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Mahanagar Gas Limited News
Mahanagar Gas Limited
Mahanagar Gas hikes CNG and PNG price in Mumbai, check new rates here
Sat, Jun 09, 2018
MGL is constrained to increase the basic price of Compressed Natural Gas (CNG) by Rs. 1.51/kg and Domestic Piped Natural Gas (PNG) by Rs 0.33/ SCM in and around Mumbai, effective from midnight of June 08, 2018 / morning of June 09, 2018.
CNG taxis, autos pose threat, Maharashtra govt set to launch crackdown
Fri, Apr 06, 2018
The Maharashtra government has taken cognizance of the fact that auto rickshaws and taxis are not taking proper care of CNG tanks and have now formed a committee to look into it. The issue is crucial as it concerns the safety of passengers availing these modes of transport.
Oil & Gas sector overdone with demonetisation fears: Edelweiss
Wed, Feb 22, 2017
The report mentioned that in the current quarter (Q4FY17), 9% rally in oil will drive upstream earnings and result in some inventory gains for downstream players.
Mahanagar Gas reports 30% rise in Q3
Sun, Feb 12, 2017
In Q3, sales volumes went sequentially down by 1.56%. MGL said, “This was mainly on account of impact of demonetization mainly in case of CNG.” While net sales was below 3.32% yoy to Rs 500.84 crore due to pass through of reduction in input gas cost.
5 IPOs that gave over 100% return in 2016
Sat, Dec 31, 2016
2016 has been a good year for companies wanting to list on stock markets to raise money. With over 80 initial public offerings (IPOs) hitting the Indian markets, over Rs 26,000 crore was raised this year.
Mahanagar Gas IPO opens today; should you subscribe?
Tue, Jun 21, 2016
Mahanagar Gas Limited (MGL) is the sole distributor of Compressed National Gar (CNG) & Piped Natural Gas (PNG) in Mumbai, its adjoining areas and Raigad district (Maharashtra). The company has a supply network of over 4,646 km of pipelines, which involves 4,231 km of polyethylene pipeline and 415 km of steel pipeline as of FY16.