Bharat Petroleum Corporation Limited Appoints Vetsa Rama Krishna Gupta as a New Chairman and MD

2024-10-29 07:22:24 News & Society

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Vetsa Rama Krishna Gupta took over the additional charge of Chairman and Managiy Director of (BPCL) on November 02, 2022. Gupta's elevation as new Chairman and MD came after Arun Kumar Singh was superannuated as CMD on 31st October, 2022.

Rama Krishna Gupta?s Illustrious Career
Vetsa Rama Krishna Gupta has an illustrious career spanning over 24 years at BPCL in various Finance roles. V R K Gupta is also Director Finance BPCL and holds the additional charge of Director Human Resource (HR).
Mr. Gupta joined BPCL in the year 1998 and has an all round experience across Finance functions covering areas like
? COMMERCIAL FINANCE
? CORPORATE ACCOUNTS
? RISK MANAGEMENT
? BUSINESS PLANNING
? BUDGETING
? TREASURY OPERATIONS
As far as Mr. Gupta?s educational background is concerned then he is Bachelor of Commerce and also a member of the Institute of Chartered Accountants of India, 1998 batch.
Rama Krishna Gupta?s Leadership Role in the Company
o As a BPCL?s board member Mr. Gupta played a pivotal role in formulation and implementation of strategy towards sustainable growth for the company. This came in the backdrop of the paradigm shift taking place in the energy sector.
o Under his able leadership BPCL swiftly completed the merger of BORL (Bharat Oman Refinery Limited) and BGRL (Bharat Gas Resource Limited) (wholly owned subsidiaries of BPCL) with BPCL. It was a smooth amalgamation of BORL and BGRL employees into the BPCL family.
Rama Krishna Gupta?s Vision for the Company
? Mr. Gupta?s governing philosophy is growth with governance, driven by a mixture of vision, agility, efficiency and innovation for long term value generation for the company.
? Mr. Gupta is a fan of ongoing energy transition and wants to take it as an opportunity to explore, develop and discover new avenues of growth. This makes the BPCL future ready in different ways.
? He is a big advocate of digitalization and wants massive scale digital transformation of the company. Digitization is going to reinforce trust, convenience and personalization for customers.
BPCL - India?s Second Largest OMC
BPCL is a Fortune 500 company and India?s second largest Oil Marketing Company (OMC). BPCL is engaged with refining of crude oil and marketing of petroleum products with a significant presence in the upstream and downstream sectors of oil and gas industry.
BPCL attained Maharatna status having greater operational and financial autonomy.

BPCL EXISTING INFRASTRUCTURE
? Currently BPCL has three oil refineries in India, Mumbai, Kochi and Bina, MP with a combined refining capacity of around 35.3 MMTPA.
? BPCL?s marketing infrastructure has a network of installations, depots, energy stations, aviation service stations and LPG distributors.
? BPCL?s distribution network comprises over 20,000 Energy stations, over 6200 LPG distributorships, 733 Lubes distributorships and 123 POL storage locations, 54 LPG bottling plants, 60 Aviation Service Stations, 4 Lube Blending plants and 4 Cross country pipelines.

BPCL?S COMMITMENT FOR ACHIEVING NET ZERO EMISSIONS
BPCL as a corporation is committed to the cause of climate change. They want to achieve zero emissions by the year 2050.
BPCL is integrating its strategy, investments, environmental and social ambitions to move towards a sustainable planet. Some of the green initiatives planned by BPCL are.
? In next 5 years BPCL is planning to offer electric vehicle EV charging stations at over 7000 energy stations
? BPCL is developing a vibrant ecosystem and a roadmap to become a Net Zero Company by 2040 in Scope 1 and Scope 2 emissions.
? In July 6, 2022 BPCL invited bids for the development of a 5 MW electrolyzer for production of green hydrogen and hydrogen blending with natural gas in their city gas distribution network.
? BPCL will invest Rs 1.4 Lakh Crore in next 5 years in petrochemical, city gas and clean energy.
GIVING BACK TO SOCIETY ? BPCL?S LONG HISTORY OF CORPORATE SOCIAL RESPONSIBILITY (CSR)
BPCL is partnering with communities to fulfill its corporate social responsibilities. Some of its CSR initiatives are
? Project BOOND is a first of its kind Water conversation project that is transforming Indian Rural Landscape.
? BPCL?s CSR activities in education sector are projects like Akshar, Saksham, Nirmaan etc.
? Community Development project like Swachh Bharat Abhiyan that includes health and hygiene of the communities.