Mumbai: Cairn Oil & Gas, a subsidiary of Vedanta Ltd, has appointed Ajay Dixit as its chief executive officer. Ajay Dixit succeeds Sudhir Mathur, who quit earlier this month.
Dixit served as the acting CEO of Vedanta’s aluminium and power business before being elevated to this new role. He joined Vedanta in 2015 from Siemens where he was CEO, energy, South Asia.
"He brings deep experience in strategy, operations, technology, finance and regulatory affairs. His leadership will support Cairn’s vision to realise the full potential of Barmer block, grow the offshore business, appraisal of new blocks under OALP I and DSF II, and steer a strong and high growth organisation," Vedanta Ltd said in a press statement.
Two week's ago, Cairn India’s chief executive officer (CEO) Sudhir Mathur and chief financial officer Pankaj Kalra resigned from the company.
Cairn produces around 200,000 barrels of oil equivalent per day, 25% of India’s crude production and has the vision to take its contribution to 50%. The company has planned investments worth $3.5 billion over the next three to four years, which will significantly ramp up production.