K Malhotra gets additional charge of IOC chairman

This comes after former PM Manmohan Singh did not clear appointment of B Ashok even after vigilance clearance

R K Malhotra, who was heading IndianOil Corporation’s research and development division as director, has been entrusted with additional charge as chairman of the company.

Malhotra, the senior-most director of the company has taken charge as acting chairman after R S Butola’s retirement from the post last week.

This comes after the former Prime Minister Manmohan Singh did not clear the appointment of B Ashok as the new chairman, even after vigilance clearance.

Malhotra has more than 37 years of research experience in the downstream petroleum sector, leading research at the R&D Centre of IOC in areas such as refining technologies, lubricant technologies, alternative energy, bio-technology, nanotechnology and gasification.

He has 185 research papers to his credit and holds 34 patents (India & abroad).