Gail chairman

New Delhi: GAIL (India) Limited's Chairman & Managing Director (CMD) Manoj Jain has been given additional charge as Director (HR) of the company. The Ministry of Petroleum & Natural Gas (MoPNG) has approved the proposal for entrustment of the additional charge of the post of Director (HR) of GAIL to Jain. He has been given charge of the post upon PK Gupta's superannuation from the post on March 31. He has been assigned with the additional charge of the post for a period of three months with effect from April 1, or until further orders, whichever is earlier. He has been serving as CMD of GAIL since February 15, 2020. Jain is a mechanical engineering graduate with an MBA in operations management. He joined GAIL as a Graduate Engineer Trainee in 1985 and rose through the ranks to his current position. He possesses rich and diverse experience encompassing more than 32 years with GAIL in the areas of projects, operations and management, pipeline integrity management and marketing. Prior to his elevation as Director (Business Development), he was serving as Executive Director (Marketing-Gas) in the same organisation. GAIL is a Maharatna PSU under the Ministry of Petroleum & Natural Gas (MoNPG). It is responsible for natural gas processing and distribution in India headquartered in New Delhi. GAIL handles diverse post-exploration and production activities relating to Natural Gas ie transportation, processing distribution and marketing of gas and its fractions and byproducts.

NEW DELHI, Aug 26 (Reuters) - India is in talks with Russia to resume gas supplies under the long-term import deal between Gazprom GAIL, India's largest gas distributor and operator of pipelines, has not received the agreed imports since May and has had to cut supplies to clients as a result. "There are some immediate issues which we are trying to tackle both at the company level and also at G2G (government to government) level," said GAIL Chairman Manoj Jain, adding that supplies under the Gazprom deal have been hit by the Russia-Ukraine conflict. Volumes under the deal were about a fifth of GAIL's overall overseas gas portfolio of 14 million tonnes a year, including supplies from the United States, Qatar and Australia, Jain said. "So overall it is not affecting us in a significant way. The only affect is to the extent of 10-15%," he added, pointing out that the addition of domestic gas reduces the impact on local supplies to about 7-8%. He said GAIL is scouting for more long-term gas import deals to prepare for "such eventualities in future". GAIL agreed a 20-year deal with Russia's Gazprom in 2012 for annual purchases of an average 2.5 million tonnes of LNG. Supplies under the contract began in 2018. Gazprom Marketing and Singapore (GMTS) had signed the deal on behalf of Gazprom. At the time, GMTS was a unit of Gazprom Germania, but the Russian parent gave up ownership of Gazprom Germania after Western sanctions over Russia's invasion of Ukraine.

"Not just imports, we are also looking at domestic manufacturing of electrolyser. Our tender gives preference to domestic manufacturers," he said. The company will install the electrolyser at one of its gas processing plants in the country. While the firm was initially looking at using natural gas as feedstock for producing what is known as blue hydrogen, it may look at using renewable energy to split water to produce oxygen and green hydrogen. The largest electrolyser currently announced in India is a 5-MW unit being installed by India's largest power utility NTPC at Vindhyachal in Uttar Pradesh. NTPC intends to power the electrolyser using a coal-fired super-thermal power station, in concert with carbon capture. Renewable electricity may potentially be used in the future, which would make it emissions-free, but no date has been set for when that could occur. Separately, The company in February this year hired from Japanese shipping major Mitsui O.S.K. Lines a 180,000 cubic meters vessel for five years and named it GAIL Bhuwan. This vessel was used to transport LNG from the US to Dabhol in Maharashtra earlier this month. GAIL has contracts for procuring LNG volumes from the USA under two long-term Sales and Purchase Agreements signed with US energy majors. "We may look at hiring another vessel if there is demand," Jain said. India is putting increased focus on hydrogen as an alternative fuel source to lower its carbon emissions, while also meeting its growing energy needs...

Synopsis Soon after joining, "he addressed the employees of GAIL and recognized the balanced business portfolio of the company built over time and (its) overall contribution to the development of the natural gas sector in the country," a company statement said. Gupta said the company is aligned with the government's vision of having a gas-based economy wherein the share of natural gas in the energy mix is to more than double to 15 per cent by 2030. Seasoned finance professional and an old public sector hand Sandeep Soon after joining, "he addressed the employees of GAIL and recognized the balanced business portfolio of the company built over time and (its) overall contribution to the development of the natural gas sector in the country," a company statement said. With experience in handling almost the entire gamut of finance and accounts activities, his tenure as Director (Finance) witnessed two extreme volatile global oil price cycles and the deregulation of petrol and diesel prices in India. At IOC, his responsibilities also included financial planning and analysis, corporate finance and Gupta will have a term till February 2026. GAIL is India's largest gas transmission and gas marketing company, with a 14,502-kilometre gas pipeline network and a capacity of 206 million standard cubic meters a day. Its natural gas pipeline network covers 21 states. It holds around 70 per cent share of the gas-transmission network and more than 50 per cent share of natural gas sales in In...

There may be some relief for GAIL in the adjusted gross revenues (AGR) issue as the Supreme Court (SC) in its February 14 ruling did not ask the company to pay the dues but asked them to seek appropriate remedy before the appropriate forum. In his first media interaction since taking over, GAIL's chairman and managing director Manoj Jain said, "For the next year, capex would be around Rs 5,900 crore. We don’t have very significant free cash but at the same time we also don’t have significant debt." “We have already withdrawn our application from the Supreme Court. The SC has permitted us to withdraw the application and so the current ruling of February 14 doesn’t apply to us,” Jain told CNBC-TV18. “We are looking for alternate remedies and we are deliberating among public sector undertakings (PSUs). Our view has been that this demand does not apply to us, so accordingly we will go for the next legal recourse,” he added. “We have discussed this with our auditors and there is no proposal to make any contingency plan. However, we are in touch with the ministry as well and together all the PSUs are taking a common view. We will see how the ruling takes shape,” said Jain. Speaking about the Petroleum and Natural Gas Regulatory Board (PNGRB) concept paper, he mentioned, “So far no draft rules have come. So, firstly we will have to look for the draft rules. We feel that it should not have major impact on the existing players. However, it will have to be seen in context of the rul...