The Core Report

Indian Oil is diversifying its energy portfolio, with renewed focus on renewables like solar and wind. Watch Shrikant Madhav Vaidya, Chairman IOCL, on the core report as he speaks about the company’s seamless transition in to a green future. While acknowledging the global consensus at COP 28  to move away from coal, oil, and natural gas,Vaidya emphasises that the transition in India must consider its rapid economic growth and need for energy security.

Indian oil is actively involved in renewable energy projects, including solar, wind, and biofules. It is actively engaging in the startup ecosystem whilst encouraging growth in innovation. Indian oil is committed to green hydrogen, with plans for hydrogen consumption in refineries and deployment of green hydrogen buses.

Mr Shrikant Madhav Vaidya heads the Fortune-500 Indian energy behemoth Indian Oil Corporation Ltd (IndianOil), India's largest oil refiner and fuel retailer. In March 2023, he was named as the top Indian CEO and # 81 globally in the CEO WORLD Magazine's list of Most Influential global CEOs.

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