Ajay Kumar beats six to win BPRL interview

Vol 20, PW 18 (01 Jun 17) People & Policy
     

Exactly two years after his arrival at Bharat PetroResources from ONGC Videsh director operations and business development Ajay Kumar V is set to become the company's new managing director.

Kumar fought off six rival challengers on May 16 to emerge winner during interviews from 10am to 2.30pm at the PESB in Delhi. Others interviewed were BPCL executive directors Indumukhi Srinivas Rao and Veeraraghavan Anand, BPRL director finance Pankaj Kumar, BPRL president assets and services Milind S.

Patke, Oil India general manager Pawan Kumar and National Hydro Power Corporation general manager Kishor Kumar. If and when Kumar clears vigilance checks and political hurdles before his formal announcement as BPRL's new managing director he can expect a daunting job ahead.

According to company figures BPRL is nursing a consolidated loss of Rs248.31cr ($37.32m) in 2015-16 blamed on the relinquishment of junk E&P assets acquired by his illustrious predecessor D. Rajkumar whose glowing face still adorns the company website - eight months after he moved up the greasy pole to parent company BPCL as chairman on October 1, 2016.

By contrast Kumar's face is nowhere to be seen among fellow directors. Aged 58, Kumar joined BPRL on May 21, 2015 as director operations and BD for five years until March 31, 2020.

At OVL, he was general manager for eight years from 2007 to 2015 overseeing some of the company's 38 assets across 17 countries.

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