From IGL to MGL to Gujarat Gas: CGD stocks tank up to 20%; here's why
The sharp sell-off reflects market concerns over rising input costs due to lower APM gas availability, impacting profitability expectations.
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Mahanagar Gas ventures into battery cell manufacturing
The foray into battery cell manufacturing will strengthen Mahanagar Gas' position in the evolving energy space, says Ashu Shinghal, managing director of MGL.
Mahanagar Gas hikes CNG, PNG prices in Mumbai; stock rises 5%
MGL has raised CNG prices by ₹1.50 per kilogram to ₹75 per kg, and domestic PNG prices by ₹1 per standard cubic meter (SCM) up to ₹48 per SCM.
City gas distributors' shares tank up to 17%; MGL, IGL, Gujarat Gas lead fall
Mahanagar Gas on Tuesday cut CNG prices by ₹2.5 per kg to ₹73.50 per kg, citing dip in gas input costs.
Mahanagar Gas shares hit 52-week high on acquisition of Unison Enviro
The company will acquire 100% stake in Unison Enviro, the city gas distribution arm of Ashoka Buildcon, for ₹531 crore.
IGL, Adani Total, Gujarat Gas, MGL surge up to 7%; here’s why
The oil ministry has ordered the diversion of natural gas from industries to the city gas distribution to cool down the CNG and piped cooking gas prices
