Business

Sandeep Kumar Gupta to be next chairman of GAIL, succeeds Manoj Jain


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Sandeep Kumar Gupta, Director for Finance at Indian Oil Corporation, has been picked to head India’s premier gasoline utility GAIL (India) Ltd, the federal government headhunter reported.

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The Public Enterprises Range Board (PESB) chosen Gupta, 56, for the article of chairman and managing director of GAIL soon after interviewing 10 candidates, it explained in a article-job interview detect.&#13

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He will substitute Manoj Jain, who is scheduled to retire on August 31.

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The PESB advice will be vetted by the Appointments Committee of the Cabinet (ACC) headed by Prime Minister Narendra Modi, after the go-ahead of anti-corruption bodies these as the CVC and CBI.

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A commerce graduate and Chartered Accountant by education, Gupta has far more than 31 decades of working practical experience at Indian Oil Corporation (IOC), the nation’s greatest oil refining and gasoline marketing and advertising business.

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He has been Director (Finance) of IOC because August 3, 2019.

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With an practical experience of handling almost the entire gamut of finance and accounts activities, his tenure as Director (Finance) witnessed two intense unstable world-wide oil price tag cycles and deregulation of petrol and diesel selling prices in India.

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At IOC, his responsibilities also integrated fiscal organizing and investigation, company finance and treasury, international trade and pricing. He is also on the board of IOC Center East FZE, Dubai and Indian Oil Petronas Pvt Ltd.

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If authorized by ACC, Gupta will have a time period until February 2026.

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GAIL is India’s most significant fuel transmission and gas internet marketing firm, with a 14,502-kilometre gasoline pipeline network and a capability of 206 million standard cubic meters a day. Its organic fuel pipeline network covers 21 states.

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It retains all-around 70 for every cent share of the fuel-transmission community and a lot more than 50 for every cent share of pure gasoline income in India.

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PESB explained it interviewed GAIL Administrators Rakesh Kumar Jain and Deepak Gupta, as properly as 4 other executive directors of the enterprise on June 28.

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Manoj Kumar Dubey, Director (Finance), Container Corporation of India Ltd (Concor) and Airports Authority of India (AAI) executive director Suneel Dutt had been others interviewed.

(Only the headline and picture of this report may have been reworked by the Organization Conventional team the relaxation of the material is vehicle-produced from a syndicated feed.)

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