Mahanagar Gas Limited

MGL

INE002S01010

Natural Gas Utilities

Market Closed - NSE India S.E. Other stock markets 07:43:48 2024-04-26 am EDT			5-day change	1st Jan Change
1,461 ^INR	+0.81%		+5.00%	+21.70%

Mar. 21	Jefferies Adjusts Mahanagar Gas’s Price Target to INR1,540 From INR1,515, Keeps at Buy	MT
Feb. 27	Mahanagar Gas to Buy 31% Stake in Electric Vehicles Maker 3EV For INR960 Million	MT

Mahanagar Gas Limited Announces Incorporation of Joint Venture Company

December 27, 2023 at 08:13 am EST

Mahanagar Gas Limited announced that subsequent to the Certificate of Incorporation issued by the Ministry of Corporate Affairs, the Joint Venture Company has been incorporated in the name of "MAHANAGAR LNG PRIVATE Limited" on December 26, 2023, which shall be the subsidiary of Mahanagar Gas Limited and is yet to commence its business operations.

Latest news about Mahanagar Gas Limited

Jefferies Adjusts Mahanagar Gas’s Price Target to INR1,540 From INR1,515, Keeps at Buy	Mar. 21	MT
Mahanagar Gas to Buy 31% Stake in Electric Vehicles Maker 3EV For INR960 Million	Feb. 27	MT
3ev Industries Private Limited announced that it expects to receive INR 960 million in funding from Mahanagar Gas Limited	Feb. 11	CI
India's Mahanagar Gas may raise prices if subsidised supply drops more	Feb. 06	RE
Mahanagar Gas Limited completed the acquisition of Unison Enviro Private Limited from Ashoka Buildcon Limited and North Haven India Infrastructure Fund, managed by Morgan Stanley Investment Management Private Limited for INR 5.6 billion.	Jan. 31	CI
Jefferies Adjusts Mahanagar Gas’ Price Target to INR1,515 From INR1,450, Keeps at Buy	Jan. 25	MT
Transcript : Mahanagar Gas Limited, Q3 2024 Earnings Call, Jan 24, 2024	Jan. 24
Mahanagar Gas' Consolidated Profit Nearly Doubles in Fiscal Q3;	Jan. 24	MT
Mahanagar Gas Limited Approves Interim Dividend for the Financial Year 2024	Jan. 23	CI
Mahanagar Gas Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	Jan. 23	CI
Mahanagar Gas Incorporates New Subsidiary	Dec. 27	MT
Mahanagar Gas Limited Announces Incorporation of Joint Venture Company	Dec. 27	CI
Jefferies Adjusts Mahanagar Gas’ Price Target to INR1,350 From INR1,340, Keeps at Buy	Dec. 22	MT
India's Gujarat Gas posts 26% drop in Q2 profit on lower selling prices	Nov. 02	RE
Nomura Downgrades Mahanagar Gas to Neutral From Buy, Adjusts Price Target to INR1,110 From INR1,250	Nov. 01	MT
Mahanagar Gas Limited Announces Cessation of M. V. Iyer as Director and Chairman	23-10-31	CI
Jefferies Adjusts Mahanagar Gas' Price Target to INR1,340 From INR1,320, Keeps at Buy	23-10-31	MT
Mahanagar Gas' Net Profit Doubles in Fiscal Q2, Revenue Beats Estimates	23-10-30	MT
Transcript : Mahanagar Gas Limited, Q2 2024 Earnings Call, Oct 30, 2023	23-10-30
Mahanagar Gas Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023	23-10-27	CI
Mahanagar Gas to Set Up LNG Business JV	23-10-17	MT
Jefferies Upgrades Mahanagar Gas to Buy From Hold, Adjusts Price Target to INR1,320 From INR1,100	23-10-02	MT
Mahanagar Gas Limited Approves the Final Dividend for the Financial Year Ended on March 31, 2023	23-08-24	CI
Thomas Cook (India) Names Managing Director	23-08-23	MT
Nomura Adjusts Mahanagar Gas’ Price Target to INR1,250 From INR1,295, Keeps at Buy	23-08-08	MT

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Company Profile

Mahanagar Gas Limited is an India-based natural gas distribution company. The Company is engaged in the distribution of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai, Thane and Raigad districts of Maharashtra. It operates in the business of city gas distribution segment. It offers PNG for domestic, commercial and industrial purpose. Its domestic PNG is used for various purposes like cooking and water heating. It is also used by hospitals, nursing homes, hotels, flight kitchens, restaurants, places of worship and others. It offers PNG for various industries, including metal, pharmaceuticals, food and beverages, printing and dyeing, oil mills, power generation and air conditioning. It supplies CNG to Brihanmumbai Electricity Supply and Transport/Thane Municipal Transport/Maharashtra State Road Transport Corporation/Navi Mumbai Municipal Transport (BEST/TMT/MSRTC/NMMT) buses, light commercial vehicles (LCVs)/ tempos/ trucks/private buses. It also installs gas geysers.

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Natural Gas Utilities

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2024-05-07 - Q4 2024 Earnings Release (Projected)

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Sector Natural Gas Distribution

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Natural Gas Distribution