Gupta is currently Group General Manager at state-owned company PDIL.
He has been shortlisted by the Public Enterprises Selection Board (PESB) out of the 11 candidates who appeared for the interview for HIL CMD's post.
The final call on Gupta's appointment will be taken by the Fertiliser Ministry after due vigilance clearance, a source said.
HIL was incorporated in March 1954 for supplying DDT for the National Malaria Eradication Programme.
Subsequently, the company diversified into agro pesticides to meet the requirements of agriculture sector. The firm has grown manifold with a turnover of about Rs 340 crore in the last financial year.
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