Manoj Jain, at the moment the Director (Enterprise Growth) at GAIL (India) Ltd has been picked by the Public Enterprises Choice Board (PESB), the federal government’s head-hunter, to helm GAIL (India).
PESB chosen Jain for the put up of chairman and managing director of GAIL, a maharatna PSU, after an interview held in New Delhi on Friday from a short-list of eight candidates that included 5 from GAIL, based on sources.
PESB’s suggestion should be ratified by the Appointments Committee of the Cupboard (ACC) headed by Prime Minister Narendra Modi.
Dr. Ashutosh Karnatak, Director (Tasks) has been holding the extra cost of CMD, GAIL from August 1 after the federal government denied an extension to B C Tripathi on finishing his second five-year time period on July 31 as CMD of the state-owned firm.
GAIL is India’s largest pure gasoline advertising and buying and selling agency, proudly owning greater than two-thirds of the nation’s 16,234-km pipeline community, giving it a monopoly over the market.
This had triggered complaints from customers of pure gasoline on gaining access to GAIL’s 11,551-km pipeline community to move their gasoline.
The federal government has floated a plan to hive off GAIL’s pipeline enterprise right into a separate entity to resolve the battle of curiosity arising from it is position as an infrastructure supplier and service.
As per the plan, GAIL’s pipeline enterprise shall be transferred to a 100% subsidiary, which shall be bought to a strategic investor at a later date.