GAIL India entrusts additional charge of Chairman -; MD to M.V. Iyer

1 Sep 2022 , 09:26 AM

GAIL India Limited informed that the Competent Authority has approved the proposal for the entrustment of additional charge of the post of Chairman & Managing Director (C&MD) of GAIL (India) Limited to M.V. Iyer, Director (BD).

The company stated that this is in reference to the notice received from the Ministry of Petroleum & Natural Gas dated August 31, 2022, regarding the entrustment of the additional charge of the post of Chairman and Managing Director (C&MD).

The company further outlined that he is entrusted with the responsibilities for a period of 3 months w.e.f. September 9, 2022, or until a regular incumbent to the post is appointed or until any further orders are received by the company. His appointment on additional post shall cease in case of any of the three events, whichever falls earlier.

At around 9.30 AM, GAIL (India) Ltd was trading at Rs136.30 up by 0.18% from its previous closing of Rs136.05 on the BSE. The scrip opened at Rs136.20 and touched intraday high and low of Rs136.35 and Rs135.25 respectively.

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