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Sandeep Kumar Gupta has been chosen as the brand new chairman of GAIL
New Delhi:
Sandeep Kumar Gupta, Director (Finance) at Indian Oil Company, has been picked to go India’s largest fuel utility GAIL (India) Ltd, the Public Enterprises Choice Board (PESB) stated.
PESB chosen Mr Gupta, 56, for the submit of chairman and managing director of GAIL after interviewing 10 candidates, it stated in a post-interview discover.
He’ll change Manoj Jain, who’s scheduled to retire on August 31.
The PESB suggestion will likely be vetted by the Appointments Committee of the Cupboard (ACC) headed by Prime Minister Narendra Modi, after the go-ahead of anti-corruption our bodies such because the CVC and CBI.
A commerce graduate and Chartered Accountant by training, Gupta has greater than 31 years of working expertise at Indian Oil Company (IOC), the nation’s largest oil refining and gasoline advertising firm.
Mr Gupta has been Director (Finance) of IOC since August 3, 2019.
With an expertise of dealing with virtually all the gamut of finance and accounts actions, his tenure as Director (Finance) witnessed two excessive unstable world oil value cycles and deregulation of petrol and diesel costs in India.
At IOC, his duties additionally included monetary planning and evaluation, company finance and treasury, worldwide commerce and pricing. He’s additionally on the board of IOC Center East FZE, Dubai and Indian Oil Petronas Pvt Ltd.
If authorised by ACC, Mr Gupta could have a time period until February 2026.
GAIL is India’s largest fuel transmission and fuel advertising firm, with a 14,502-kilometre fuel pipeline community and a capability of 206 million commonplace cubic meters a day. Its pure fuel pipeline community covers 21 states.
It holds round 70 per cent share of the gas-transmission community and greater than 50 per cent share of pure fuel gross sales in India.
PESB stated it interviewed GAIL Administrators Rakesh Kumar Jain and Deepak Gupta, in addition to 4 different govt administrators of the corporate on June 28.
Manoj Kumar Dubey, Director (Finance), Container Company of India Ltd (Concor) and Airports Authority of India (AAI) govt director Suneel Dutt had been the others who had been interviewed.
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