Earlier than becoming a member of because the MD of IGL, Kumar was answerable for overseeing GAIL’s gasoline advertising and transmission enterprise. He has taken over the reins of IGL from A.Okay. Jana, who gone again to GAIL (India) earlier than his superannuation. IGL is a three way partnership of GAIL and BPCL, with the federal government of Delhi holding a 5% fairness stake.
A mechanical engineer from IIT Kharagpur, Kumar has an expertise of over 34 years within the gasoline sector. Within the 12 months 2011, he was tasked with organising GAIL’s abroad LNG buying and selling subsidiary GAIL International (Singapore) Pte Ltd in Singapore, mentioned an announcement from from IGL. He’s additionally GAIL’s nominee director on the boards of Maharashtra Pure Fuel Ltd (MNGL) and GAIL International (Singapore).
IGL’s metropolis gasoline distribution (CGD) networks is unfold throughout 30 districts in 4 states together with, Delhi. In keeping with the corporate, it’s assembly gasoline necessities of over 1.2 million autos operating on CNG in NCR by means of a community of greater than 600 CNG stations.
On Thursday, the corporate had elevated costs of compressed pure gasoline (CNG) and piped pure gasoline (PNG) in Delhi and different cities within the Nationwide Capital Area together with Noida, Higher Noida, Ghaziabad and Gurugram with speedy impact.
The CNG worth in Delhi was elevated by Re 1 per kg to ₹59.01 per kg, and the costs of PNG was raised by Re 1 customary cubic meter (SCM) to ₹36.61 per SCM within the nationwide capital. This was the third enhance in CNG costs in a month.
The rise got here on the again of current enhance in world oil and gasoline costs.
Share of the corporate closed at ₹367.70 on the BSE on Friday, decrease by ₹9.65 or 2.56% from its earlier shut.
Supply: Live Mint