People: Mahanagar Gas Ltd (MGAS.NS)
Mr. Premesh Kumar Jain has been appointed as Additional Independent Director of the Company. He is former Director (Finance) GAIL has over 6 years Board level experience in GAIL and its various Domestic and International subsidiary companies like GAIL Global (Singapore) Pte. Ltd , GAIL Gas Ltd , BCPL , China gas Ltd and GAIL China Gas Global Energy Holding LTD . He also served as Chairman / member of various committees of the Board, PF Trust, Pension Trust, Gratuity Fund Trust of the company. A Chartered Accountant and MBA (University of Hull, UK), he has nearly 35 years of experience in Oil and Gas sector in the areas of Forex Risk Management and implementation of Hedging Policy, Capital Budgeting, Corporate Budgets, Corporate Accounts, Contract Management, Finalisation of Long term LNG and Gas agreements, Liquification and Regasification Terminal Service Agreements, Shareholder Agreements and Joint Venture Agreements etc. He also has the credit of interacting with PNGRB for various issues like tariffs finalization of various pipelines, raising / resolution of the issues with PNGRB / APTEL, participation in bidding process of natural gas pipeline and CGD for various cities through GAIL, its subsidiary, JVs etc.
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