New Delhi : Akshay Kumar Singh has received a 15-month extension till May 2027 as the managing director and chief executive officer of the country's biggest gas importer, Petronet LNG Ltd, according to a regulatory filing.Singh, 64, who took over as Petronet CEO on February 1, 2020, for an initial five-year term, will now superannuate on May 12, 2027.

While the superannuation age in public sector companies is 60 years, Petronet, though headed by the government's top bureaucrat in the Union Ministry of Petroleum and Natural Gas, is registered as a private limited company.Petronet is not under any government watchdog like CAG or CVC and is beyond the purview of RTI. Its board executives enjoy higher remuneration than PSUs and also retire at the age of 65 years. Read Also Petronet LNG Li

See Full Page