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Dolat Capital Report
Mahanagar Gas Ltd. reiterates its position as a trusted natural gas supplier, it remains steadfast to further expand and extend green footprints far and wide, taking strides to responsibly fuel India.
During the pandemic Mahanagar Gas strived to ensure that all customers who need natural gas have an uninterrupted access to the same and it has proactively geared itself to sustain its business in this situation and is firmly on the way to recovery towards pre Covid-19 levels.
While there is ample scope for growing the business of Mahanagar Gas organically in its currently authorised geographical areas, they are continuously looking out for inorganic growth opportunities.
Favourable regulatory environment, government's initiative to replace liquefied petroleum gas connections with piped natural gas in urban areas, increased availability of compressed natural gas filling facilities, replacement of polluting fuels with natural gas in industrial sector, are likely momentum to in-the-city gas distribution.
Mahanagar Gas' top priority will be expanding it's core operations in the existing license areas of Mumbai and adjoining areas as well as in Raigad district.
These areas have large untapped opportunities and offer good potential for long-term growth.
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