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 Transport

JNPA Becomes First Indian Port to Cross 10 Million TEU Capacity

The Jawaharlal Nehru Port Authority (JNPA), located at Uran in Navi Mumbai, has become the first port in India to achieve over 10 million TEUs (twenty-foot equivalent units) in container handling capacity.With the recent expansion, the port now operates five container terminals with a combined capacity of 10.4 million TEUs, alongside two liquid and two general cargo terminals.Handling more than half of India’s container traffic, JNPA processed 7.05 million TEUs in 2024 and has moved 15.39 million tonnes of containers and 16.64 million tonnes of total cargo in the first two months of FY 2025â..

Next Story
Infrastructure Transport

Nod for Rs. 36.26 billion Expansion of Pune Metro Line 2

The Union Cabinet has approved the Rs.36.26 billion expansion of Pune Metro Line 2, adding 12.75 km of track and 13 new stations to improve east–west connectivity across the city.The project aims to link Pune’s urban core with rapidly growing suburbs, supporting the city’s rising demand for efficient and sustainable transport solutions. This expansion is part of Corridor 2 of the Pune Metro and includes two key routes: Vanaz to Chandani Chowk (Corridor 2A) and Ramwadi to Wagholi/Vitthalwadi (Corridor 2B).It will connect residential, IT, and educational hubs in areas such as Bavdhan, Koth..

Next Story
Infrastructure Transport

Assembly begins for ‘Nayak’ TBM on Thane– Borivali Twin Tunnel Project

The assembly of ‘Nayak’, the first of four Tunnel Boring Machines (TBMs) for the Thane–Borivali Twin Tube Tunnel Project, has commenced at the Thane site. Built by German firm Herrenknecht AG and deployed by Megha Engineering & Infrastructure (MEIL), the TBM marks a key milestone in Mumbai’s ambitious 11.8-km underground road corridor beneath Sanjay Gandhi National Park.The twin tunnels will reduce the Thane–Borivali travel distance by 12 km and decongest Thane Ghodbunder Road. ‘Nayak’, with a 13.2-metre diameter, is designed to bore through challenging geological conditions ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?