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Mahanagar Gas Limited

MGL shares surge over 6% following analysts’ meet; global brokerages upbeat

MGL shares surge over 6% following analysts’ meet; global brokerages upbeat

Mon, Jun 10, 2024

Mahanagar Gas Limited shares were in focus after the company's analysts meeting on June 7, 2024. For FY25, the company has a capex plan of around Rs 1,000 crore.

Should you buy, sell or hold Pidilite Industries, Kansai Nerolac, Exide Industries, UPL, Mahanagar Gas other stocks today?

Should you buy, sell or hold Pidilite Industries, Kansai Nerolac, Exide Industries, UPL, Mahanagar Gas other stocks today?

Tue, May 09, 2023

Which stocks to buy, hold or sell today? As Dalal Street enters the May 3 session, here's a look at what brokerages make of some of the key stocks trending today. Stocks such as Pidilite Industries, Kansai Nerolac, Mahanagar Gas Limited, Exide Industries, UPL, Sun Pharma and other shares are on their radar today.

Mahanagar Gas Q4 net profit soars to Rs 269 crore; declares final dividend

Mahanagar Gas Q4 net profit soars to Rs 269 crore; declares final dividend

Mon, May 08, 2023

The company posted a 104 per cent jump in its profit after tax (PAT) for the January-March quarter, a rise to Rs 268.81 crore in FY23 Q4 from Rs 131.80 crore in corresponding quarter last year.

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Mahanagar Gas Dividend: Board announces final dividend of Rs 16

Mahanagar Gas Dividend: Board announces final dividend of Rs 16

Mon, May 08, 2023

Mahanagar Gas said the final dividend is in addition to the interim dividend of Rs. 10 per equity share (i.e. 100%) paid to all the eligible equity shareholders.

MGL shares soar as news of acquiring Unison Enviro cheers D-Street

MGL shares soar as news of acquiring Unison Enviro cheers D-Street

Mon, Mar 06, 2023

After market hours on March 3, Mahanagar Gas announced that the company has signed an agreement to acquire private sector city gas distributor Unison Enviro from Ashoka Buildcon and a Morgan Stanley India Infrastructure-managed investment fund

Mahanagar Gas Limited hikes prices of auto fuels and cooking gas | Check new rates

Mahanagar Gas Limited hikes prices of auto fuels and cooking gas | Check new rates

Fri, Nov 04, 2022

Mahanagar Gas Limited hikes prices of auto fuels and cooking gas: This is the second revision since October when the Centre had increased the price of domestically produced gas.

CNG, PNG price hiked in Mumbai: Check latest rates

CNG, PNG price hiked in Mumbai: Check latest rates

Tue, Oct 04, 2022

The oil ministry's petroleum pricing & analysis cell on September 30 announced new prices for the next six months from October 1, wherein domestically produced gas prices were increased by a steep 40 per cent.

Mahanagar Gas hikes CNG price by Rs 6 per kg, PNG by Rs 4 a unit with immediate effect

Mahanagar Gas hikes CNG price by Rs 6 per kg, PNG by Rs 4 a unit with immediate effect

Wed, Aug 03, 2022

The last increase was effected on July 12 when the state-run utility hiked the retail price of CNG by Rs 6 per kilogram and PNG by Rs 3/SCM.

Mobile CNG stations soon to deliver fuel at customers' doorsteps in Mumbai

Mobile CNG stations soon to deliver fuel at customers' doorsteps in Mumbai

Tue, Jun 14, 2022

CNG customers in Mumbai will soon get the fuel delivered at their doorsteps with energy distribution startup The Fuel Delivery signing a 'letter of intent' with the Mahanagar Gas Limited to set up mobile CNG stations in the city.

CNG price hiked again, 2.5 rupees more expensive, know the latest prices of these cities including Delhi-Noida

CNG price hiked again, 2.5 rupees more expensive, know the latest prices of these cities including Delhi-Noida

Thu, Apr 07, 2022

CNG Price Hike: The common man is getting hit hard on the inflation front. On one hand the price of oil is increasing continuously and on the other hand the price of gas is also increasing continuously. Today again i.e. on Thursday (April 7) the prices of CNG gas have increased. The price of CNG has increased by Rs 2.5 and these new prices will be applicable from 6 am today. Let us tell you that on Wednesday also the price of CNG was increased by Rs 2.5. Mahanagar Gas Limited had revised the prices of CNG to Rs 67 per kg in Mumbai and its adjoining areas. At the same time, the prices of PNG were increased to 41/SCM.

Mahanagar Gas hikes CNG, PNG prices by Rs 2 each

Mahanagar Gas hikes CNG, PNG prices by Rs 2 each

Tue, Oct 05, 2021

Following the steep 62 per cent hike in prices of domestically produced gas announced by the Centre last week, Mahanagar Gas on Monday increased the retail price of compressed natural gas (CNG) and piped natural gas (PNG) by Rs 2 each with immediate effect.

MGL again hikes prices of CNG, domestic PNG

MGL again hikes prices of CNG, domestic PNG

Wed, Jul 14, 2021

Price of Domestic PNG has been increased by Rs.0.55/Standard Cubic Metre and the new rates will be Rs 30.40/SCM in Slab 1 and Rs 36/SCM in Slab 2, for the 800,000-plus customers in the Mumbai Metropolitan Region region

Mahanagar Gas hikes CNG and PNG price in Mumbai, check new rates here

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

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

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

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

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?

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.

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