Mahanagar Gas Limited has announced a key leadership change, with Mr. Praveer Kumar Srivastava appointed as the new Managing Director. Effective April 30, 2026, he succeeds Mr. Ashu Shinghal, who is stepping down from the role. The transition follows a nomination withdrawal by GAIL (India) Limited. Mr. Srivastava brings over three decades of professional experience to the position, aiming to lead the company through its next phase of growth and clean energy transition.
Appointment of New Managing Director
The Board of Directors of Mahanagar Gas Limited has officially approved the appointment of Mr. Praveer Kumar Srivastava as an Additional Director, designated as the Managing Director. His appointment is effective from April 30, 2026, for a period of five consecutive years, concluding on April 29, 2031, subject to approval from the company’s shareholders. In this capacity, he will also serve on various Board committees.
Professional Background and Expertise
Mr. Srivastava is a Chemical Engineer from IIT Kharagpur and a certified Energy Auditor. His distinguished career spans over 30 years at GAIL (India) Limited, where he has held numerous leadership roles. His background includes extensive experience in operations, project execution, and corporate strategy. He has been instrumental in advancing India’s clean energy goals, notably leading projects such as the installation of one of the country’s largest Proton Exchange Membrane (PEM) Green Hydrogen plants and the launch of Small-Scale LNG initiatives.
Strategic Leadership Vision
Currently serving as Executive Director for the Western Region at GAIL, Mr. Srivastava oversees vital gas transmission infrastructure. His leadership philosophy centers on safety, efficiency, and reliability. He is committed to driving organizational growth while maintaining a focus on sustainability, innovation, and corporate social responsibility. The company looks forward to leveraging his deep technical expertise and strategic vision to create long-term value for stakeholders.
Transition Details
The outgoing Managing Director, Mr. Ashu Shinghal, will officially step down from his position on April 30, 2026. This transition follows a formal nomination withdrawal by GAIL. The Board has acknowledged the significant contributions made by Mr. Shinghal during his tenure and expressed appreciation for his leadership and guidance.
Source: BSE
