PESB Invites Applications for Director Posts at CPCL, Mazagon Dock & Cotton Corporation of India

New Delhi, February 20, 2026: The Public Enterprises Selection Board (PESB) has issued vacancy notices for three key board-level positions in major Public Sector Undertakings (PSUs) under the Ministry of Petroleum and Natural Gas, Ministry of Defence, and Ministry of Textiles. Applications are invited for the post of Director (Operations) at Chennai Petroleum Corporation Limited (CPCL), Director (Corporate Planning & Personnel) at Mazagon Dock Shipbuilders Limited (MDL), and Director (Finance) at The Cotton Corporation of India Limited (CCIL).

The vacancies have been advertised on February 20, 2026, with the last date for online submission of applications by candidates set as March 13, 2026 (3:00 PM). Nodal officers/competent authorities must forward applications to PESB by March 23, 2026 (5:00 PM).

1. Chennai Petroleum Corporation Limited (CPCL) – Director (Operations)

Advt. No.: 25/2026 | Vacancy Date: November 1, 2026

Company Profile:

• Establishment: 1965 (60 years of operation)

• Parent: Group company of Indian Oil Corporation Limited (IOCL)

• Initial Capacity: 2.5 MMTPA | Current Capacity: 10.5 MMTPA

• Strategic Partnership: IOCL markets essential products (LPG, Motor Spirit, Diesel); CPCL directly markets specialty products (Paraffin Wax, MTO, Petrochemical feedstocks)

• Expansion: New 9.0 MMTPA refinery with petrochemical facility as joint venture with IndianOil under progress

• Share Capital: Authorized – ₹1,400 crore; Paid-up – ₹148.91 crore (as on December 31, 2025)

• Employees: 1,418 regular employees (Executives: 747; Non-executives: 671)

• Registered & Corporate Office: Chennai, Tamil Nadu

Post Details:

• Position: Director (Operations)

• Pay Scale: ₹180,000 – ₹340,000 (IDA) – Schedule A

• Age Criteria:

  • Internal Candidates: Minimum 45 years; Maximum – 2 years residual service as on DOV w.r.t. superannuation (60 years)

  • Others: Minimum 45 years; Maximum – 3 years residual service as on DOV w.r.t. superannuation

Job Description:

The Director (Operations) is a member of the Board of Directors and reports to the Managing Director. Responsibilities include:

• Operations and Maintenance of Refinery

• Supporting functions: Power, Utilities, Technical Services

• Health, Safety, Environment (HSE)

• Quality Control and Research & Development

• Joint responsibility with other Functional Directors to meet corporate goals and targets

Eligibility Criteria:

Qualification:

• Engineering Graduate with good academic record from recognized university/institute

• Preference: Chemical / Mechanical / Electrical Engineering

• Added Advantage: MBA/PGDM from recognized institute

Experience:

• Minimum 5 years cumulative technical/operational experience/exposure during last 10 years at senior level in Petroleum Refining in an organization of repute

Employment Status Eligibility:

• CPSE (including full-time functional Director)

• Central Government Group 'A' Officers (including Armed Forces, AIS)

• SPSE with annual turnover of ₹2,000 crore or more

• Private Sector/JVs/Federations with annual turnover of ₹2,000 crore or more (preference to listed companies)

Pay Scale Eligibility (CPSE candidates):

• Eligible scales: Pre-1992 to Post-2017 IDA scales and corresponding CDA levels (Level 14)

• Minimum service: 1 year for internal candidates, 2 years for others in eligible scale as on DOV

For Central Government Officers:

• Must hold Joint Secretary level post or equivalent on substantive basis (NFU/NBR upgradation not eligible)

• Consideration only on immediate absorption basis

For Armed Forces:

• Must hold Major General level or equivalent rank

For SPSE/Private/JVs/Federations:

• Must be working at Board level or at least a post immediately below Board level

2. Mazagon Dock Shipbuilders Limited (MDL) – Director (Corporate Planning & Personnel)

Advt. No.: 26/2026 | Vacancy Date: January 1, 2027

Company Profile:

• Incorporation: Under Indian Companies Act, 1913; taken over by Government of India in 1960

• Status: Schedule 'A' Defence PSU; Navratna status since June 2024

• Business: Building state-of-the-art Warships and Submarines for Indian Navy, Ship Repairs, Exports, Commercial Vessels, and Oil & Gas Sector

• Objectives: Expansion and augmentation of infrastructure for next-generation warships; sustain technology leadership; enhance indigenization under "Make in India"

• Share Capital: Authorized – ₹323.72 crore; Paid-up – ₹201.69 crore (as on March 31, 2025)

• Government Shareholding: 84.83% (as on March 31, 2025)

• Employees: 6,039 regular employees (Executives: 975; Non-executives: 5,064)

• Registered & Corporate Office: Mumbai, Maharashtra

Post Details:

• Position: Director (Corporate Planning & Personnel)

• Pay Scale: ₹180,000 – ₹340,000 (IDA) – Schedule A

• Age Criteria: Same as CPCL Director (Operations)

Job Description:

The Director (Corporate Planning and Personnel) is a member of the Board and reports to CMD. Responsibilities include:

• Preparing short and long-term Corporate Plans

• Marketing Strategy and Export Marketing

• Assessment of capacity utilization and diversification potential

• Personnel functions: organizational planning, performance appraisal, management development, industrial relations

• Planning and execution of Capital Works for infrastructure upgradation

• Management of Company's estate and immovable assets

Eligibility Criteria:

Qualification:

• Engineering Graduate (preferably Mechanical/Electrical/Marine Engineering or Naval Architecture)

