Mahanagar Gas Ltd Announces Leadership Transition As Praveer Kumar Srivastava Appointed Managing Director

Mahanagar Gas Announces Leadership Transition

Mahanagar Gas Ltd (MGL), a leading city gas distribution company, has announced that Ashu Shinghal will cease to be Managing Director. The Board has appointed Praveer Kumar Srivastava as the new Managing Director, effective April 30, 2026. The appointment follows a nomination withdrawal by GAIL (India) Ltd, a key promoter of MGL.

Profile Of The New Managing Director

Praveer Kumar Srivastava brings over three decades of professional experience, primarily with GAIL (India) Ltd. His expertise in the natural gas sector is expected to strengthen MGL’s operational efficiency and support its clean energy transition strategy. The appointment has been made for a term of five consecutive years.

Strategic Importance

Mahanagar Gas plays a crucial role in supplying compressed natural gas (CNG) and piped natural gas (PNG) across Mumbai and adjoining regions. The leadership change is seen as a strategic move to align with India’s growing demand for sustainable energy solutions and to reinforce investor confidence.

Key Highlights

•⁠  ⁠Ashu Shinghal to step down as Managing Director of Mahanagar Gas Ltd

•⁠  ⁠Praveer Kumar Srivastava appointed as new MD effective April 30, 2026

•⁠  ⁠Appointment approved by Board of Directors for a five-year term

•⁠  ⁠Srivastava brings over 30 years of experience from GAIL (India) Ltd

•⁠  ⁠Transition aligns with MGL’s clean energy and growth strategy

Sources: InvestyWise, PETROWATCHpetrowatch.com, InvestyWise