+
V Satish Kumar takes additional charge as IndianOil chairman
OIL & GAS

V Satish Kumar takes additional charge as IndianOil chairman

V Satish Kumar has assumed the additional role of Chairman at Indian Oil Corporation Limited (IndianOil), while continuing as Director (Marketing), a position he has held since October 2021. Kumar, who brings 35 years of experience to the table, also served as Director (Finance) for a year beginning in October 2022, during a period marked by the geopolitical challenges of the Ukraine-Russia conflict.

Kumar has been instrumental in leading IndianOil’s marketing operations nationwide, ensuring uninterrupted petroleum supplies even amid natural disasters and other disruptions. Under his leadership, IndianOil achieved its highest physical performance in the last three years, becoming a market leader in the sales of high-octane fuels, green lubricants, and clean energy solutions like E-mobility and bio-fuel blends.

During his tenure, IndianOil modernised its retail outlets, expanded its infrastructure with new bottling plants, and established large retail outlets with wayside amenities along highways. The company's brand strength also improved, with IndianOil ranking 3rd among top oil and gas companies worldwide in 2023.

A Mechanical Engineer with a postgraduate degree in Management from the University of Ljubljana, Slovenia, Kumar has extensive experience across various regions in India and in collaboration with multinational oil companies. As Chairman, he is expected to continue driving IndianOil’s growth with a focus on sustainability.

(ET)

V Satish Kumar has assumed the additional role of Chairman at Indian Oil Corporation Limited (IndianOil), while continuing as Director (Marketing), a position he has held since October 2021. Kumar, who brings 35 years of experience to the table, also served as Director (Finance) for a year beginning in October 2022, during a period marked by the geopolitical challenges of the Ukraine-Russia conflict.Kumar has been instrumental in leading IndianOil’s marketing operations nationwide, ensuring uninterrupted petroleum supplies even amid natural disasters and other disruptions. Under his leadership, IndianOil achieved its highest physical performance in the last three years, becoming a market leader in the sales of high-octane fuels, green lubricants, and clean energy solutions like E-mobility and bio-fuel blends.During his tenure, IndianOil modernised its retail outlets, expanded its infrastructure with new bottling plants, and established large retail outlets with wayside amenities along highways. The company's brand strength also improved, with IndianOil ranking 3rd among top oil and gas companies worldwide in 2023.A Mechanical Engineer with a postgraduate degree in Management from the University of Ljubljana, Slovenia, Kumar has extensive experience across various regions in India and in collaboration with multinational oil companies. As Chairman, he is expected to continue driving IndianOil’s growth with a focus on sustainability.(ET)

Next Story
Infrastructure Urban

ITCONS Gains on New Rs 3.5 Million Defence Contract

ITCONS E-Solutions is trading at Rs 549.00, up by Rs 12.10 or 2.25 per cent from its previous close of Rs 536.90 on the BSE. The scrip opened at Rs 549.00 and has touched an intraday high and low of Rs 549.00, with 200 shares traded so far.A BSE ‘MT’ group stock with a face value of Rs 10, ITCONS touched its 52-week high of Rs 767.00 on 25 September 2024 and a 52-week low of Rs 166.70 on 5 August 2024. Over the past week, the stock has fluctuated between Rs 560.00 and Rs 510.60. The company's current market capitalisation stands at Rs 3.3 billion.Promoters hold 58.22 per cent of the compan..

Next Story
Infrastructure Urban

Delhi Extends EV Policy Till March 2026

The Delhi government has extended its existing Electric Vehicle (EV) Policy until 31 March 2026, or until a revised version is approved. The decision was made during a Cabinet meeting chaired by Chief Minister Rekha Gupta on Tuesday.According to Transport Minister Pankaj Kumar Singh, the draft of the new policy will undergo broader public consultation before being finalised, prompting the extension to allow time for thorough stakeholder engagement.The consultation process will include inputs from citizens, environmental groups, academic institutions, industry experts, and private firms. Key fo..

Next Story
Infrastructure Urban

Ather Crosses 400 Fast Chargers in Maharashtra

Electric two-wheeler manufacturer Ather Energy announced on Thursday that it has surpassed 400 fast charging points under its Ather Grid network across Maharashtra.The company's fast charging infrastructure now spans 35 cities in the state, including key urban centres such as Mumbai, Nashik, Pune, and Nagpur."Crossing 400 fast chargers in the state is about giving riders the assurance that they'll always find a charger when they need one. As we expand our retail presence, the charging network will continue to grow in tandem to make EV ownership truly seamless," said Ravneet Singh Phokela, Chie..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?