Mahanagar Gas Names Praveer Kumar Srivastava as Additional Director and Managing Director

Mahanagar Gas Names Praveer Kumar Srivastava as Additional Director and Managing Director​

Mahanagar Gas Limited announced changes to its directorate on April 10, 2026. The Board of Directors approved the appointment of Mr. Praveer Kumar Srivastava as an Additional Director and designated Managing Director of the Company.

The appointment is effective from April 30, 2026, and is set for a term of five consecutive years, spanning from April 30, 2026, to April 29, 2031. This term remains subject to the approval of the Company's shareholders or an earlier order from GAIL (India) Limited. Mr. Srivastava will also serve as a member of various Board committees from the effective date.

In a related change, Mr. Ashu Shinghal ceased to be the Managing Director of the Company effective April 30, 2026. This change follows a nomination withdrawal letter from GAIL dated March 10, 2026. Mr. Shinghal has also ceased to be a member of various Board committees from this date.

The company acknowledged the contribution, guidance, and leadership provided by Mr. Ashu Shinghal during his tenure as Managing Director.

Profile of New Managing Director​

Mr. Praveer Kumar Srivastava brings over three decades of professional experience in GAIL (India) Limited ('GAIL'), where he is a Chemical Engineer from IIT Kharagpur and a certified Energy Auditor by the National Productivity Council. His extensive career at GAIL has involved roles in the operations and maintenance of Gas Processing Units and pipeline networks, alongside project execution across multiple strategic GAIL installations.

His leadership roles have encompassed Planning, Strategy & Advocacy, Business Development, Gas Management Centre, and the C&MD Secretariat at GAIL Corporate Office. During his tenure, he contributed significantly to GAIL Strategy 2030, organizational change management, sustainability initiatives, and the company's Net Zero Action roadmap. Notably, he played a key part in the successful installation of one of India's largest Proton Exchange Membrane (PEM) Green Hydrogen production plants at GAIL Vijaipur, the commissioning of India's first Hydrogen Blending Pilot Project, and the launch of GAIL's first Small-Scale LNG Project.

Currently, Mr. Srivastava serves as Executive Director, Western Region. In this capacity, he leads the Western Region team, overseeing Operations & Maintenance and Marketing functions for the Western Regional Pipeline Network. This infrastructure connects major LNG terminals, such as Dahej and Dabhol, with downstream pipeline systems and industrial load centers across western India. Under his leadership, the network focuses on safety, efficiency, and reliability to ensure gas supply to major power plants, fertilizer units, chemical industries, city gas distribution companies, and various medium and small industries. He is also responsible for overseeing the marketing operations of Petrochemicals and LHCs. His vision emphasizes enhancing workforce capabilities, driving innovation, and maintaining a balance between business growth, societal development, and environmental responsibility.

Summary of Key Director Changes​

The following table details the transition in key leadership roles:

MGL Stock Price Movement​

Today, Mahanagar Gas Limited shares edged higher to close at ₹1075.75, marking a gain of 3.15% for the session. The stock settled on notable buying interest, achieving a total traded volume of 437,328 shares.

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