New Delhi: S Ramesh is set to be the next Managing Director (MD) of Bharat Petro Resources Limited (BPRL), a wholly-owned subsidiary company of Bharat Petroleum Corporation Limited (BPCL). Ramesh has been recommended for the post by the Public Enterprises Selection Board (PESB) panel on Thursday. He is currently serving as General Manager in BPCL.
Ramesh has been recommended for the post of next MD of BPRL from the list of nine candidates, who were interviewed by the selection panel. There were a total of five candidates including Ramesh, who were on the list, were from BPCL, two candidates from Oil & Natural Gas Corporation Limited (ONGC) and one each from GAIL (India) Limited and Repco Home Finance Limited.
Bharat Petro Resources Limited (BPRL) is a wholly-owned subsidiary company of Bharat Petroleum Corporation Limited (BPCL) which focuses on providing partial supply security of crude. Bharat Petroleum entered the upstream sector in 2003 with an aim to provide partial supply security of crude and hedging of price risks and to become a vertically integrated oil company. With the additional aim of strengthening the company's bottom line by the name Bharat Petro Resources Limited (BPRL) was incorporated in October 2006.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)