{"id":369443,"date":"2020-08-24T08:18:04","date_gmt":"2020-08-24T02:48:04","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=369443"},"modified":"2020-08-24T08:19:16","modified_gmt":"2020-08-24T02:49:16","slug":"petronet-gives-outgoing-ceo-27-hike-in-fy20-launches-search-for-new-chief","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/petronet-gives-outgoing-ceo-27-hike-in-fy20-launches-search-for-new-chief\/","title":{"rendered":"Petronet gives outgoing CEO 27% hike in FY20; launches search for new chief"},"content":{"rendered":"<p>India&#8217;s biggest gas importer Petronet LNG Ltd gave its outgoing chief executive Prabhat Singh a record 27 per cent rise in remuneration in FY20 and has now begun a search for a new CEO on modified terms that made just retired executives of PSUs ineligible. <\/p>\n<p>Singh, who completes his five-year term as managing director and CEO next month, took home a record Rs 1.8 crore in fiscal 2019-20 (April 2019 to March 2020), according to Petronet&#8217;s latest annual report. <\/p>\n<p>This included Rs 22.5 lakh commission on profit. <\/p>\n<p>Petronet, which is registered as a private limited company but is headed by the oil secretary, had paid him a total of Rs 1.4 crore in the previous fiscal. <\/p>\n<p>The salary paid to the CEO of Petronet is much higher than that is drawn by chairmen of its promoter PSUs, namely GAIL, IOC, ONGC and BPCL.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s biggest gas importer Petronet LNG Ltd gave its outgoing chief executive Prabhat Singh a record 27 per cent rise in remuneration in FY20 and has now begun a search for a new CEO on modified terms that made just retired executives of PSUs ineligible. Singh, who completes his five-year term as managing director and CEO next month, took home a record Rs 1.8 crore in fiscal 2019-20 (April 2019 to March 2020), according to Petronet&#8217;s latest annual report. This included Rs 22.5 lakh commission on profit. Petronet, which is registered as a private limited company but is headed by [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-369443","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/369443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=369443"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/369443\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=369443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=369443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=369443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}