Leaving their jobs, PSU oil execs
With little scope for growth, officers at state-owned oil companies are trying to secure positions elsewhere.
In October, several senior officers from state-owned oil marketing companies appeared for interviews in other state-owned companies under diverse ministries. "Diversity of experience is good," says an IndianOil source.
"Oil company executives have experience managing huge operations." On October 21 (2024), the PESB recommended IndianOil executive director human resources Tapas Kumar Pattanayak as director human resources at the National Aluminium Company (NALCO).
Pattanayak was chosen over NALCO’s group general manager Amarendra Kumar Mishra and candidates from a range of state-owned companies. "It takes three months for final verification before Pattanayak and others join," says a source.
"By then, the new transfers would be announced, and someone will replace him." Three days earlier, on October 18 (2024), Ruchir Agarwal, executive director finance in R&D at IndianOil, won the role of director finance of SJVN, a hydroelectric generating state-owned company.
Agarwal was chosen over several other qualified candidates from energy companies. On October 5 (2024), GAIL general manager Niraj Priyadershi was chosen from 12 candidates to be director finance at the Central Warehousing Corporation, another state-owned company.
In September 2024, IndianOil CGM business development Mahesh Chander Gupta won the director marketing role at National Fertilizers. Other candidates included a GGM from Engineers India, a GM from IndianOil and a GM from MRPL.