Former GAIL Chairman Manoj Jain Named MD Of Torrent Gas
Manoj Jain has been appointed Managing Director of Torrent Gas, a city gas distribution player, effective January 1, 2024.
Prior to this, from February 2020 to August 2022, Jain served as GAIL (India) Limited's chairman and managing director.
"Jain is a seasoned business leader with an excellent track record across multiple areas within GAIL and is widely considered an expert in the Oil and Gas sector. Jain possesses rich and diverse experience in the areas of business development, gas marketing, projects, petrochemicals, and pipeline integrity management," said Torrent Gas in a press statement.
A Mechanical Engineer with an MBA in operations management, Jain joined GAIL as a Graduate Engineer Trainee in 1985 and rose through the ranks to become its chairman and managing director.
With a market valuation of Rs 1 lakh crore (USD 12 billion) and revenues of Rs 37,500 crore (USD 4.5 billion), Torrent Group operates in the power, pharmaceutical, and city gas distribution (CGD) industries.
Torrent Gas is authorised to sell piped natural gas (PNG) to businesses and homes in 34 districts in seven states (Tamil Nadu, Telangana, Uttar Pradesh, Gujarat, Maharashtra, Rajasthan, and Punjab) as well as one Union Territory (Puducherry). CNG is sold to autos.
Approximately 9 crore people live in Torrent's approved zones nationwide, which makes up 7 per cent of the nation's entire population.
