Indian Oil Corporation Announces Superannuation of Six Senior Management Personnel

1 min read Updated on 01 Feb 2026, 09:52 AM

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Naman SScanX News Team

Overview

Indian Oil Corporation Limited announced the superannuation of six senior management personnel effective January 31, 2026, in compliance with SEBI Regulation 30. The retiring executives held key positions including Executive Directors for Human Resources, Quality Control, Operations, Regional Services, and Refinery Head at Haldia Refinery. The disclosure was formally communicated to stock exchanges on February 1, 2026, representing a significant leadership transition across the company's operational divisions.

*this image is generated using AI for illustrative purposes only.

Indian oil corporation Limited has announced the superannuation of six senior management personnel effective January 31, 2026. The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, which mandates companies to inform stock exchanges about changes in senior management personnel.

Senior Management Personnel Details

The six executives who superannuated from the company's services were positioned one level below the Board of Directors. The announcement was formally communicated to both the National Stock Exchange of India Limited and BSE Limited on February 1, 2026.

Sl. No.	Name	Designation
1	Dr. Mukesh Ranjan Das	Executive Director (Human Resources), Marketing Head Office
2	Mr. Himanshu Ranjan	Executive Director (Quality Control), Marketing Head Office
3	Mr. Koratane Srinivasrao	Executive Director (Operations), Marketing Head Office
4	Mr. M. Sudhakar	Executive Director (Regional Services), Southern Regional Office
5	Mr. Subodh Kumar Bajpai	Executive Director (H,S&E), Marketing Head Office
6	Mr. Atanu Sanyal	Executive Director & Refinery Head, Haldia Refinery

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations governing listed companies. Indian Oil Corporation Limited, trading under the symbol IOC on NSE with security code 530965 and ISIN INE242A01010, fulfilled its obligation to inform stakeholders about significant changes in its senior management structure.

Indian Oil Corporation Signs Letter of Intent with Akasa Air for Sustainable Aviation Fuel Supply

2 min read Updated on 29 Jan 2026, 03:15 PM

Reviewed by

Riya DScanX News Team

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Overview

Indian Oil Corporation Ltd signed a Letter of Intent with Akasa Air at Wings India 2026 to explore Sustainable Aviation Fuel supply, establishing a collaboration framework to support the airline's sustainability goals. The agreement focuses on evaluating SAF supply volumes, delivery locations, timelines, and approved sustainable feedstocks, with SAF identified as critical for reducing aviation emissions and achieving net-zero targets in the sector.

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Indian oil corporation has entered into a strategic partnership with Akasa Air to advance sustainable aviation fuel supply in India. The Letter of Intent (LOI) was signed at Wings India 2026, marking a significant step towards reducing carbon emissions in the aviation sector.

Strategic Partnership Framework

The LOI establishes a comprehensive framework for collaboration between Indian Oil Corporation Ltd and Akasa Air to support the airline's sustainability objectives. The agreement focuses on the potential supply of Sustainable Aviation Fuel (SAF), which represents a critical pathway for reducing lifecycle greenhouse gas emissions from air travel.

Partnership Details:	Information
Signing Venue:	Wings India 2026
Date:	29 January 2026
Location:	Hyderabad
Partner Airline:	Akasa Air (India's fastest-growing airline)
Focus Area:	Sustainable Aviation Fuel Supply

Sustainable Aviation Fuel Initiative

SAF is expected to play a key role in the aviation sector's transition towards net-zero emissions. The fuel represents an environmentally conscious alternative that can significantly reduce the carbon footprint of air travel operations.

Shailesh Dhar, Country Head (Aviation Business) at Indian Oil Corporation Ltd, emphasized the company's commitment to this initiative: "This LOI reflects our commitment to scaling low-carbon fuels and supporting our customers in their energy transition. By leveraging our expertise across fuel production, supply, and logistics, we aim to play a meaningful role in enabling an early transition to the usage of SAF."

Implementation and Evaluation Process

Pursuant to the LOI, both companies will collaborate on several key areas to ensure successful implementation:

Evaluation of potential SAF supply volumes
Determination of optimal delivery locations
Establishment of realistic timelines for supply
Selection and use of approved sustainable feedstocks
Implementation of certified production pathways

The partnership leverages Indian Oil Corporation's extensive expertise in fuel production, supply chain management, and logistics infrastructure to support Akasa Air's sustainability goals.

Industry Impact and Significance

This collaboration represents a significant development in India's aviation industry's sustainability efforts. As India's flagship national energy major, Indian Oil Corporation's involvement in SAF supply demonstrates the country's commitment to reducing aviation emissions and supporting the global transition to cleaner energy sources.

The partnership with Akasa Air, recognized as India's fastest-growing airline, positions both companies at the forefront of sustainable aviation initiatives in the Indian market. The agreement aligns with broader industry efforts to achieve net-zero emissions and reduce the environmental impact of air travel.

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