Excelsior Correspondent
JAMMU, Oct 15: Shrikant Madhav Vaidya has taken over as the Director Refineries of IndianOil—India’s highest ranked Public Sector Enterprise in ‘Fortune 500’ global listing.
He is also a Director on the board of Chennai Petroleum Corporation Ltd. (CPCL) & the 60 MMTPA West Coast Refinery and Petrochemicals Project, the world’s largest grass root refinery project, coming up in Maharashtra.
Vaidya now spearheads the business & operations of nine refineries & petrochemical plants of IndianOil. With a robust Refineries Division, IndianOil (including its group companies) remains the nation’s top refiner with a group refining capacity of 80.7 million tonnes per annum/161.4 million barrels per day.
Prior to his elevation, Vaidya was heading the Operations Department of the Refineries Division, ensuring healthy gross refining margins, smooth supply of products and eco-friendly business operations. During his tenure, the Refineries Division registered a record performance on all major physical parameters. He also steered the timely roll-out of BS-VI grade auto fuels in NCR, and has expanded green energy options with bio-fuel & ethanol-blended fuel related projects in refineries.
SM Vaidya has also led IndianOil’s 8 MMTPA Mathura Refinery, and his dynamic tenure saw the introduction of innovative initiatives for greater sustainability and profitability.
With a strong technological prowess, business acumen and people-centric leadership style, Vaidya nurtures a strong vision of leveraging technology, innovative & sustainable solutions for the company’s transformation into an integrated energy major.
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