Purkayastha takes over as GAIL Director (Finance)

Subir Purkayastha on Friday took over as Director (Finance) of state-owned gas utility GAIL (India) Ltd. A Chartered Accountant and Company Secretary by professional qualification, Purkayastha was Executive Director (Finance & Accounts) with GAIL before being elevated to the Board, the company said in a statement here.

He replaces P K Jain, who superannuated on Thursday. Purkayastha, 56, is also a Director with GAIL Gas (USA) Inc, Ratnagiri Gas & Power Pvt Ltd (RGPPL) and TAPI Pipeline Co Ltd. He joined GAIL in 1985 as a Finance Officer and rose to the position of Executive Director, the statement said. Meanwhile, Prime Minister Narendra Modi has called a meeting of infrastructure ministries including Road Transport and Shipping, Civil Aviation, Power and New and Renewal Energy tomorrow to take stock of projects and chart out future course of action.

“The meeting to be chaired by the Prime Minister would be attended by Ministers and secretaries of various ministries related to infrastructure and discuss the way forward,” a source said. Finance Minister Arun Jaitley, Road Transport, Highways and Shipping Minister Nitin Gadkari, Railway Minister Suresh Prabhu and Piyush Goyal, who holds the three portfolios--, Power, Coal and New and Renewal-- among others are expected to be present in the meeting. Besides, secretaries of these departments would also be present. The Prime Minister is likely to take stock of the infrastructure development activity.