Shrikant Madhav Vaidya

Indian Oil Corporation Limited


Mr. Shrikant Madhav Vaidya heads Indian Oil Corporation Ltd., India’s largest oil refiner and fuel retailer and the top ranked Public Sector company in the Fortune India list. He took over the reins of the ‘Fortune 500’ energy company in July this year, at a time when the world and the businesses have been witnessing widespread turbulence and transformation. A Chemical Engineer, Mr. Vaidya has been with IndianOil for nearly 34 years now. He’s a passionate refiner who has worked from the drawing board to the commissioning of a world scale Cracker plant – the Panipat Naphtha Cracker Complex. He is counted among the select technocrats in the Indian oil & gas industry proficient in the full spectrum of refinery-petrochemicals integration. Mr. Vaidya concurs with IndianOil’s national mandate of playing a frontline role in the country’s energy security. Under his leadership, IndianOil is looking at fortifying its core strength and strengthening petrochemicals intensity, while adding greener energy offerings, including renewables, for its large, diverse customer base. He’s also an ardent believer in the power of innovation, leveraging technology and R&D prowess for driving growth. A people’s person, Mr. S M Vaidya believes in motivating and engaging with the teams and remains a firm votary of responsible growth and environmental stewardship for a better world.

Additional Responsibilities:

Mr. Vaidya is the Non-Executive Chairman of Chennai Petroleum Corporation Ltd. (a Subsidiary of IndianOil), Ratnagiri Refinery & Petrochemicals Ltd., Indian Oiltanking Ltd. & Hindustan Urvarak & Rasayan Ltd. (Joint Venture Companies). He is also a Non-Executive Director on the Board of Petronet LNG Ltd. (a Joint Venture Company).

SESSIONS WITH Shrikant Madhav Vaidya

Monday, 1 March

  • 11:50am - 12:20pm (CST) / 01/mar/2021 05:50 pm - 01/mar/2021 06:20 pm


    Oil & Gas: What kind of recovery?

    Panel Markets/Economics/Strategy Downstream/Midstream/Chemicals Upstream Oil & Gas Finance & Investment/Trading & Risk Management

    The COVID pandemic collapsed oil and gas demand in 2020, and some believe that energy transition and ESG financial pressures may challenge future demand. Oil and gas producers globally are racing to reduce costs and emissions. Still, investors have fled from hydrocarbon assets, and sustained low investment could constrain supply capacity to meet demand. What are the implications for price swings, investment patterns and company strategies? Will the financial sector shape the future of this recovery?