Indraprastha Gas names Sukhmal Kumar Jain as Chairman; stock rallies ~6%

25 Oct 2022 , 12:31 PM

Indraprastha Gas Limited informed that it has appointed Sukhmal Kumar Jain as an Additional Director and Chairman. His appointment is effective from October 23, 2022.

Sukhmal has succeeded Arun Kumar Singh.

Sukhmal Kumar Jain, a BPCL nominee, is the company’s Director (Marketing). He is a Mechanical Engineering graduate of Delhi College of Engineering and an MBA graduate of SP Jain Institute of Management & Research. In his 35-year career, he has held many senior roles in BPCL’s Retail, LPG, and Gas verticals.

In his illustrious career spanning more than three decades, he has been actively involved in industry-defining initiatives such as the Give it Up campaign and the Pradhan Mantri Ujjawala Yojana in the LPG Business, as well as successfully navigating the Strategy and Loyalty Programs in the Retail Business.

Under his leadership, Gas BU plays an increasingly vital role in supporting the Government’s goal of establishing India into a gas-based economy, which bodes well for broad economic development while also reducing the country’s reliance on oil imports and contributing to lower carbon emissions.

At around 12.34 PM, Indraprastha Gas was trading at Rs406 up by 5.91% from its previous closing of Rs383.35 on the BSE. The scrip touched intraday high and low of Rs407.65 and Rs379.25 respectively.

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