Hot Pursuit     13-Apr-22
Mahanagar Gas gains on hiking CNG, PNG prices in Mumbai
Mahanagar Gas (MGL) rose 1.75% to Rs 830.80 after the company reportedly hiked CNG and PNG prices with effect from the midnight of 12 April 2022.
The media reported that MGL has hiked Compressed Natural Gas (CNG) price by Rs 5/kg and Piped Natural Gas (PNG) price by 4.50/Standard Cubic Metre (SCM).

CNG will now cost Rs 72/kg and domestic PNG is priced at Rs 45.50/SCM in and around Mumbai, reports added.

MGL is one of the India's leading natural gas distribution companies. It has a natural gas distribution network in Mumbai and its adjoining areas. GAIL (India) (Maharatna Company of Govt. of India) is the promoter of MGL and holds 32.50% stake in the company.

MGL's net profit tumbled 74% to Rs 56.79 crore on 54.2% increase in net sales to Rs Rs 1,027.8 crore in Q3 FY22 over Q3 FY21.

Previous News
  Mahanagar Gas consolidated net profit declines 21.61% in the June 2024 quarter
 ( Results - Announcements 26-Jul-24   07:31 )
  Mahanagar Gas fixes record date for interim dividend
 ( Market Beat - Reports 03-Feb-23   11:00 )
  Mahanagar Gas Q1 PAT down 9% YoY as natural gas costs surge
 ( Hot Pursuit - 08-Aug-22   11:49 )
  Volumes soar at Mahanagar Gas Ltd counter
 ( Hot Pursuit - 08-Aug-22   11:00 )
  Mahanagar Gas standalone net profit rises 106.44% in the September 2023 quarter
 ( Results - Announcements 28-Oct-23   07:35 )
  Mahanagar Gas gains on hiking CNG, PNG prices in Mumbai
 ( Hot Pursuit - 13-Apr-22   11:43 )
  Mahanagar Gas standalone net profit rises 41.53% in the September 2021 quarter
 ( Results - Announcements 27-Oct-21   08:10 )
  Mahanagar Gas
 ( Analyst Meet / AGM - Conference Call 19-Aug-19   16:24 )
  Board of Mahanagar Gas recommends Interim Dividend
 ( Corporate News - 03-Feb-23   10:22 )
  Mahanagar Gas
 ( Analyst Meet / AGM - Conference Call 13-May-19   10:25 )
  Mahanagar Gas to announce Quarterly Result
 ( Corporate News - 10-Jan-20   11:40 )
Other Stories
  Avantel Q2 PAT jumps 42% YoY to Rs 23 cr
  05-Oct-24   17:03
  Equitas SFB total deposits jump 29% YoY in Q2 FY25
  05-Oct-24   16:28
  Ujjivan SFB total deposits rises 17% in Q2 FY25
  05-Oct-24   15:34
  L&T Finance retail disbursements jump 12% YoY in Q2 FY25
  05-Oct-24   14:31
  Bandhan Bank records over 21% YoY jump in loan book during Q2 FY25; deposits at Rs 1.42 lakh crore
  05-Oct-24   13:32
  Lupin's Pune-based biotech facility gets 5 observations from US FDA
  05-Oct-24   13:20
  Macrotech Developers pre-sales jumps 21% YoY in Q2 FY25
  05-Oct-24   09:04
  UCO Bank’s total advances jump 19% YoY in Q2 FY25
  04-Oct-24   15:15
  Vakrangee Ltd leads losers in 'A' group
  04-Oct-24   15:00
  Kamdhenu Ventures Ltd leads losers in 'B' group
  04-Oct-24   14:45
Back Top