Interview

Abstract

Shri Rakesh Kumar Jain is a Cost and Management Accountant by profession, He has rich and varied experience of around 32 years of working in Oil & Gas sector and regulator. Prior to his appointment as Director (Finance), Shri Jain held the position of Executive Director (F&A)-HoD in GAIL. Additionally, Shri Jain holds the position of Chairman in Indraprastha Gas Limited, GAIL Global (USA) Inc., GAIL Global (USA) LNG LLC. & and Director in GAIL Gas Limited, Earlier he was on the Board of Bhagyanagar Gas Ltd., Bengal Gas Company Ltd., Ratnagiri Gas and Power Pvt. Ltd (RGPPL).

As Executive Director (F&A)-HoD, he headed Corporate Finance and was actively involved in mobilisation of funds from domestic and international markets, major investment decisions in various infrastructure projects. He has also been actively involved in Investor relations and interactions with Analysts fraternity.

He has also worked in almost all business verticals of GAIL including GAIL’s largest Petrochemical plant at Pata. He has major contribution in formulation of LNG / RLNG sourcing and sales policy and hedging policy to mitigate the risk as well as hedging of the underlying assets.

Shri Jain has worked in the areas of Treasury including Forex Risk Management, Capital Budgeting, Corporate Accounts, Finalization of Long-Term international LNG and Gas Agreements, Pricing, Liquefaction and Regasification Terminal Service Agreement, Mergers & Acquisitions, Taxation, Regulatory aspects etc.

Besides serving a long tenure at GAIL, he was on deputation to Petroleum and Natural Gas Regulatory Board (PNGRB), as Jt. Director (Commercial and Finance). During his stint at PNGRB, he was actively engaged in the review of tariff regulations, conceptualization of unified tariff, authorization of CGD 9th & 10th bidding rounds, finance functions etc.