Current Vacancy - Mangalore Refineries & Petrochemicals Limited
Current Vacancy - Mangalore Refineries & Petrochemicals Limited
Designation: Managing Director
Job Description:
The Public Enterprises Selection Board (PESB) is seeking qualified candidates for the post of Managing Director, Mangalore Refineries & Petrochemicals Limited
Scale of pay of the post being Rs.75,000-90,000/-.(Revised)
Qualification: The applicant should be a graduate with good academic record from a recognised university/institution. He should possess adequate experience at a senior level of management in a large organisation of repute.
Persons preferably with Technical/MBA qualifications and experience in management and familiarity with Finance, Marketing/Production will have added advantage. Knowledge of Petroleum/Refinery Industry is desirable.
Age Limit: On the date of occurrence of vacancy
(i) Minimum 45 years.
(ii) Not more than 58 years for internal candidates and not more than 57 years for others. The age of superannuation is 60 years.
Company Profile :
Before acquisition by ONGC in March 2003, MRPL, was a joint venture Oil Refinery promoted by M/s Hindustan Petroleum Corporation Limited (HPCL), a public sector company and M/s IRIL & associates (AV Birla Group). MRPL was set up in 1988 with the initial processing capacity of 3.0 Million Metric tonnes per annum that was later expanded to the present capacity of 11.82 Million Metric tonnes per annum. The Refinery was conceived to maximise middle distillates, with capability to process light to heavy and sour to sweet Crudes with 24 to 46 API gravity. On 28th March 2003, ONGC acquired the total shareholding of A.V. Birla Group and further infused equity capital of Rs.600 crores thus making MRPL a majority held subsidiary of ONGC. The lenders also agreed to the Debt Restructuring Package (DRP) proposed by ONGC, which included, interalia, conversion upto Rs 365 crore of their loans into equity. Subsequently, ONGC has acquired equity allotted to the lenders pursuant to DRP raising ONGC's holding in MRPL to 71.62 percent.
The implementation of DRP in March 2003 within 4 weeks of acquiring equity in MRPL by ONGC has changed the credit profile of the company. ICRA has assigned A1+ rating (indicating highest safety) to the Short Term Borrowing programme of MRPL on a standalone basis
Desired Profile:
How to apply: Applications are to be addressed to DR. (MRS) P. S. BEHURIA, Secretary, Public Enterprises Selection Board, Public Enterprises Bhawan, Block No. 14, CGO Complex, Lodhi Road, New Delhi-110003. Last date of receipt of applications in PESB is 16th August , 2011. No application shall be entertained under any circumstances after the stipulated date. Incomplete applications are liable to be REJECTED.
Last Date: 16 August 2011
Education: Graduate, MBA
Location : New Delhi
For More Information: Click Here
Job Description:
The Public Enterprises Selection Board (PESB) is seeking qualified candidates for the post of Managing Director, Mangalore Refineries & Petrochemicals Limited
Scale of pay of the post being Rs.75,000-90,000/-.(Revised)
Qualification: The applicant should be a graduate with good academic record from a recognised university/institution. He should possess adequate experience at a senior level of management in a large organisation of repute.
Persons preferably with Technical/MBA qualifications and experience in management and familiarity with Finance, Marketing/Production will have added advantage. Knowledge of Petroleum/Refinery Industry is desirable.
Age Limit: On the date of occurrence of vacancy
(i) Minimum 45 years.
(ii) Not more than 58 years for internal candidates and not more than 57 years for others. The age of superannuation is 60 years.
Company Profile :
Before acquisition by ONGC in March 2003, MRPL, was a joint venture Oil Refinery promoted by M/s Hindustan Petroleum Corporation Limited (HPCL), a public sector company and M/s IRIL & associates (AV Birla Group). MRPL was set up in 1988 with the initial processing capacity of 3.0 Million Metric tonnes per annum that was later expanded to the present capacity of 11.82 Million Metric tonnes per annum. The Refinery was conceived to maximise middle distillates, with capability to process light to heavy and sour to sweet Crudes with 24 to 46 API gravity. On 28th March 2003, ONGC acquired the total shareholding of A.V. Birla Group and further infused equity capital of Rs.600 crores thus making MRPL a majority held subsidiary of ONGC. The lenders also agreed to the Debt Restructuring Package (DRP) proposed by ONGC, which included, interalia, conversion upto Rs 365 crore of their loans into equity. Subsequently, ONGC has acquired equity allotted to the lenders pursuant to DRP raising ONGC's holding in MRPL to 71.62 percent.
The implementation of DRP in March 2003 within 4 weeks of acquiring equity in MRPL by ONGC has changed the credit profile of the company. ICRA has assigned A1+ rating (indicating highest safety) to the Short Term Borrowing programme of MRPL on a standalone basis
Desired Profile:
How to apply: Applications are to be addressed to DR. (MRS) P. S. BEHURIA, Secretary, Public Enterprises Selection Board, Public Enterprises Bhawan, Block No. 14, CGO Complex, Lodhi Road, New Delhi-110003. Last date of receipt of applications in PESB is 16th August , 2011. No application shall be entertained under any circumstances after the stipulated date. Incomplete applications are liable to be REJECTED.
Last Date: 16 August 2011
Education: Graduate, MBA
Location : New Delhi
For More Information: Click Here
