New Delhi, May 18 (IANS): Cairn Oil & Gas CEO Ajay Kumar Dixit is superannuating from the company at the end of his five-year term on May 31.

Thanking Dixit for his contribution, Sunil Duggal, Group CEO, Vedanta Ltd., said, "Ajay has been leading the oil and gas business and digital transformation, driving production to serve the energy needs of the nation, including through recent oil price volatility and the Covid-19 pandemic. The management wishes him the very best."

A company statement said Cairn's management committee will continue to drive the oil and gas business under the overall leadership of Sunil Duggal.

Besides his contributions in the oil and gas business, Dixit had earlier served and contributed significantly to growing Vedanta's power, alumina and bauxite and aluminium businesses.

"I am grateful to have had the opportunity to lead several key businesses at Vedanta from 2015 till now, most recently oil and gas. It has been a privilege to work with some of the finest teams, delivering to Vedanta's vision of making India self-sufficient in the natural resources sector. I wish the Group, and the teams I have worked with, even greater success in the days to come," Dixit said.

Cairn Oil & Gas, a part of Vedanta Ltd., is the largest private oil and gas exploration and production company in India, accounting for more than a quarter of the country's domestic crude oil production.