HPCL planning heavy R&D spend

Vol 20, PW 7 (15 Dec 16) News in Brief

After IndianOil, Hindustan Petroleum has also decided it wants to spend heavily on R&D over the next four years and is on a recruitment spree for its new Bengaluru centre, commissioned on October 14, 2016 by oil minister Dharmendra Pradhan.

"We're hiring as we plan to spend at least Rs450cr ($67.64m) on R&D with a focus on alternative and green energy projects in the next four years," says a senior HPCL scientist. Both HPCL and IOC on November 16 issued recruitment ads.

HPCL, which extended the original December 6 application deadline to December 15, wants research associates and project assistants. Candidates with doctorates or a Master's degree in chemistry, microbiology or molecular biology can apply for research associate roles and candidates with a B.

Tech in petroleum refining or chemical engineering can apply for project assistant jobs. Still unclear is how many posts HPCL hopes to fill though our company source says it wants many "good candidates." IOC on the other hand has seven vacancies at its Faridabad R&D centre.