Sanjiv Singh takes over as new IOC chief
New Delhi   02-Jun-2017

The oil industry has to gear up to face “disrup tive technologi es“ and India nOil has to ma ke investments to prepare for the future even though oil will remain in the mainstream of the country's energy discourse for long, Sanjiv Singh told employees in a webcast on Thursday after taking over as chairman of the country's largest refiner-marketer.

Singh, who was the director (refineries) before his elevation, assured his colleagues that IndianOil has made enough investments and will continue to do so to face the disruptions expected from new technologies in the future, especially challenges from emerging trends in the renewable energy sector.

At the same time, Singh also asked his colleagues not to compromise on safety, passion for work and commitment, executives told TOI.Singh faces several challenges both inside and outside the company . There are several vacancies coming up on board as directors in charge of key operations such as HR, finance and marketing are set to arise in the next few months.