Mahanagar Gas
Indian natural gas distribution company
| Company type | Public Sector Undertaking |
|---|---|
Traded as | BSE: 539957 NSE: MGL |
| Industry | Natural gas |
| Founded | 1995 (1995) |
| Headquarters | Mumbai, Maharashtra, India |
Area served | Mumbai Metropolitan Region and adjoining areas |
Key people | Ashu Shinghal, Managing Director |
| Services | Natural gas distribution |
| Revenue |  ₹3,300 crore (US$410 million) (2019–20) [1] |
Net income | ₹791 crore (US$99 million) (2019–20) [1] |
| Owner | GAIL (India) Limited (32.5%) |
Number of employees | 500+ |
| Website | www |
Mahanagar Gas Limited (MGL) is an Indian natural gas distribution company, incorporated on 8 May 1995. MGL is an enterprise of GAIL (India) Limited (Maharatna Company of Government of India) and Government of Maharashtra.
Operations
Mahanagar Gas presently supplies CNG to 0.77 million vehicles and piped natural gas to 1.53 million domestic households.[2] Besides 3342 ST/ TMT / MSRTC / NMMT / PMPML buses, more than 6580 /Tempos/Trucks/Private buses are using CNG supplied through its wide distribution network. Consisting of about 450 km (280 mi) steel and over 470 km (290 mi) PE Pipeline over 250 CNG stations through 1268 dispensing points. Mahanagar Gas has also some petrol stations in Maharashtra. It is reported as one of the profitable companies in India.[3]
Mahanagar Gas sources natural gas from a diversified base of suppliers for its domestic and industrial customers. Natural gas for domestic use is supplied by the Ministry of Petroleum and Natural Gas and GAIL under the administered price mechanism agreements while that for industrial and commercial use is sourced from the spot market or long-term contracts.[2]
References
- ^ a b "Submission of Audited Financial Results for the Quarter and Financial Year ended March 31, 2020 and recommendation of Final and Special Dividend" (PDF). 10 June 2020. Retrieved 28 June 2022.
- ^ a b "PRESENTATION TO INVESTORS" (PDF). September 2020. Retrieved 28 June 2022.
- ^ Barve, Mihika (4 November 2023). "Mahanagar Gas To Gail: How Indian Gas Firms Fared In Q2". BQ Prime. Retrieved 16 November 2023.
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