22/01/2025
Director (Finance) along with Director (R&D) interact with R&D Team
Mr. Anuj Jain, Director (Finance), recently visited the R&D Centre for a strategic engagement with Dr. Alok Sharma, Director (R&D), and senior members of the R&D team. During the visit, Mr. Jain expressed his admiration for the diverse range of research activities at the R&D Centre, highlighting the critical role of innovative and unconventional approaches in navigating the rapidly evolving energy landscape. He emphasized the need for continuous innovation to maintain competitiveness in the dynamic industry. In discussions on the commercial aspects of technology, Mr. Jain underscored that the payback period should be a key factor in evaluating and finalizing R&D initiatives. He encouraged the team to actively engage with government bodies to explore opportunities for budgetary support, aligning research activities with financial sustainability. Mr. Jain also interacted with the Finance and IS teams at the R&D Centre, discussing financial planning and resource allocation for research projects. His visit reinforced the importance of aligning financial strategies with the Centre’s innovation goals to drive success in the energy sector. The IndianOil R&D team showcased key initiatives across Lube Technology, Refining Technology, Alternative Energy, Polymers and Petrochemicals, Pipelines, Nanotechnology, and more. The presentation was followed by a guided tour of the R&D Centre's state-of-the-art research facilities and laboratories. Mr. Anuj Jain, Director (Finance), commended the team’s forward-looking approach, particularly lauding their efforts in the field of alternative energy. He acknowledged the R&D Centre’s significant contributions to developing sustainable energy solutions, emphasizing the strategic importance of such research in shaping India’s energy future. Mr. Jain encouraged the team to maintain their focus on techno-economic initiatives, ensuring innovation aligns with practical and cost-effective applications.
