Mahanagar Gas Limited (MGL.BO)
Mahanagar Gas Limited operates in the Regulated Gas industry of the Utilities sector, headquartered in Mumbai, MA, IN. The stock last traded at $1130.60, up 1.05% on the session, giving a market capitalisation of $111.66B. Its beta of 0.75 implies it has historically moved less than the broad market.
Established in 1995 and headquartered in Mumbai, India, Mahanagar Gas Limited operates as a prominent natural gas distribution enterprise. The company delivers a comprehensive range of gas products, including piped natural gas (PNG) for commercial, industrial, and residential use, along with compressed natural gas (CNG). In addition, it manufactures gas geysers. Mahanagar Gas maintains a robust infrastructure, catering to 900,000 CNG vehicles via 1,800 dispensing stations. Its expansive pipeline network spans 550 kilometers of steel and 6,000 kilometers of polyethylene lines, serving approximately 4,500 commercial and industrial customers. The company's PNG supplies power for diverse applications, from domestic cooking and water heating to essential operations in hospitals, nursing homes, hotels, flight kitchens, restaurants, and religious establishments.
Mahanagar Gas Limited is most often compared with the following Utilities names: