In today’s briefing:
- Mahanagar Gas: Favourable Government Initiative to Benefit
Mahanagar Gas: Favourable Government Initiative to Benefit
- Event: The Maharashtra government has proposed to reduce VAT on natural gas.
- MGL is expected to benefit from the proposal (reduction of VAT from 13.5% to 3%).
- In a likely scenario of the company passing on partial benefit to its customers (Rs 2-2.5/scm), we expect a revision in our volume growth estimates
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