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State-run GAIL on Monday mentioned that Sandeep Kumar Gupta has assumed the cost of Chairman and Managing Director of the nation’s largest gasoline utility.
Earlier than becoming a member of GAIL, he held the place of Director (Finance), from August 2019, on the Board of Indian Oil Company. Gupta has a large expertise of over 34 years within the oil and gasoline Trade and has dealt with finance and accounts F&A, treasury, pricing, worldwide commerce, optimisation, info techniques, company affairs, authorized, threat administration, GAIL mentioned in a press release.
Addressing the corporate’s workers, Gupta mentioned that GAIL is aligned with the federal government’s imaginative and prescient of getting a gas-based financial system whereby the share of pure gasoline within the power combine is to be taken to fifteen per cent by 12 months 2030.
Robust presence
He additional added that the agency has carved out a strong petrochemical growth transfer to additional strengthen its enterprise. GAIL is working gasoline processing items and LPG transmission networks, producing LPG and liquid hydrocarbon merchandise, it added.
It additionally has appreciable presence in renewable power like photo voltaic and wind, and endeavours in new power segments like hydrogen manufacturing, CBG, transport, small scale LNG liquefaction, gasoline /LNG storage, bunkering to create a future power panorama, he added.
The corporate which had began with a single pipeline undertaking in 1984, now owns and operates a very diversified enterprise portfolio together with over 14,500 km of pure gasoline pipeline community, and an LNG sourcing portfolio of round 14 mtpa.
Revealed on October 3, 2022
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