India Energy Week 2025: Common carrier rule opens new avenues for MGL

Mumbai-headquartered Mahanagar Gas (MGL) is looking to make the most of the new amendments to the Petroleum and Natural Gas Regulatory Board (PNGRB) Act, 2006, aimed at ending the monopoly of existing city gas distributors (CGDs) in their respective areas. Promoted by GAIL (India), MGL operates in several areas of Maharashtra.

 

Speaking with Business Standard on the sidelines of India Energy Week in New Delhi, Ashu Shinghal, managing director of MGL, said that when the sector opens under the Act, they will get at least a 12 per cent return on their investment.

 

“We will have an opportunity to go