PESB Picks Krishna Kumar Gopalan as the Next CMD of BPCL

2024-04-18 10:15:15 Business

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The Public Enterprises Selection Board or PESB has nominated Mr. Gopalan for the post of chairman and managing director (CMD) at the India?s second largest oil refining and marketing company (OMC) Bharat Petroleum Corporation Limited (BPCL).

The government?s sources announced on Dec 14, 2022 that they have picked Krishna Kumar Gopalan as a Chairman and Managing Director (CMD) of India?s second largest oil marketing company (OMC) BPCL.

ILLUSTRIOUS CAREER OF KRISHNA KUMAR GOPALAN AT BPCL BEFORE BECOMING CMD
Mr. Gopalan is an electrical and electronics engineering graduate from the National Institute of technology, Tiruchirapalli. He is also a post graduate in finance management from the Jamnalal Bajaj Institute of Management studies.
Following are some of the top managerial and executive positions Mr. Gopalan commanded.
? Krishna Kumar joined the BPCL as a management trainee in April 1987.
? Later after joining the company Krishna Kumar was a senior manager for their Loyalty Programs.
? Deputy General Manager (Learning and Development)
? Chief General Manager, Human Resource Department, HRD
? Executive Director, Human Resource Department, HRD
? Executive Director, Lubricants

MR. GOPALAN SELECTION PROCEDURE
Krishna Kumar was selected after appearing for various rounds of interviews held on December 12, 2022.
After short listing from six candidates (all from BPCL) he was finally selected.
PESB Selection will have to be ratified by the Appointments Committee of the Cabinet (ACC).
BPCL - INDIA?S SECOND LARGEST OIL MARKETING COMPANY
BPCL, India?s second largest Oil Marketing Company (OMC) is also one of the Fortune 500 companies. BPCL?s core business is refining crude oil and marketing various petroleum products. The company has a significant presence in the upstream and downstream sectors of oil and gas industry.
BPCL was awarded Maharatna status by the government of India giving the company a greater operational and financial autonomy.

BPCL INFRASTRUCTURE IN INDIA
? Currently BPCL has three main refineries operating in Mumbai, Kochi and Bina, MP. Their combined capacity for refining crude oil stands at 35.3 MMTPA (approximately). BPCL controls 15% of the total market share. Kochi refinery is BPCL?s biggest refinery with a capacity of 15.5 million tons per year.
? BPCL?s marketing infrastructure includes a network of installations, depots, energy stations, aviation service stations and LPG distributors.
? BPCL?s distribution network comprises over 20,000 Energy stations, over 6200 LPG distributorships, 733 Lubes distributorships and 123 POL storage locations, 54 LPG bottling plants, 60 Aviation Service Stations, 4 Lube Blending plants and 4 Cross country pipelines.

BPCL?S COMMITMENT FOR REDUCING GREENHOUSE GAS AND ACHIEVING NET ZERO EMISSIONS
BPCL as a leading energy company is committed to the cause of climate change. They want to achieve net zero emissions by the year 2050.
In past few years, BPCL has been integrating its strategy, investments, environmental and social ambitions to move towards a more sustainable planet. Some of the important green initiatives by BPCL are.
? BPCL is developing a vibrant ecosystem and a roadmap to become a Net Zero Company by 2040 in Scope 1 and Scope 2 emissions.
? In next 5 years they are planning to construct electric vehicle EV charging stations at over 7000 energy stations
? On July 6, 2022 BPCL invited bids for the development of a 5 MW electrolyzer for production of green hydrogen and hydrogen blending with natural gas in their city gas distribution network.
? BPCL will invest Rs 1.4 Lakh Crore in next 5 years in verticals like petrochemical, city gas and clean energy.
GIVING BACK TO THE SOCIETY ? BPCL HAS A LONG HISTORY OF CORPORATE SOCIAL RESPONSIBILITY (CSR)
BPCL is partnering with marginalized communities to fulfill its corporate social responsibilities. Some of the best CSR initiatives taken by the company are
? Project BOOND, a first of its kind Water conversation project that is transforming Indian Rural Landscape.
? BPCL?s CSR activities in education sector are projects like Akshar, Saksham, Nirmaan etc.
? Community Development projects like Swachh Bharat Abhiyan that includes health and hygiene of the communities.