• Desirable: Post Graduate in above disciplines or PG Diploma/Degree in Personnel Management/HRM or MBA/PGDM/PGPM

Experience:

• Minimum 5 years cumulative experience during last 10 years in Shipbuilding/Ship Repairs/Submarine sector in organization of repute

• Preferably with one-year experience in preparation of Corporate Plans/Personnel/HR management at senior level

Employment Status Eligibility:

• CPSE (including full-time functional Director)

• Central Government Group 'A' Officers

• SPSE with annual turnover of ₹5,000 crore or more

• Private Sector/JVs/Federations with annual turnover of ₹5,000 crore or more (preference to listed companies)

Pay Scale Eligibility: Same as CPCL Director (Operations)

For Central Government Officers: Same as CPCL

For Armed Forces: Same as CPCL (Major General or equivalent)

For SPSE/Private/JVs/Federations: Must be at Board level or immediately below Board level

3. The Cotton Corporation of India Limited (CCIL) – Director (Finance)

Advt. No.: 27/2026 | Vacancy Date: January 1, 2027

Company Profile:

• Incorporation: 1970 under Indian Companies Act, 1956

• Status: Schedule 'B' Mini Ratna-I CPSE under Ministry of Textiles

• Primary Role: Canalising agency for cotton import; procurement of cotton at Minimum Support Price (MSP) fixed by Government of India

• Share Capital: Authorized – ₹75 crore; Paid-up – ₹25 crore (as on March 31, 2025)

• Government Shareholding: 100%

• Employees: 896 regular employees (Executives: 152; Non-executives: 744)

• Registered & Corporate Office: Mumbai, Maharashtra

Post Details:

• Position: Director (Finance)

• Pay Scale: ₹160,000 – ₹290,000 (IDA) – Schedule B

• Age Criteria:

  • Internal Candidates: Minimum 40 years; Maximum – 2 years residual service as on DOV w.r.t. superannuation (60 years)

  • Others: Minimum 40 years; Maximum – 3 years residual service as on DOV w.r.t. superannuation

Job Description:

The Director (Finance) is a member of the Board and reports to Chairman-cum-Managing Director. Responsibilities include:

• Finance, Budgeting, and Accounts functions

• Formulation and implementation of finance and accounting policies

• Ensuring compliance with all relevant laws

• Suggestion and implementation of system improvements

Eligibility Criteria:

Qualification:

• Chartered Accountant OR Cost Accountant OR full-time MBA/PGDM with Finance specialization

• Preference: Chartered Accountant

Exemption: Officers of Organized Group 'A' Accounts Services (Indian Audit & Accounts Service, Indian Defence Accounts Service, Indian Railway Accounts Service, Indian Civil Accounts Service, Indian P&T Accounts & Finance Service, Indian Cost Accounts Service) and Central Govt/Armed Forces/AIS officers working at appropriate level are exempted from educational qualification if they have relevant experience as per Para 4(ii).

Experience:

• General: Minimum 5 years cumulative experience at senior level during last 10 years in Corporate Financial Management/Corporate Accounts in organization of repute

• For Organized Accounts Services/Central Govt/Armed Forces/AIS:

  • Option A: CA/CMA/MBA(PGDM) with Finance specialization + 5 years experience in Financial Management/Accounts in Government/Corporate Financial Management/Corporate Accounts

  • Option B: At least 5 years cumulative experience at senior level during last 10 years in Corporate Financial Management/Corporate Accounts

Employment Status Eligibility:

• CPSE (including full-time functional Director)

• Central Government Group 'A' Officers

• SPSE with annual turnover of ₹1,000 crore or more

• Private Sector/JVs/Federations with annual turnover of ₹1,000 crore or more (preference to listed companies)

Pay Scale Eligibility (CPSE candidates):

• Eligible scales: Pre-1992 to Post-2017 IDA scales and corresponding CDA levels (Level 13)

• Minimum service: 1 year for internal candidates, 2 years for others

For Central Government Officers:

• Must hold Director level post or equivalent on substantive basis (NFU/NBR not eligible)

• Consideration only on immediate absorption basis

For Armed Forces:

• Must hold Brigadier level or equivalent rank

For Public Sector Banks/Financial Institutions:

• At Board level or immediately below Board level for one year

For SPSE/Private/JVs/Federations:

• At Board level or immediately below Board level

Common Application Process for All Posts

Submission Guidelines:

1. Applications must be submitted online only through PESB website: https://pesb.gov.in/

2. Options:

   • Fill and forward online, OR

   • Fill online, take printout, and send offline

Channel of Submission:

Documents Required (Private/JVs/Federations):

• Annual Reports of last 3 financial years

• Proof of listing (if applicable)

• Evidence of working at Board level or immediately below Board level

• Self-attested copies of age and qualification documents

• Details of relevant jobs handled

Vigilance Clearance:

• Mandatory for all except private company applicants

• 13-point vigilance profile as per CVC circular dated September 6, 2024, must be attached

• Applications forwarded only for candidates clear from vigilance angle

Important Dates:

Undertaking by Applicant:

• Mandatory undertaking to join if selected; otherwise application rejected

• Debarment provisions for unwillingness to join after interview/offer

Address for Correspondence:

Secretary,
Public Enterprises Selection Board,
Public Enterprises Bhawan,
Block No. 14, CGO Complex,
Lodhi Road, New Delhi – 110003

Note: Incomplete applications or applications received after stipulated date will be summarily rejected. Board reserves right to shortlist applicants. All correspondence must be addressed to Secretary, PESB only.