Want to Lead India’s Multi-Million Tonne Energy Vaults? ISPRL Announces Massive Openings for CEO & MD and Deputy CEO with Lucrative Pay Packages
If you are a high-flying corporate leader, a seasoned public sector executive, or a senior bureaucrat looking for the ultimate career milestone, this might just be the biggest opportunity of the year.
The Indian Strategic Petroleum Reserves Limited (ISPRL)—the elite body tasked with securing India’s crude oil lifeline—has rolled out an official hiring notification inviting applications for its top two executive positions: Chief Executive Officer & Managing Director (CEO & MD) and Deputy Chief Executive Officer (Deputy CEO).
Offering top-of-the-scale remuneration reaching up to ₹3,40,000 per month alongside plum government perks, these roles place the selected candidates right at the steering wheel of the country's energy security.
At a Glance: Key Recruitment Highlights
| Feature | Details |
| Hiring Organization | Indian Strategic Petroleum Reserves Limited (ISPRL) |
| Parent Body / Ministry | Subsidiary of Oil Industry Development Board (OIDB), Ministry of Petroleum & Natural Gas, Govt. of India |
| Positions Advertised | 1. Chief Executive Officer & Managing Director (CEO & MD) 2. Deputy Chief Executive Officer (Deputy CEO) |
| Official Notification Ref. | ISPRL/HR/Vacancy/26-27 (CBC 33114/15/0001/2627) |
| Date of Vacancy | August 10, 2026 |
| Advertisement Date | August 15, 2026 |
| Last Date to Apply | September 15, 2026 |
| Job Location | Noida (Uttar Pradesh) / New Delhi |
| Mode of Application | Offline / Postal (through proper channel for serving candidates) |
| Official Website | www.isprlindia.com |
About ISPRL: India’s Giant Underground Energy Shield
| Aspect | Information & Strategic Mandate |
| Entity Profile | ISPRL is a Special Purpose Vehicle (SPV) functioning as a subsidiary of the Oil Industry Development Board (OIDB) under the Ministry of Petroleum & Natural Gas. |
| Headquarters | OIDB Bhawan, Sector-73, Noida, Uttar Pradesh. |
| Core Mission | Construction, maintenance, and operation of Strategic Crude Oil Storage facilities across the country to safeguard India against global supply shocks. |
| Phase-I Infrastructure | Manages 5.33 Million Metric Tonnes (MMT) of underground crude storage across three strategic locations: • Visakhapatnam (Andhra Pradesh) • Mangalore (Karnataka) • Padur (Karnataka) |
| Phase-II Expansion | Developing additional Commercial-cum-Strategic Petroleum Reserves under the Public-Private Partnership (PPP) model on a Design, Built, Finance, Operate, and Transfer (DBFOT) basis. |
Role Profiles, Pay Scales & Contract Tenure
Both vacancies offer top-tier compensation packages aligned with the Department of Public Enterprises (DPE) guidelines for Schedule ‘A’ Central Public Sector Enterprises (CPSEs).
| Parameter | Post 1: Chief Executive Officer & Managing Director (CEO & MD) | Post 2: Deputy Chief Executive Officer (Deputy CEO) |
| Board Standing | Appointed by the Board; sits as a member on the Board of Directors of ISPRL. | Appointed by the Board; reports directly to the CEO & MD. |
| Pay Scale (IDA) |
₹1,80,000 – ₹3,40,000 (Functional Director / Board-level grade of Schedule 'A' PSU) |
₹1,50,000 – ₹3,00,000 (Executive Director grade of Schedule 'A' PSU) |
| Allowances & Perks | • House Rent Allowance (HRA) • Conveyance Reimbursement • Dearness Allowance (DA) at prevailing rates • Performance-related incentives and board-approved benefits |
• House Rent Allowance (HRA) • Conveyance Reimbursement • Dearness Allowance (DA) at prevailing rates • Performance-related incentives and board-approved benefits |
| Initial Tenure | 3 Years from the date of assuming charge, or until board termination. | 3 Years from the date of assuming charge, or until board termination. |
| Extension Terms | Extendable by up to 2 years subject to mutual consent, satisfactory performance, and Board approval. | Extendable by up to 2 years subject to mutual consent, satisfactory performance, and Board approval. |
| Deputation Rules | For officers from CPSEs, Central Government, or All India Services: 3 years (extendable by 2 years) or until superannuation. After superannuation, engagement continues on a contract basis for the remaining tenure. | For officers from CPSEs, Central Government, or All India Services: 3 years (extendable by 2 years) or until superannuation. After superannuation, engagement continues on a contract basis for the remaining tenure. |
| Termination Clause | 3 months' notice by either party, or payment of 3 months' salary in lieu of notice. | 3 months' notice by either party, or payment of 3 months' salary in lieu of notice. |
Key Responsibilities: What Will You Be Doing?
