Ravindran at IGL

Vol 15, PW 9 (03 Nov 11) News in Brief
     

M.

Ravindran officially took charge on October 27 as managing director of Indraprastha Gas replacing Rajesh Vedvyas who returned to parent company GAIL. But Ravindran’s first workday at the GAIL and Bharat Petroleum Delhi-based gas retail venture, where he might remain for the next three years, was on October 31.

Ravindran was previously CEO of GAIL’s retail gas subsidiary GAIL Gas, and is credited with spearheading the company’s entry into the domestic gas sector. It was Ravindran’s idea, says an observer, to quote ‘zero network tariffs’ and win the north Indian towns of Dewas, Meerut, Sonepat and Kota during India’s first retail gas licence auction in April 2009.

Rivals accused GAIL Gas of using ‘cut-throat’ methods but, in another auction held in 2009, Adani Energy and partner IndianOil copied the zero network tariff strategy to emerge lowest bidder for Ghaziabad. GAIL executive director J.

Wasan has replaced Ravindran as GAIL Gas CEO.