Shrikant Madhav Vaidya becomes new chairman of IOC

Shrikant Madhav Vaidya took charge as the new chairman of Indian Oil Corporation (IOC). Prior to this, he was the Director (Refineries) on the IOC Board, since October 2019. He will replace Sanjiv Singh, who retired on June 30.

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Vaidya will also be the chairman of Chennai Petroleum Corporation Ltd, a stand-alone refining subsidiary of IOC, and Indian Oiltanking Ltd, a joint venture providing terminalling services. He will also take over as the head of Ratnagiri Refinery & Petrochemicals Ltd and also be a director on the board of Petronet LNG Ltd. He has had a decade-long association with India’s largest cracker plant—the Panipat Naphtha Cracker Complex.

Important takeaways for all competitive exams:

• Indian Oil Corporation Headquarters: New Delhi.
• Indian Oil Corporation established: 1959.

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