approximately Rs 5.03 bn based on the prevailing exchange rate. Delivery schedules and technical specifications will be governed by the contract terms. The scope covers manufacture and supply of filtration units to be deployed across projects in the Middle East and follows the pro..

3i Infotech Subsidiary Wins Talent Deployment Contract With Krung Thai Bank

3i Infotech (Thailand), a wholly owned step down subsidiary of 3i Infotech, has won a contract from Krung Thai Bank Public Company on nine July 2026. The order covers talent deployment to support application development, enhancement, testing and digital transformation programmes. Roles specified include full stack development, backend development in Java, frontend development using Angular, DevOps engineering, quality assurance and test automation, business analysis and solution architecture. The engagement reflects the subsidiary's continued focus on banking technology services in the region...

HFCL Secures Export Order For Data Centre Fibre Connectivity

HFCL (HFCL) has secured an export order worth US dollar (USD) 51.98 million (mn), equivalent to Rs 4,958 mn, for the supply of optical fibre cable based data centre connectivity solutions through its overseas wholly owned material subsidiary. The contract was awarded by an international customer and underscores HFCL's manufacturing capabilities, technological competence and product quality in global markets. The company stated the award arises from normal business operations and aligns with its export strategy. The scope covers the supply of optical fibre cable based data centre connectivity s..