State-run GAIL on Monday stated that Sandeep Kumar Gupta has assumed the cost of Chairman and Managing Director of the nation’s largest fuel 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 fuel Business and has dealt with finance and accounts F&A, treasury, pricing, worldwide commerce, optimisation, data techniques, company affairs, authorized, danger administration, GAIL stated in a press release.
Addressing the corporate’s staff, Gupta stated that GAIL is aligned with the federal government’s imaginative and prescient of getting a gas-based financial system whereby the share of pure fuel within the vitality combine is to be taken to fifteen per cent by 12 months 2030.
Sturdy presence
He additional added that the agency has carved out a sturdy petrochemical enlargement transfer to additional strengthen its enterprise. GAIL is working fuel processing items and LPG transmission networks, producing LPG and liquid hydrocarbon merchandise, it added.
It additionally has appreciable presence in renewable vitality like photo voltaic and wind, and endeavours in new vitality segments like hydrogen manufacturing, CBG, transport, small scale LNG liquefaction, fuel /LNG storage, bunkering to create a future vitality panorama, he added.
The corporate which had began with a single pipeline mission in 1984, now owns and operates a really diversified enterprise portfolio together with over 14,500 km of pure fuel pipeline community, and an LNG sourcing portfolio of round 14 mtpa.