Business Standard

Mahanagar Gas

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.

IGL, MGL, Guj Gas likely to outperform OMCs; Charts show up to 17% upside
Updated On : 15 Jul 2024 | 1:05 PM IST

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

Optimism in natural gas distribution co MGL's stock appears fully priced in
Updated On : 11 Jul 2024 | 12:08 AM IST

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.

F&O Insights: Grasim among 12 stocks with over 20% OI change in last 4 days
Updated On : 21 Jun 2024 | 12:22 PM IST

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

Mahanagar Gas share price at Rs 1,000 or Rs 1,700? Check new target prices
Updated On : 10 Jun 2024 | 2:14 PM IST

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.

How to trade Modi stocks ahead of LS election results? Complete guide here
Updated On : 31 May 2024 | 10:17 AM IST

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

RIL, Bharti Airtel: What are Modi stocks, and why is CLSA bullish on them?
Updated On : 30 May 2024 | 10:39 PM IST

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

Stocks to watch on May 10: Mahanagar Gas, Brigade Ent, Paytm, Adani, LIC
Updated On : 10 May 2024 | 8:18 AM IST

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 legally challenges infrastructure exclusivity expiry notice
Updated On : 20 Mar 2024 | 5:53 PM IST

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

Mahanagar Gas slumps 16% as Citi downgrades stock to 'sell'
Updated On : 06 Mar 2024 | 11:28 AM IST

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 ..

Gail India's Mahanagar Gas forms LNG joint venture with Baidyanath
Updated On : 12 Jan 2024 | 8:45 PM IST

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 soars 7% as PAT more-than-doubles in Q2, margins expand
Updated On : 30 Oct 2023 | 10:08 AM IST

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

Mahanagar Gas to set up Rs 500-cr biogas plant in city, signs MoU with BMC
Updated On : 09 Jun 2023 | 6:32 PM IST

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)

Sensex, Nifty end flat after choppy day; Indiabulls RE sinks 20%, Zomato 6%
Updated On : 09 May 2023 | 4:30 PM IST

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.

Mahanagar Gas hits 52-week high; soars 7% on margin improvement in Q4
Updated On : 09 May 2023 | 10:04 AM IST

New gas price policy positive for city gas distributors, oil producers

Market analysts are somewhat divided on the CGD companies and on OIL and ONGC

New gas price policy positive for city gas distributors, oil producers
Updated On : 10 Apr 2023 | 11:40 PM IST

Oil & Gas shares in focus: MGL hits 52-week high; ONGC, IGL jump up to 3%

The Government of India has accepted several key recommendations made by the Kirit Parikh Committee with respect to the pricing of natural gas produced from the APM fields.

Oil & Gas shares in focus: MGL hits 52-week high; ONGC, IGL jump up to 3%
Updated On : 10 Apr 2023 | 10:59 AM IST

Stocks to watch: ONGC, IGL, MGL, RIL, L&T, Titan, Adani Group, Delta Corp

Stocks to Watch: Shares of city gas distributors are likely to be in focus today as they react to government's nod for new pricing regime.

Stocks to watch: ONGC, IGL, MGL, RIL, L&T, Titan, Adani Group, Delta Corp
Updated On : 10 Apr 2023 | 7:16 AM IST

MGL cuts CNG price by Rs 8, PNG by Rs 5 in Mumbai after govt revises price

Gail India subsidiary Mahanagar Gas (MGL) on Friday announced a steep reduction in the retail price of compressed natural gas (CNG) by Rs 8/kg and domestic PNG (piped natural gas) by Rs 5/SCM across its licenced area. The move comes on the heels of the Centre revising the pricing methodology of domestically-produced natural gas on Thursday as proposed by the Kirit Parikh committee and following it with the new price announcement earlier in the day. In February, the city gas distributor reduced its CNG price by Rs 2.5/kg. but prices are still around 80 per cent more than those in April last. MGL is pleased to pass the benefit of the source price reduction in domestic gas cost onto its domestic PNG and CNG consumers. Accordingly, the price of CNG is reduced by Rs 8/kg and domestic PNG is down by Rs 5/SCM in and around Mumbai, a late evening statement from the city gas distributor said. The revised retail price of CNG will be Rs 79/kg and that of domestic PNG Rs 49/SCM effective from

MGL cuts CNG price by Rs 8, PNG by Rs 5 in Mumbai after govt revises price
Updated On : 07 Apr 2023 | 9:34 PM IST

City gas distribution shares trade weak: MGL, IGL fall up to 6%

The government kept domestic gas prices unchanged at $8.6/mmBtu on a provisional basis from April 2023 to September 2023

City gas distribution shares trade weak: MGL, IGL fall up to 6%
Updated On : 03 Apr 2023 | 11:26 AM IST

Manappuram, MGL: Select small-cap stocks are poised for bigger upside

Selective small-cap stocks may rally up to 22 per cent in coming months, show technical charts

Manappuram, MGL: Select small-cap stocks are poised for bigger upside
Updated On : 29 Mar 2023 | 12:30 PM IST