Mr S M Vaidya took over as the Chairman of Indian Oil Corporation Ltd. (IndianOil) on July 1, 2020. Prior to his elevation, he was the Director (Refineries) on the IndianOil Board.
A Chemical Engineer from the National Institute of Technology, Rourkela, Mr. Vaidya has over 34 years of extensive experience in refining & petrochemicals operations. He is among the select technocrats in the Indian oil & gas industry who are proficient in all facets of refinery-petrochemicals integration.
During his tenure as Director (Refineries) and earlier as Executive Director (Refinery Operations) at IndianOil, Mr Vaidya steered several key refinery expansion and petrochemical projects. He also led the timely rollout of BS-VI grade auto fuels across the country, commenced supply of IMO-compliant bunker fuel (0.5% Sulphur) and expanded the Corporation’s green energy offerings with projects related to biofuels and 2G/3G ethanol-blended fuels at its refineries.
With proven technological prowess, future-ready business acumen and people-centric leadership style, Mr Vaidya nurtures a strong vision of leveraging technology and innovative, sustainable fuel solutions for the Corporation's growth as an integrated energy major.
Mr. Vaidya concurrently holds the charge as Non-Executive Chairman on the Boards of Chennai Petroleum Corporation Ltd. (an IndianOil subsidiary), Joint Venture Companies namely, Ratnagiri Refinery & Petrochemicals Ltd., Indian Oiltanking Ltd. and HURL (a fertilizer & chemicals company). He is also a Non-Executive Director on the Board of another IndianOil Joint Venture, Petronet LNG Ltd.