PSU Watch logo

| PSU, private oil refiners may come together to seek cheaper crude oil import deals |   | Rajnath Singh launches project monitoring portal for Military Engineer Services |   | Power crisis: Govt mulls changes in normative coal stock requirement for TPPs, say sources |   | SpiceJet to commence flight operations to Kushinagar from Nov 26 |   | Hardeep Singh Puri takes a dig at OPEC, says access to energy must be ‘affordable, reliable’ |   | Secretary Mines inaugurates NALCO’s Lean Slurry Project at Angul |  

HPCL appoints Rajneesh Narang as its Chief Financial Officer

Hindustan Petroleum Corporation Limited (HPCL) has appointed its Executive Director (Corporate Finance) as Chief Financial Officer (CFO) of the company

HPCL appoints Executive Director Rajneesh Narang as its Chief Financial Officer
HPCL appoints Executive Director Rajneesh Narang as its Chief Financial Officer

New Delhi: Hindustan Petroleum Corporation Limited’s (HPCL) Executive Director Rajneesh Narang has been appointed as Chief Financial Officer (CFO) of the company. The Board of Directors of HPCL Limited in its board meeting held on June 30, have appointed him on the post with effect from July 01, 2021. This information has been shared by the petroleum PSU in a regulatory filing to the stock exchanges on Thursday.

Narang is a Chartered Accountant and has held senior positions in the company and handled various areas of finance covering corporate finance, treasury, risk management, margin management, marketing finance, SBU commercial, refinery project etc. and has over three decades of experience.

ALSO READ:

1. BCCL's Samiran Dutta appointed as Director (Finance) of Coal India

2. Dr Rajiv Kumar Gupta (IAS) appointed as Chairman of Gujarat Mineral Development Corp Ltd

HPCL

HPCL is an Indian oil and natural gas company with its headquarters in Mumbai, Maharashtra. It has about 25 percent market share in India among Public Sector Undertakings (PSUs) and strong marketing infrastructure. ONGC, also the second promoter of the company (the first promotor is the President), owns 51.11 percent shares in HPCL and others are distributed amongst financial institutes, public and other investors. The company is ranked 367th on the Fortune Global 500 list of the world's biggest corporations as of 2016. HPCL got removed from NIFTY 50 INDEX in March 2019. Recently on October 24, 2019, the company has conferred with Maharatna status.

(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.)