Mahanagar Gas

Mahanagar Gas hikes CNG rates by ₹2 per kg, domestic PNG by ₹1/SCM

Mahanagar Gas on Monday announced a hike in CNG prices by Rs 2 per kg and domestic piped natural gas (PNG) by Rs 1 per standard cubic meter (SCM) citing a rise in input costs due to the Middle East tensions. The new price of Compressed Natural Gas (CNG) will be Rs 88 per kg in and around Mumbai, effective from midnight on September 1, an official statement said. "In view of the ongoing crisis in the Middle East, which has resulted in a significant increase in input gas prices linked to international indices, MGL has announced a revision in the prices of CNG," the statement said. There is "significant demand" for CNG and a major portion of input gas for the CNG segment is being met through imported spot RLNG (Regasified Liquefied Natural Gas) where the prices are higher, it said. Price hike in CNG will only partially offset the rising cost of input gas and ensure continued and sustained supply of CNG to customers, MGL said. Some 13 lakh CNG vehicles in Mumbai, Thane, Raigad, Ratnag

Mahanagar Gas could gain the most from new CGD incentive for domestic PNG

New policy offers additional low-cost APM gas for incremental billed domestic PNG connections, potentially cutting the payback period on PNG-related capex from 10 years to three

IGL, MGL, Adani Total rally up to 6% on PNG incentive scheme approval

At intraday, Mahanagar Gas was up 5.5 per cent, Indraprastha Gas was up 5.3 per cent and Adani Total Gas was up 4.9 per cent

Nomura says Delhi EV policy structurally negative for IGL; prefers MGL

Nomura said that city gas distribution companies may now need to start to aggressively pursue inorganic opportunities to grow volumes, given the risk of pollution-led CNG mandates in large cities.

Mumbai CNG price hiked by ₹2 to ₹86/kg amid West Asia supply disruptions

MGL has increased CNG prices across the Mumbai Metropolitan Region for the second time this month amid rising energy costs and supply concerns linked to global market disruptions

City Gas Distribution stocks rally on CNG price hike; IGL jumps 5%, MGL 3%

Following the latest revision effective from 6 AM on May 26, the price of CNG in Delhi has increased to ₹83.09 per kg from ₹81.09 earlier

CGD stocks MGL, IGL trade mixed after price hike; here's what analyst says

The CNG price hike announcement follows a sharp rise in wholesale inflation in April. As per data, the wholesale price inflation shot up to a 42-month high of 8.3 per cent.

Oil & Gas stocks tumble as crude regains $105; MGL, IGL, BPCL drop up to 4%

Among the index constituents, Mahanagar Gas fell around 4.5 per cent, followed by IOCL, BPCL, Adani Total Gas, HPCL, Petronet LNG, Chennai Petroleum, and GAIL down over 2 per cent each

Iran war opens opportunities in renewable, CGD cos, but risks remain: Kotak

Iran war-led energy crisis may boost shift to renewable energy sources. Kotak Institutional Equities sees growth for CGD companies but warns of valuation, margin and demand risks

Gas stocks rally on US-Iran de-escalation hopes; analysts see limited gains

Shares of Gujarat State Petronet were up 9 per cent, while Gujarat Gas and Aegis Logistics gained over 7 per cent each

West Asia tensions drag gas stocks; Petronet, GAIL fall up to 5%

Notably, the six-week-long war in West Asia has disrupted global energy supply. India is a net importer of natural gas, relying on overseas supplies for the majority of its consumption.

Mahanagar Gas offers free fuel, bill adjustment for PNG customers

The city gas distributor has announced free gas, fee waivers and discounts for new and existing users following the government's move to prioritise PNG and CNG supply

Gail, IGL, MGL: Is any gas stock worth buying now? Analysts guide

Going ahead, analysts expect natural gas prices to stay elevated in the backdrop of developments in West Asia. In March alone, prices of natural gas have climbed 16 per cent to $3.277/MMBtu

Stocks to Watch today: Wipro, Adani Enterprises, Mahanagar Gas, Borosil

Stocks to Watch today, March 12: Ashok Leyland, Akzo Nobel, Jindal Steel, Bharat Forge, ACME Solar, and Adani Ports are among the top stocks to remain in focus today

New gas order 2026: Nomura decodes impact on MGL, IGL, Gujarat Gas, GAIL

Mahanagar Gas (MGL) and Indraprastha Gas (IGL) are less vulnerable compared to Gujarat Gas, according to Nomura

LNG supply fears hit gas stocks; GAIL, Petronet LNG, Gujarat Gas tumble 5%

The rising concerns over the prolonged closure of the Strait of Hormuz have raised fears of a liquefied natural gas (LNG) shortage

CGD stocks: IGL hits 52-week low, MGL tanks 9% on supply disruption fears

CGD companies may experience higher input gas prices, potential supply cuts and margin pressure amid regulatory and competitive constraints, according to Kotak Securities

Q3 results: SBI, Mahanagar Gas, Chemplast Sanmar among 109 firms on Feb 7

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India-US trade deal 'incrementally' positive for RIL, says Nomura

India-US trade deal is incrementally positive for Reliance Industries as it will reopen access to European Markets due to the availability of Venezuelan crude.

Motilal Oswal flags macro risks in oil & gas; HPCL, GAIL, MGL top picks

The brokerage said INR depreciation of about 6% Y-o-Y in Q3 has weighed on margins of OMCs and CGD players, partly offsetting the benefit of softer crude oil prices.