New Delhi: Arun Kumar Singh is the new Chairman & Managing Director (CMD) of Bharat Petroleum Corporation Limited (BPCL) as the Appointments Committee of the Cabinet (ACC) has approved the proposal of the Ministry of Petroleum & Natural Gas (MoPNG) on Monday. According to an order from the Department of Personnel & Training (DoPT), he has been appointed to the post for a period with effect from the date of his assumption of charge of the post till the date of his superannuation, i.e, October 31, 2022, or until further orders, whichever is earlier. He is currently serving as Director (Marketing) in the same organisation.
Earlier, PSU Watch had reported that Singh was recommended for the post of CMD of BPCL by the PESB panel, on May 10. He was selected for the post from a list of six candidates, who were interviewed by the selection panel. All the candidates, who were on the list, were from BPCL.
Singh is a Mechanical Engineer with the first rank from the National Institute of Technology, Patna. He has vast experience of 31 years in the oil sector. He has headed various positions in BPCL in retail, LPG, pipelines, supply chain optimisation. He has also held the position of President (Africa & Australasia) in Bharat PetroResources Ltd (BPRL), a wholly-owned subsidiary of BPCL. He was also a Director on the board of Bharat Gas Resources Limited, a wholly-owned subsidiary of BPCL. In December 2020, Singh was given the additional charge of Director Refineries at BPCL.
Bharat Petroleum Corporation Limited (BPCL) is a government-controlled oil and gas company headquartered in Mumbai, Maharashtra. It is a Maharatna PSU under the Ministry of Petroleum & Natural Gas (MoPNG). The corporation operates two large refineries of the country located in Kochi and Mumbai. The company is India's 2nd largest downstream oil company and is ranked 275th on the Fortune list of the world's biggest corporations as of 2019. BPCL ranked 672 in the Forbes 2018 list. The PSU is set to be disinvested in the current financial year.
(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.)