New Delhi: 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) and the 60 MMTPA West Coast Refinery and Petrochemicals Project, the world’s largest grass root refinery project, coming up in Maharashtra.
Mr. Vaidya now spearheads the business & operations of ninerefineries & petrochemical plants of Indian Oil. 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.
A Chemical Engineer from the National Institute of Technology, Rourkela, Mr Vaidya has 33 years of extensive experience in refining and petrochemicals operations. Mr. 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 and gas industry, which is proficient in all the facets of refinery-petrochemicals integration, desirable for the sustainability of the oil and gas industry in the long-term.
Prior to his elevation, Mr. 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 energy options with bio-fuel & ethanol-blended fuel related projects in refineries. Mr. S M 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, Mr. Vaidya nurtures a strong vision ofleveraging technology, innovative & sustainable solutions for the company’s transformation into an integrated energy major.