Vikas Kaushal Appointed as HPCL CMD

The government has appointed Vikas Kaushal as the Chairman and Managing Director (CMD) of Hindustan Petroleum Corporation Limited (HPCL) for a tenure of five years. He replaces Rajneesh Narang, who had been serving as the interim CMD since September 1, 2024. Kaushal, a seasoned leader with over three decades of experience in the energy, oil & gas, and power sectors, has played key roles in leading strategic transformations and digital initiatives in major Indian energy companies.

Key Highlights of Vikas Kaushal’s Appointment & Career

Professional Background & Experience

• Over 30 years of experience in energy, oil & gas, and power sectors.
• Previously served as MD & Country Head of Kearney India for five years.
• Twice elected to Kearney’s Global Board of Directors, the only Indian considered for the role.
• Advisor and consultant to HPCL, IndianOil, BPCL, GAIL, and other leading companies.

Education & Academic Credentials

• Chemical Engineering graduate from Panjab University.
• MBA from Indian Institute of Management (IIM), Ahmedabad.

Key Contributions in Oil & Gas Industry

At Indian Oil Corporation (IOC)

• Led a five-year digital transformation program, earning awards for Best Digital Oil Company.
• Spearheaded multiple strategy projects in petrochemicals, gas, and related domains.
• Led Dhruva retail transformation, refinery maintenance transformation, and lubes business cost transformation.

At HPCL

• Established the centralized procurement office, driving cost efficiency and savings.
• Developed petrochemical diversification strategies.
• Led net zero planning for BPCL.

Other Key Contributions

• Implemented corporate planning for NTPC.
• Led reliability-centered maintenance for Tata Power.
• Designed and executed commercial & industrial power sales for a global renewable energy company, leading to 2 GW+ business expansion.

Summary/Static	Details
Why in the news?	Vikas Kaushal Appointed as HPCL CMD
Position	Chairman & Managing Director (CMD), HPCL
Term	Duration 5 years
Predecessor	Rajneesh Narang (interim CMD)
Education	– B.Tech in Chemical Engineering (Panjab University) – MBA (IIM Ahmedabad)
Industry Experience	30+ years in energy, oil & gas, and power sectors
Past Roles	– MD & Country Head, Kearney India – Global Board Member, Kearney – Advisor to HPCL, IOCL, BPCL, GAIL
Key Contributions	– Led IOC’s digital transformation – Spearheaded petrochemical diversification at HPCL – Developed net zero plans for BPCL – Implemented corporate planning for NTPC – Led 2 GW+ business expansion in renewables