New Delhi: Maharatna oil & gas PSU, GAIL (India) Limited on Wednesday announced the appointment of its Director (Finance) RK Jain as Chairman of its overseas subsidiaries namely- GAIL Global (USA) Inc. (GGUI) and GAIL Global (USA) LNG LLC (GGULL). He has been appointed to the post with effect from November 1, 2023. He has been serving as Director (Finance) of GAIL since December 2021.
Jain is a Cost and Management Accountant by profession. He joined GAIL in 1992 as a Management Trainee and has been part of growth trajectory of the company.
Prior to his appointment as Director (Finance), Jain held the position of Executive Director (Finance & Accounts) in GAIL. Additionally, he holds the position of Director in Indraprastha Gas Limited, GAIL Gas Limited, GAIL Global (USA) Inc. and GAIL Global (USA) LNG LLC. Earlier he was on the Board of Ratnagiri Gas and Power Pvt. Ltd (RGPPL). As Executive Director (Finance & Accounts), he headed Corporate Finance and Treasury section in large mobilisation of funds from domestic and international markets and took investment decisions in large infrastructure projects. He was also actively involved in Investor relations and interactions with Analysts fraternity.
GGUI is a Texas based wholly owned subsidiary of GAIL (India) Limited which undertakes investment in the Eagle Ford shale gas asset and operations related to that asset and any other activities.
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GGULL was formed as a wholly-owned subsidiary of GGUI in the State of Delaware, USA, to enter into contractual agreements for booking capacity rights in a LNG liquefaction terminal and related pipelines; to purchase and deliver natural gas to the terminal and to perform any other activities that may be required for sale of LNG.
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