• ACC clears Manoj Jain as GAIL chairman ahead of co split

    The appointments committee of the Cabinet has cleared Manoj Jain as the next chairman & managing director of state-run gas utility GAIL. He will take over after incumbent Ashutosh Karnatak moves up to join APTEL (Appellate Tribunal for Electricity) as member technical (oil and gas).

    Jain is currently director (business development) in GAIL and is expected to take over in a few days as the government has also cleared Karnatak’s appointment to APTEL. Karnatak has time till June in GAIL but is expected to take up his new assignment earlier.

    Jain’s appointment coincides with the government move to split the company into two entities for marketing and transportation, with the possibility of divesting the latter to a strategic partner. Thus, as chairman, he has his task cut out — ensuring smooth transition and retain market hold in the changed scenario.

    Jain will also have to ensure timely execution of 5,700-km of major pipeline projects to expand the gas grid and city gas projects at a total cost of Rs 45,000 crore.

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