Mahanagar Gas

India cuts back cheap gas for vehicles even as bad air chokes Delhi

New Delhi, one of world's most polluted cities, was pushed into CNG well over 2 decades ago after a Supreme Court ruling that demanded conversion of all public buses to cope with worsening air quality

Mahanagar Gas Q2FY25 results: Net profit falls 16.5% to Rs 283 cr

State-backed natural gas distributor's profit after tax fell to Rs 283 crore (about $34 million) in the quarter ended Sept. 30 from Rs 339 crore a year earlier, the company said in an exchange filing

Gas distributors IGL, MGL likely to raise CNG prices following 20% APM cut

Mahanagar Gas and Indraprastha Gas may raise prices of compressed natural gas by up to Rs 6 per litre. Meanwhile, their shares plunged by up to 14 per cent in intraday trading on the BSE on Friday

MGL, IGL stocks tank up to 14%; Why are CGD shares falling in trade today?

APM gas allocation cut by around 20% for CNG segment will have an adverse impact on the profitability of MGL and IGL

City gas distributors' MGL, IGL rally 6% on healthy volume growth hopes

According to reports, global brokerage UBS has recommended 'Buy' ratings on IGL and MGL with target prices of Rs 700 per share and Rs 2,400 per share, respectively

Technical outlook on gas-related stocks post Gujarat Gas, GSPL merger plan

Gujarat Gas, GSPL, MGL, IGL and Petronet LNG: Trading strategies for gas-related stocks as Gujarat Gas announces biz restructuring plan. Find out which stock look stronger on charts here.

IGL, MGL, Guj Gas likely to outperform OMCs; Charts show up to 17% upside

Oil & Gas stocks outlook: Indraprastha Gas and Mahanagar Gas are awaiting a breakout from a narrow trading band, show technical charts.

Optimism in natural gas distribution co MGL's stock appears fully priced in

MGL distributes gas through an extensive CGD network of pipelines, and supplies CNG to 0.77 million vehicles and PNG to 1.53 million domestic households

F&O Insights: Grasim among 12 stocks with over 20% OI change in last 4 days

In the derivatives segment, stocks such as India Cement, GMR Infra, Chambal Fertilizers seem to have witnessed long unwinding in recent trading sessions owing to the sharp rally in share prices.

Mahanagar Gas share price at Rs 1,000 or Rs 1,700? Check new target prices

Mahanagar Gas Analyst Meet: Mahanagar Gas share price gained 6.3 per cent to Rs 1,468 apiece on the BSE, in Monday's intraday trade

How to trade Modi stocks ahead of LS election results? Complete guide here

The so-called 'Modi-stocks' have rallied up to 50 per cent in the last six months, suggests a CLSA report. What's in store ahead; here's what the charts suggest.

RIL, Bharti Airtel: What are Modi stocks, and why is CLSA bullish on them?

Within this basket of Modi stocks, the preferred BUYs for CLSA India analysts are ONGC, NTPC, NHPC, SBI, Power Finance, IGL and Mahanagar Gas in the PSU space

Stocks to watch on May 10: Mahanagar Gas, Brigade Ent, Paytm, Adani, LIC

Stocks to watch on May 10, 2024: Paytm has denied media reports about its lending partners invoking loan guarantees due to repayment defaults

Mahanagar Gas legally challenges infrastructure exclusivity expiry notice

City-gas distributor to apply for a 10-year extension to continue its infrastructure exclusivity in Mumbai

Mahanagar Gas slumps 16% as Citi downgrades stock to 'sell'

The brokerage believes city gas distribution companies, such as MGL, stand vulnerable to regulatory changes, wherein the government would want consumers to benefit from sectoral reforms

Gail India's Mahanagar Gas forms LNG joint venture with Baidyanath

Mahanagar Gas, the city utility arm of Gail India, on Friday announced a joint venture with Baidyanath LNG, the first domestic firm to set up LNG retailing outlets, to form Mahanagar LNG. The joint venture will focus on developing LNG infrastructure to cater to the increasing demand for clean and sustainable energy solutions for the long-haul and close-loop transportation segments, MGL said in a statement. The joint venture aims to set up six LNG stations in Maharashtra in the first phase and subsequently expand its footprint across the country, said MGL managing director Ashu Shinghal, who will also be the chairman of the new entity. GJPN Murthy, the chief executive of the JV company, said the new entity will help develop an LNG ecosystem in the country and assist the long-haul automotive and logistics industry in the adoption of cleaner fuel. Mahanagar Gas is one of the largest city gas distributors. It has over 27 years of experience in supplying natural gas in Mumbai and is ..

Mahanagar Gas soars 7% as PAT more-than-doubles in Q2, margins expand

Ebitda margin stood at 30.5 per cent in the Q2FY24 as compared to 16.2 per cent in Q2FY23

Mahanagar Gas to set up Rs 500-cr biogas plant in city, signs MoU with BMC

City gas distributor Mahanagar Gas on Friday signed a memorandum of understanding with the Brihanmumbai Municipal Corporation to set up 1,000 tonnes per day (TPD) compressed biogas (CBG) plant in the megapolis at an investment of around Rs 500 crore. The proposed plant will process up to 1,000 TPD of deep segregated food and vegetable waste that will be supplied by the civic body, the utility company, which is a subsidiary of gas major Gail, a statement said. The waste, also known as CBG feedstock, will be collected from hotels, restaurants, banquet halls, and large vegetable markets/mandis in the city. The feedstock supply will be managed by BMC and will include collection, segregation and delivery. The plant on completion will provide a three-in-one solution, functioning as a biomass waste treatment plant, an organic fertiliser production plant and a green fuel production unit. The compressed biogas produced by the plant will be consumed within the city, it said without disclosing

Sensex, Nifty end flat after choppy day; Indiabulls RE sinks 20%, Zomato 6%

CLOSING BELL: Among sectors, the Nifty PSU Bank index fell nearly 3 per cent, followed by the Nifty Realty index (close to 1 per cent)

Mahanagar Gas hits 52-week high; soars 7% on margin improvement in Q4

The board recommended a final dividend of Rs 16 per equity share having face value of Rs 10 each (i.e. 160 per cent) for FY23.