The company’s board approved Kumar’s appointment at its meeting held on October 2, 2026, following the recommendation of the Nomination and Remuneration Committee.
Kumar will assume charge as Managing Director & CEO of Petronet LNG from May 13, 2027, which is the date of vacancy for the position, the company said in the filing.
Earlier this year in September, the company authorised a proposal to establish a 50:50 joint venture partnership with Gruner Renewable Energy Private Limited, as documented in an exchange filing submitted on September 17.
The proposed joint venture will be established as a private limited company and will develop 10 compressed biogas (CBG) facilities throughout the nation.
Each facility will possess a production capacity of 18 tonnes per day, with the overall initiative requiring an estimated total investment of ₹1,200 crore.
The approval was granted during Petronet LNG’s board meeting conducted on September 17, 2026.
The shares of Petronet LNG closed higher in an otherwise decline-orientated market. The stock jumped half a percentage point on Thursday. In the past year of trade, the company’s shares have declined 0.37%.
Read More: Petronet LNG approves 50:50 JV with Gruner Renewable Energy to set up 10 CBG plants
First Published: Oct 3, 2026 3:19 PM IST