Mahanagar Gas - Strategic Growth Driven By Infrastructure Expansion: Yes Securities

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Yes Securities Report.Mahanagar Gas Ltd. is to play a key role in India’s transition into the city gas distribution segment towards cleaner energy. As per industry, the Indian government’s $67 billion investment to expand the natural gas sector by 2030 poise significant growth in CNG and domestic piped natural gas infrastructure. Allocation policies prioritize APM and high pressure/high temperature gas, ensuring cost-effective supply. Mahanagar Gas’ strategy focuses on expanding customer reach, particularly in Raigad, with major infrastructure investments. The company aims to add three lakh D-PNG connections annually in Mumbai. Unison Enviro Pvt.Ltd.'s network includes 56 CNG stations. The inclusion of natural gas under GST by 2025 could benefit all stakeholders. Mahanagar Gas' joint venture with Baidyanath LNG plans several LNG stations, targeting long-haul transportation. Retrofitting initiatives and a robust capex plan support it’s growth. We maintain a Buy on the stock with a revised target price of Rs 1,730/share (from earlier Rs 1,560). The increase is on a higher PER (x) multiple revised from 13.5 times to 15 times in line with to that of Indraprastha Gas Ltd. which has a similar volume growth profile and prefer Mahanagar Gas in the CGD space..Click on the attachment to read the full report:.Indoco Remedies - U.S. To Drive Growth: Nirmal Bang.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Mahanagar Gas - Strategic Growth Driven By Infrastructure Expansion: Yes Securities

The Indian government is poised to invest $67 billion in the natural gas sector over the next six years, aiming for significant expansion

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