New Delhi, October 28, 2014

Mr. Arun Kumar Sharma has taken charge as Director (Finance), Indian Oil Corporation Limited, the leading Indian Oil and Gas Company in the Fortune 'Global 500' listing.

Mr. A.K. Sharma has over three decades of experience in IndianOil and has handled the entire gamut of activities in the Finance function. Mr. A.K. Sharma also brings with him vast experience of Project appraisal and Project Finance besides the financial accounting activities related to Refining and Marketing. Mr. A.K. Sharma has also served as Head of IndianOil's Treasury where he was credited for issuing the first ever Foreign Currency Bonds ($ 500 million bonds REG-S) of IndianOil in the International Markets in 2010. Prior to joining the Board of IndianOil as Director (Finance), Mr. Sharma was Executive Director (Finance) of Refineries Division.

A Chartered Accountant, Mr. A.K. Sharma did his graduation in Commerce and LLB from Allahabad University. With a seasoned and mature approach to issues, excellent domain knowledge and extensive international exposure, Mr. Sharma has actively participated and represented IndianOil in various conferences and seminars across the globe.

IndianOil is India's Flagship Energy Major and a 'Maharatna' Company. Its business straddles across the entire hydrocarbon value chain - from refining, pipeline transportation and marketing of petroleum products to exploration & production of crude oil & gas, marketing of natural gas and petrochemicals. IndianOil has been meeting nation's energy demands for over half a century. With a corporate vision to be the Energy of India, IndianOil closed the year 2013-14 with the income from operations at Rs. 4,73,210 crore and a net profit of Rs. 7,019 crore.

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