| Role | Key Deliverables & Core Responsibilities |
| CEO & Managing Director | • Provide overall strategic leadership to fulfill ISPRL’s statutory mandate and government policies. • Serve as the principal link between ISPRL’s executive management and the Board of Directors. • Spearhead India's strategic reserve expansion: site selection, engineering evaluations, and ministerial approvals. • Ensure 100% operational readiness, safety, asset integrity, and fast evacuation protocols at Visakhapatnam, Mangalore, and Padur caverns. • Drive commercial space utilization through crude oil trading, storage leasing, and offtake pacts. • Steer Phase-II mega-projects under the PPP/DBFOT framework. • Foster bilateral energy diplomacy with foreign governments, national oil corporations, and international energy institutions. • Maintain full compliance with the MoA, AoA (Clause 73), and regulatory bodies. |
| Deputy CEO | • Assist the CEO in converting long-term policy into actionable ground operations and performance targets. • Day-to-day oversight and operational monitoring of all Phase-I crude storage sites. • Supervise crude commercialisation, off-take arrangements, and seamless coordination with domestic refiners. • Drive project management, milestone tracking, and bottleneck resolution for Phase-II projects. • Lead technical engineering appraisals and feasibility studies for new storage facilities. • Coordinate international partnerships and engagements with overseas strategic reserve entities. • Act as internal coordinator across technical, commercial, finance, legal, and HR wings. • Step in as Acting CEO in the absence of the CEO & MD. |
Eligibility Criteria: Age, Qualifications & Experience
Applicants from Public Sector Enterprises, the Civil Services, and the Private Sector are eligible to apply provided they meet the benchmarks outlined below:
1. Age Limit & Educational Qualifications
| Criteria | CEO & MD | Deputy CEO |
| Upper Age Limit |
62 Years (as on 10.08.2026). (Relaxable by the Search Cum Selection Committee for deserving cases) |
61 Years (as on 10.08.2026). (Relaxable by the Search Cum Selection Committee for deserving cases) |
| Recent Retirees | Considered if retired within 24 months prior to 10.08.2026. | Considered if retired within 12 months prior to 10.08.2026. |
| Nationality | Indian Citizen | Indian Citizen |
| Essential Degree | Graduate in Engineering from a recognized Indian University/Institution (preferably Mechanical / Chemical / Civil Engineering). | Graduate in Engineering from a recognized Indian University/Institution (preferably Mechanical / Chemical / Civil Engineering). |
| Desirable Degree | Master of Business Administration (MBA) or PGDM. | Master of Business Administration (MBA) or PGDM. |
2. Experience & Sector-Wise Eligibility Breakdown
| Sector / Stream | Post 1: CEO & MD Requirements | Post 2: Deputy CEO Requirements |
| Overall Industry Experience (Option A) | • Total experience: Minimum 20 Years • Oil & Gas Project Management: Minimum 15 Years (Petroleum Refineries, Petrochemicals, Pipelines, Underground Storage, Gas Processing, or Exploration) • International crude trade experience is desirable. |
• Total experience: Minimum 20 Years • Oil & Gas Project Management: Minimum 15 Years (Petroleum Refineries, Petrochemicals, Pipelines, Underground Storage, Gas Processing, or Exploration) • International crude trade experience is desirable. |
| Government Service Track (Option B) | • Total Government experience: Minimum 17 Years • Large Project Management/Execution: Minimum 10 Years • Exposure to the Oil & Gas sector is preferred. |
• Total Government experience: Minimum 13 Years • Large Project Management/Execution: Minimum 7 Years • Exposure to the Oil & Gas sector is preferred. |
| PSU Cadre Eligibility | Serving or recently retired (within 24 months) regular employee at Board Level (Functional Director) in a Schedule 'A' PSU with proven mega-project leadership. | Serving or recently retired (within 12 months) regular employee at Executive Director (ED) level in a Schedule 'A' PSU with demonstrated mega-project leadership. |
| Govt / All India Services | Must be holding a post of Joint Secretary (JS) or equivalent (Pay Level 14) as on 10.08.2026. | Must be holding a post of Director or equivalent (Pay Level 13) as on 10.08.2026. |
| Private Sector Candidates | • Minimum 25 years post-qualification experience • At least 15 years in Oil & Gas Project Management • Must be a Board Level Executive in an enterprise listed on a stock exchange with an annual turnover exceeding ₹750 Crores. |
• Minimum 20 years post-qualification experience • At least 15 years in Oil & Gas Project Management • Must be reporting directly to the Board (one level below Board) in a listed company with an annual turnover exceeding ₹750 Crores. |
Selection Process & Application Instructions
The hiring is handled through a dedicated Search Cum Selection Committee (SSC). Applications must be submitted in the prescribed format with all supporting documentation before the closing date.
