Indian Oil Corporation Limited — Others, 13-11-2024: Change in Director(s)

Shri Arvinder Singh Sahney has been appointed as the Chairman of Indian Oil Corporation Limited, effective immediately. He succeeds Shri V. Satish Kumar, who held the role on an additional charge. Sahney, a Chemical Engineer with over 30 years of experience in the Refinery and Petrochemical sector, has played a key role in various significant projects, including the Paradip Refinery. His leadership is expected to drive innovation and operational excellence within the company. Investors may view this transition positively, anticipating a strengthened strategy in India's energy sector, enhancing long-term growth prospects.