MGL
Active threads
Mahanagar Gas hikes Mumbai CNG price by ₹2 to ₹88 per kg
Mahanagar Gas has raised CNG prices in Mumbai by ₹2 per kg, effective September 1, bringing the new price to ₹88 per kg. This follows a similar hike by Indraprastha Gas (IGL) in Delhi, reflecting rising input costs. The stock is in focus as the price increase may impact demand but also helps margins.
India offers city gas distributors incentives to boost piped cooking gas connections
India has approved an incentive scheme for city gas distributors to expand piped natural gas (PNG) connections for domestic cooking, triggering a rally in shares of IGL, MGL, and Adani Total Gas, which gained up to 6% on Wednesday. The scheme aims to increase PNG penetration, and analysts are assessing the financial impact on these companies. The policy details, including incentive amounts and eligibility criteria, are being digested by the market.
Intelligence feed
No articles in the last 24 hours.