Sandeep Kumar Gupta, Director for Finance at Indian Oil Corporation, has been picked to head India’s largest gas utility GAIL (India) Ltd. He will replace Manoj Jain, who is scheduled to retire on August 31. The PESB recommendation 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 such as the CVC and CBI.
Career and Experience of Sandeep Kumar Gupta:
- A commerce graduate and Chartered Accountant by education, Gupta has more than 31 years of working experience at Indian Oil Corporation (IOC), the nation’s largest oil refining and fuel marketing company. He has been Director (Finance) of IOC since August 3, 2019.
- With an experience of handling almost the entire gamut of finance and accounts activities, his tenure as Director (Finance) witnessed two extreme volatile global oil price cycles and deregulation of petrol and diesel prices in India.
About the GAIL:
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 India.
Important Takeaways For All Competitive Exams:
- GAIL Headquarters: New Delhi;
- GAIL Founded: 1984.