Former IOC chief joins RIL 2 months after retirement – Times of India

NEW DELHI: Nearly two months after retiring as chairman of India’s largest oil refiner and fuel retailer IndianOil, Sanjiv Singh has moved to the state-run entity’s arch-rival and the country’s largest private sector oil company — Reliance Industries (RIL) — as group president and member of its O2C (oil-to-chemicals) business leadership team.
Singh, who retired on June 30, is the second head of a public sector oil & gas company allowed by the government to move to a private competitor before the mandatory one-year cooling-off period. In 2001, C R Prasad had moved to British Gas after retiring as CMD of state-run gas utility GAIL.
The former IOC chairman joins the list of his colleagues flocking to RIL after retirement. Sarthak Behuria, who was CMD of Bharat Petroleum before becoming IndianOil chairman in 2005, is a senior adviser at Jio-BP, RIL’s fuel retail joint venture with BP. Former IndianOil director (refineries) R K Ghosh, ED Devangshu Roy and Bharat Petroleum’s ex-director (refineries) B K Datta too are currently associated with RIL.