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IOCL Chairman Sanjiv Singh Retires, Vaidya Takes Over

The state-owned Indian Oil Corporation (IOCL) on 1 July announced that chairman Sanjiv Singh has superannuated from the services of the company and hence ceased from his position from that day onward. In place of Singh, the company has appointed Shrikant Madhav Vaidya as the new chairman of the company.

 

According to Indian Oil, Vaidya is a Chemical Engineer from the National Institute of Technology, Rourkela has over 34 years of extensive experience in refining and petrochemicals operations. He has had a decade-long association with India’s largest cracker plant - the Panipat Naphtha Cracker Complex, a major driver of IndianOil's petrochemicals business — right from the drawing board stage. He is among the select technocrats in the Indian oil & gas industry who are proficient in all facets of refinery-petrochemicals integration, desirable for the sustainability of the oil & gas industry in the long-term.

 

Vaidya has been on the director post at Indian Oil, and has worked on steering the timely rollout of BS-VI grade auto fuels across the country, commenced supply of IMO-compliant bunker fuel (0.5% Sulphur) and a special winter-grade diesel for the high-altitude regions of the Himalayas, and expanded the Company’s green energy offerings with projects related to biofuels and 2G/3G ethanol-blended fuels at its refineries.

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