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

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..