Page 147 - CW E-Magazine (18-3-2025)

Top Stories

NEW LEADER

Government appoints Vikas Kaushal as HPCL CMD

The government has appointed of the Ministry of Petroleum & Natu- Kearney, founded in 1926 is a global
Mr. Vikas Kaushal as the Chairman ral Gas for the appointment of Vikas management and advisory consulting
and Managing Director of Hindustan Kaushal, in relaxation of the eligibility fi rm having global annual revenue of
Petroleum Corporation Ltd. (HPCL) criteria, to the post of CMD HPCL,” a $1.6-bn.
for a fi ve-year term. He succeeds government order said.
Mr. Rajneesh Narang, Director In recent years, the government has
(Finance), who was handling the Mr. Kaushal is a chemical engi- struggled to appoint heads for seve-
additional charge of CMD since neering graduate from Panjab Univer- ral public sector companies, including
September 1, 2024. sity and has done his MBA from Indian the Oil and Natural Gas Corporation
Institute of Management (IIM), Ahmeda- (ONGC), Indian Oil Corporation Ltd.
The 53-year-old Kaushal, who pre- bad. Twice elected to Kearney’s (IOCL), and Bharat Petroleum Corpo-
viously served as the global leader for Global Board of Directors, he completed ration Ltd. (BPCL).
energy and process industries at Kearney, two full terms (maximum allowed in
is the fi rst private sector executive to Kearney’s board structure). He also The government is also in the
head a state-run oil refi nery. served as Chair of the Finance, Audit process of selecting a new CMD for
and Governance Committees. BPCL, as the incumbent, Mr. G. Krishna-
“The Appointments Committee of kumar, will retire as CMD on April 30
the Cabinet has approved the proposal Kearney, earlier known as A.T. this year.

Integrated facility for APIs, green hydrogen and ethanol

planned in Himachal

The Himachal Pradesh Govern-
ment has signed a Memorandum of
Commitment (MoC) with Chandigarh-
based Spray Engineering Devices Ltd.
to establish “India’s fi rst integrated
manufacturing facility” for Active
Pharmaceutical Ingredients (API),
green hydrogen, and 2G ethanol. The
Rs. 1,400-crore-project will be set up
in Baddi-Barotiwala-Nalagarh (BBN),
Solan district, and is expected to create
1,000 jobs.

As per a press note released by
the State Government, the project
would initially produce 30-MW green
hydrogen in the fi rst phase and later
produce 50-MW. No other details
were given.
government and Managing Director Devices is an engineering company
The MoC was signed in the pre- Mr. Vivek Verma on behalf of the focused on designing/redesigning and
sence of Chief Minister Sukhvinder company. engineering of processes & equipment,
Singh Sukhu by Director Indus- operating three manufacturing facilities
tries Dr. Yunus on behalf of the state Punjab-based Spray Engineering at Baddi, Himachal Pradesh.

Chemical Weekly March 18, 2025 147

Contents Index to Advertisers Index to Products Advertised