Mumbai, February 1, 2025 – Indian Oil Corporation Limited (NSE: IOC, BSE: 530965, ISIN: INE242A01010) has announced key changes in its senior management team following the superannuation of several executives as of January 31, 2025.
Senior Management Departures:
The company disclosed the following retirements from its executive leadership:
S.N.
Name
Designation
1
Shri Dipak Kumar Basu
Executive Director & State Head (Madhya Pradesh State Office), Marketing Division
2
Shri Lalit Kumar Singh Chauhan
Executive Director & State Head (West Bengal State Office), Marketing Division
3
Shri Sumoy Kumar Palit
Executive Director I/C (Human Resources), Pipeline Division
4
Shri Sanjeev Pranay Singh
Executive Director I/C (Maintenance & Inspection), Refineries Division
Corporate Outlook:
The departures mark a significant transition for Indian Oil, a Maharatna PSU, as it continues to drive operational efficiency and market expansion. The company has yet to announce successors for these key leadership positions.