Cairn Oil & Gas, Vedanta Ltd. CEO Ajay Kumar Dixit is superannuating from the company at the end of his five-year term this month.
Thanking Ajay for his contribution, Sunil Duggal, Group CEO, Vedanta Ltd., said, “Ajay has been leading the oil and gas business and digital transformation, driving production to serve the energy needs of the nation, including through recent oil price volatility and the Covid-19 pandemic. The management wishes him the very best.”
Cairn’s Management Committee will continue to drive the oil & gas business under the overall leadership of Sunil Duggal. Besides his contributions in the oil and gas business, Ajay has earlier served and contributed significantly to growing Vedanta’s Power, Alumina & Bauxite, and Aluminium businesses.
“I am grateful to have had the opportunity to lead several key businesses at Vedanta from 2015 till now, most recently oil and gas. It has been a privilege to work with some of the finest teams, delivering to Vedanta’s vision of making India self-sufficient in the natural resources sector. I wish the Group, and the teams I have worked with, even greater success in the days to come”, said Ajay.
Cairn Oil & Gas, Vedanta Ltd., is the largest private oil and gas exploration and production company in India, accounting for more than a quarter of India’s domestic crude oil production. It has a world-class resource base, with a current interest in 58 blocks in India, including the 41 blocks under the Open Acreage Licensing Policy (OALP) Round I auction, five blocks each under Round II and Round III, and two awarded under the Discovered Small Fields (DSF) Round-II. In 2004, Cairn made the largest onshore discovery in more than two decades in India at Mangala, Rajasthan. In its operations of 20 years, Cairn has opened four frontier basins with numerous discoveries, 38 in Rajasthan alone.