Falling Natural Gas Production and Poor Import Infra Make PNG a Distant Dream for Most Indians
In July 2015, the Indian government set a target of 10 million PNG (piped natural gas) connections to be made within two years. But as of September...
3.5k Views
Mahanagar Gas Q2 FY17 Results Update
We recently wrote an initiating coverage report on Mahanagar Gas, with a negative bias. The company recently declared its Q2FY17 (July-Sept2016)...
289 Views
Mahanagar Gas-Supply Side Constraint Obscures Growth Visibility
Mahanagar Gas is the sole distributor of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) supplying CNG to 0.42 mn motor vehicles and PNG...
158 Views
Mahanagar Gas IPO - Provides Enough Discount but Might Not Be a High-Flyer
Mahanagar Gas's (MGL) two main shareholders, Gail India Ltd and British Gas, plan to raise US$150m through this IPO by selling 12.5% stake each. We...
265 Views
Mahanagar Gas Pre-IPO Review - Needs to Come in at a Discount to IGL
Mahanagar Gas Limited (MGL), a city gas distributor for Mumbai and its neighbouring region, plans to raise US$150-200m through its IPO. The IPO...
217 Views