Gov't of India appoints Prof. Pandey board member
Professor I M Pandey (right), Dean, School of Management, has been appointed by the Government of India as a Board Member of Hindustan Petroleum Corporation Limited (HPCL). HPCL is India's second-largest oil refiner and accounts for more than 20% of the country's total refining capacity.
The Indian government owns 51% of the company, which was established in 1974. HPCL earned a revenue of INR11.5 billion in 2004, and its market capitalisation is about INR55 billion. Professor Pandey also sits on the Boards of Directors of Industrial Finance Corporation of India and Cochin Shipyard Company.
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