Former Chairman and MD of GAIL, CR Prasad passes away at age of 83

CR Prasad, former chairman and managing director of state-owned gas utility GAIL (India) Ltd, has died. He was 83.

Prasad died on Saturday, GAIL said in a post on LinkedIn. It, however, did not give reasons for the death.

"Dr CR Prasad joined GAIL as Director (Planning) in 1994 and rose to the position of CMD in 1996," it said.

He was chairman and managing director (CMD) of the company till his superannuation in 2001.

"He was instrumental in transforming GAIL into a company strategically positioned for forward and backward integration, thereby unlocking the full potential of the gas value chain.

"His visionary leadership established a robust foundation, characterised by the core values and competencies that define the company today. A meticulous project manager, he consistently delivered projects on time and within budget, solidifying his reputation as a pioneer in LPG, liquid hydrocarbons, and petrochemicals," it said.

Industry leaders condoled his death.

Suresh P Manglani, CEO