Mahanagar Gas Explained

Mahanagar Gas Limited
Type:Public Sector Undertaking
Traded As:
Location:Mumbai, Maharashtra, India
Area Served:Mumbai Metropolitan Region and adjoining areas
Key People:Ashu Shinghal, Managing Director
Industry:Natural gas
Services:Natural gas distribution
Revenue: (2019–20) [1]
Net Income: (2019–20)
Num Employees:500+
Owner:GAIL (India) Limited (32.5%)

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 steel and over 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.

Notes and References

  1. Web site: 10 June 2020 . Submission of Audited Financial Results for the Quarter and Financial Year ended March 31, 2020 and recommendation of Final and Special Dividend . 28 June 2022.
  2. Web site: September 2020 . PRESENTATION TO INVESTORS . 28 June 2022.
  3. Web site: Barve . Mihika . 2023-11-04 . Mahanagar Gas To Gail: How Indian Gas Firms Fared In Q2 . 2023-11-16 . BQ Prime . en.