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New Delhi, October 15 : Shrikant Madhav Vaidya has taken over as the Director (Refineries) of Indian Oil- 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 ninerefineries & petrochemical plants of Indian Oil. With a robust Refineries Division, Indian Oil (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.
A Chemical Engineer from the National Institute of Technology, Rourkela, SM Vaidya has 33 years of extensive experience in refining & petrochemicals operations. Vaidya has had a decade-long association with India’s largest Cracker Plant-the Panipat Naphtha Cracker Complex-right from its commissioning stage, which is one of the major drivers of IOC’s petrochemicals business. He is among the select technocrats in the Indian oil & gas industry, who isproficient in all the facets of refinery-petrochemicals integration, desirable for the sustainability of the oil & gas industry in the long-term.
Prior to his elevation, Vaidya was heading the Operations Dept. 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 energyoptionswith bio-fuel & ethanol-blended fuel related projects in refineries. Mr. S M Vaidya has also led IndianOil’s8 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 ofleveraging technology, innovative & sustainable solutions for the company’s transformation into an integrated energy major.