| Step / Detail | Instructions for Candidates |
| Shortlisting Authority | The Search Cum Selection Committee reserves the sole right to shortlist candidates for interview and formulate its own shortlisting criteria. |
| Application Format | Download the official 4-page application format from the ISPRL portal www.isprlindia.com or as attached to the vacancy circular. |
| Key Form Fields | • Personal and contact coordinates • Age as on 10.08.2026 • Chronological details of all employment (Designation, Pay Scale, Nature of Experience) • Relevant experience write-up (Optional write-up up to 2 pages allowed) • Declarations on lien, deputation status, disciplinary inquiries, or penalties in the past 10 years. |
| Official Endorsements (For Serving Govt/PSU Staff) | Must be routed through the proper channel with an official certificate from the Employer/Forwarding Authority confirming: 1. Authenticity of details & vigilance clearance 2. Integrity certificate 3. Attested copies of ACRs/APARs for the last 5 years 4. Penalty certificate for the last 10 years 5. Formal "No Objection Certificate" (NOC). |
| Postal Submission Address |
Head (Human Resources) Indian Strategic Petroleum Reserves Limited (ISPRL), OIDB Bhawan, Plot No. 2, 3rd Floor, Sector-73, Noida - 201301 (Uttar Pradesh) |
| Envelope Endorsement | Must be superscribed boldly with: “Application for the post of [Name of Post Applied For]” |
| Application Deadline | September 15, 2026 (Incomplete applications or blank columns will lead to immediate rejection). |
ISPRL Leadership Recruitment 2026 – (FAQs)
ISPRL is recruiting for two top executive positions: Chief Executive Officer & Managing Director (CEO & MD) and Deputy Chief Executive Officer (Deputy CEO).
The completed physical application must reach ISPRL’s Noida office by September 15, 2026.
• CEO & MD: Pay scale of ₹1,80,000 – ₹3,40,000 (Schedule ‘A’ Functional Director grade).
• Deputy CEO: Pay scale of ₹1,50,000 – ₹3,00,000 (Schedule ‘A’ Executive Director grade).
• Both posts are eligible for HRA, Conveyance, DA, and performance incentives.
Yes. Candidates from the private sector are eligible if they meet the following criteria:
• CEO & MD: Minimum 25 years total post-qualification experience (15 years in Oil & Gas Project Management) and currently a Board-level Executive in a listed company with turnover > ₹750 crore.
• Deputy CEO: Minimum 20 years total post-qualification experience (15 years in Oil & Gas Project Management) and reporting directly to the Board (one level below Board) in a listed company with turnover > ₹750 crore.
• CEO & MD: Up to 62 years as on August 10, 2026.
• Deputy CEO: Up to 61 years as on August 10, 2026.
(Age limits are relaxable at the discretion of the Search Cum Selection Committee for deserving cases).
Yes.
• For CEO & MD: Candidates who retired not more than 24 months prior to August 10, 2026.
• For Deputy CEO: Candidates who retired not more than 12 months prior to August 10, 2026.
• Essential: Bachelor’s Degree in Engineering from a recognized Indian university/institution (preferably in Mechanical, Chemical, or Civil Engineering).
• Desirable: MBA or PGDM.
The initial contract/deputation tenure is 3 years, extendable by up to 2 additional years based on mutual consent, performance, and Board approval.
The positions are based at ISPRL's Corporate Office in Noida (Uttar Pradesh) / New Delhi.
Send the duly filled form along with self-attested documents/ACRs in an envelope superscribed “Application for the post of [Name of Post]” to:
Head (Human Resources)
Indian Strategic Petroleum Reserves Limited (ISPRL),
OIDB Bhawan, Plot No. 2, 3rd Floor,
Sector-73, Noida – 201301 (Uttar Pradesh).
