Narang replaces K. Vinod, who had been serving as CFO since 11 September 2024.

Rajneesh Narang, a seasoned finance professional and chartered accountant, currently holds the position of director—finance at HPCL. Notably, he previously served as the company’s CFO from 22 March 2022 to 10 September 2024 before K. Vinod’s appointment.

The company clarified that Narang is not related to any of HPCL’s directors. This leadership change comes as HPCL continues to strengthen its financial strategies and growth initiatives in India’s dynamic energy sector.

HPCL is engaged in the business of refining crude oil and marketing petroleum products. It operates through two segments: downstream and exploration and production of hydrocarbons.

The company’s standalone net profit zoomed 471.4% to Rs 3,022.90 crore in Q3 FY25 as against Rs 529.02 crore posted in Q3 FY24. Net sales (excluding excise duty) shed by 0.8% year on year (YoY) to Rs 109,979.59 crore in the December 2024 quarter.