New Delhi: The Appointments Committee of the Cabinet (ACC) has approved the appointment of H Shankar Rao, as Director (Technical) of Chennai Petroleum Corporation Limited (CPCL), a group company of Indian Oil and a Miniratna PSU under the Ministry of Petroleum & Natural Gas (MoNPNG). Rao has been appointed as Director (Technical) of CPCL for a period of five years with effect from the date of assumption of the charge of the post on or after October 1, till the date of his superannuation, or until the further orders, whichever is earlier.

Earlier, PSU Watch had reported his recommendation when Rao was selected for the post of Director (Technical) of CPCL by PESB panel on March 16. He was selected from the list of six candidates who were interviewed by the selection panel.

Chennai Petroleum Corporation Limited (CPCL)

Chennai Petroleum Corporation Limited (CPCL) a group company of IndianOil is an Indian state-owned oil and gas corporation headquartered in Chennai. The company was formed as a joint venture in 1965 between the government, AMOCO and National Iranian Oil Company (NIOC), having a shareholding in the ratio 74 percent: 13 percent: 13 percent respectively. From the grassroots stage, CPCL Refinery was set up with an installed capacity of 2.5 million tonnes per year in a record time of 27 months at a cost of Rs 430 million without any time or cost overrun.

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