What is the salary of CMD of BPCL? Work Profile & Reponsibilities

Bharat Petroleum Corporation Limited is a Maharatna company running since 1871. The company has grown since then as mentioned below:
Year Name of the company Area Governing Authority
1871 - 1886 Chef Rohit Oil Company Scotland British
1889 Rangoon oil company, renamed as BUrmah Oil Assam and Burma British
1928 Asiatic Petroleum Company, incorporated as Burmah-Shell Oil Storage and Distributing Company of India Limited Asia Joint venture of Royal Dutch, Shell and Rothschilds
1950 Burmah shell Maharashtra Government of India
1976 - 77 Bharat Petroleum Corporation Limited INDIA Government of India
2017 Bharat Petroleum Corporation Limited became MAHARATNA INDIA Government of India
Under the government of India, the company has grown from a localised oil company to a Maharatna deving in several industries including Retail, Lubricants, Aviation, Refinery, Gas, I&C and LPG. There majorly are fou refineries operated under BPCL, namely -
Refinery Capacity
Mumbai, Maharashtra 13 million metric tonnes per annum
Kochi, Kerala 15.5  million metric tonnes per annum
Bina, Sagar District, MP 6 million metric tonnes per annum
Numaligarh, Assam 3 million metric tonnes per annum
Sri D Rajkumar took over as the Chairman of such a huge organization in 2016. He has to look after the import-export, production, resource and budget allocation, legal and financial matters to justify his desgination. It is no way an easy job, however, the salary he gets for his endeavours is just.

Annual Compensation

Salary Rs 2,894,577
Bonus Rs 1,731,308
Total Annual Compensation Rs 4,625,885

Stocks Options

All Other Compensation Rs 2,108,374

Total Compensation

Total Annual Cash Compensation Rs 6,734,259
Total Calculated Compensation Rs 6,734,259
Some of the responsibilities he shares at BPCL are:
  1. Focus on exploration, production and development.
  2. Make the investments yield good returns.
  3. Manage eco-system concers along with occupational hazards, thus ensure sustainable development.
  4. Increase the status of the organization from a Maharatna to a Navratna.
  5. Invite oppotunities, sign MoUs, look for feasibile growth opportunities.
  6. Allocate budget to different projects, bring technological revolution at service and keep a track of everything that happends in the company.
  7. Sending a direct report to the ministry and regulating bodies, seek permission/approval from the Centre and State for exploration process.
  8. Manage risks and well as finances. Also utilize modern technology for digitalization of records and services.


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