New Delhi: Amit Garg, currently serving as Director (Marketing) at Hindustan Petroleum Corporation Limited (HPCL), is set to become the next Chairman and Managing Director (CMD) of the Maharatna public sector enterprise. A selection panel formed by the Ministry of Petroleum and Natural Gas (MoPNG) has recommended his name for the top post following interviews conducted, according to sources.
Garg, who took over as HPCL’s Director (Marketing) in December 2023, has extensive experience in the oil and gas industry, spanning over 35 years. Before assuming his current role, he was Executive Director (Aviation) at HPCL. His professional portfolio includes responsibilities across sourcing, storage, logistics, and sales in various capacities at Bharat Petroleum Corporation Limited (BPCL).
Earlier this year, the Public Enterprises Selection Board (PESB) had conducted interviews for the CMD position but declared in June that no candidate met the suitability criteria for the role. The board subsequently advised the ministry to explore alternative options for appointing a candidate.
Garg’s prior roles also include serving as a full-time director with Indraprastha Gas Limited, India’s largest city gas distribution company, and as a nominee director with Maharashtra Natural Gas Limited, a BPCL-GAIL joint venture. He holds a postgraduate degree in Electronics and Management.
The final approval for Garg’s appointment as CMD will likely be announced after formal clearances. HPCL, one of India’s leading oil marketing companies, has been operating under interim leadership since the retirement of the previous CMD.
The development marks a significant step toward stabilizing leadership at HPCL, as the company faces the dual challenges of maintaining its operational efficiency and navigating evolving energy sector dynamics.
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