Arvinder Singh Sahney appointed as chairman of Indian Oil Corporation

AS Sahney helmed Indian Oil Corporation’s petrochemicals business before his appointment as IOC chairman. He succeeds V. Satish Kumar, director of marketing, who had been handling the additional charge of chairman and managing director of the state-run company from September 1.

Sahney has over 30 years of experience in the refinery and petrochemical sector and has worked at five of Indian Oil’s refineries.

As per the state-run oil refinery, Arvinder Sahney was instrumental in conceptualising diverse petrochemical projects including the upcoming Petrochemical Complex at Paradip.

Sahney has been key in commissioning and optimising imperative refinery units, significantly contributing to India’s refining capacity and energy security, as per the company.

“A firm believer in people-centric leadership, Shri Sahney has championed Innovation and Digital transformation as drivers of growth and sustainability. His strategic vision and operational excellence have positioned IndianOil as a global energy major, well-equipped to meet the evolving energy needs of the nation,” Indian Oil said.

The state-run oil refinery was trading at ₹135, down 0.51% (-₹0.69) on the NSE on Thursday, November 14.

Indian Oil has a market capitalisation of ₹1.9 lakh crore, according to the NSE.