BPCL plans to expand board

Due to the Maharatna status, the company will be able to raise cheaper funds

Having received the Maharatna status, state-run oil marketing company Bharat Petroleum Corporation (BPCL) could look to add new roles at board level with business development being one of them, given the thrust the company is laying on expanding its global business.

“With the Maharatna status conferred upon us, the government has opened up the leadership pipeline for the company. The kind of global expansion the company is looking to have, there is need to have a business development official at the board level,” D Rajkumar, chairman and managing director, told Business Standard at a press meet after the company’s annual general