NEW DELHI: The government has given a one-year post-retirement extension to Indian Oil Corporation (IOC) chairman Shrikant Madhav Vaidya – a rare event for anyone on board of a state-owned company.
“The Appointments Committee of the Cabinet (ACC) approved the proposal of the ministry of petroleum and natural gas for re-employment on a contract basis of Shri Shrikant Madhav Vaidya, chairman, Indian Oil Corporation Limited (IOCL) for a period of one year beyond the date of his superannuation ie with effect from September 1, 2023, till August 31, 2024, or till the appointment of a regular incumbent to the post, or until further orders, whichever is the earliest,” an official order dated August 4 said.
