Stories
Petronet LNG Appoints GAIL India's Sanjay Kumar as New MD and CEO
- •Petronet LNG announced the appointment of Sanjay Kumar, Director Marketing at GAIL India, as its new MD and CEO.
- •Sanjay Kumar will assume the position of MD and CEO of Petronet LNG from May 13, 2027.
- •The appointment was approved by Petronet LNG's board on October 2, 2026, following a recommendation from the Nomination and Remuneration Committee.
- •Petronet LNG also approved a 50:50 joint venture with Gruner Renewable Energy Private Limited in September to establish 10 Compressed Biogas (CBG) plants.
- •Each CBG plant will have a production capacity of 18 tons per day, with an estimated total investment of Rs 1,200 crore for the project.
Key Questions Answered
Sanjay Kumar, who currently serves as Director Marketing at GAIL India, has been appointed as the new Managing Director and Chief Executive Officer of Petronet LNG. His appointment was approved by Petronet LNG's board on October 2, 2026, and he will officially assume the position on May 13, 2027.
Petronet LNG approved a 50:50 joint venture partnership with Gruner Renewable Energy Private Limited to establish 10 Compressed Biogas (CBG) plants across the country. Each plant will feature a production capacity of 18 tons per day, with an estimated total investment of Rs 1,200 crore for the entire project.
Petronet LNG shares closed higher, rising by about half a percent despite a general decline in most market shares. Over the past year, however, the company's stock has experienced a small decline of 0.37 percent.
