Mumbai : In an important development for India’s public sector energy industry, the Public Enterprises Selection Board (PESB) has recommended Srividya Venkataraman for appointment as Director (Finance) at Hindustan Petroleum Corporation Limited (HPCL).
The recommendation was made during PESB Meeting No. 18/2026, held on February 28, 2026, to select a candidate for the top finance role at the Schedule ‘A’ public sector company.
Competitive Selection Process
The PESB evaluated 12 senior finance professionals drawn from leading public sector undertakings across India’s energy and infrastructure sectors. After detailed interactions and assessment, the board selected Venkataraman, who is currently Executive Director (Corporate Treasury) at Bharat Petroleum Corporation Limited (BPCL).
Other candidates included senior executives from HPCL, Indian Oil Corporation Limited, NTPC, GAIL, and other major state-run enterprises, highlighting the highly competitive nature of the selection.
Strengthening HPCL’s Financial Leadership
Industry analysts say Venkataraman’s recommendation comes at a crucial time for HPCL, as the company continues to manage large capital investments, energy transition initiatives, and volatile global oil markets. Her deep experience in corporate treasury, financial planning, and strategic investments is expected to enhance HPCL’s financial discipline and long-term capital strategy.
At BPCL, Venkataraman has held several senior finance roles and is credited with strengthening treasury operations, optimizing funding structures, and supporting major strategic initiatives.
What It Means for the Energy Sector
HPCL is one of India’s largest oil marketing and refining companies and plays a central role in ensuring the country’s energy security. A strong finance leader is seen as essential as the company expands refining capacity, modernizes infrastructure, and aligns with India’s broader energy transition goals.
If approved by the Appointments Committee of the Cabinet, Venkataraman’s appointment is expected to bring continuity, financial stability, and sharper strategic focus to HPCL’s top management, reinforcing investor and stakeholder confidence in one of India’s key energy public sector undertakings.