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Mahanagar Gas Ltd ( (IN:MGL) ) has issued an update.
Mahanagar Gas Limited announced the successful passing of a resolution through a remote e-voting process, appointing Dr. P. Anbalagan as a Non-Executive, Non-Independent, and Nominee Director on the company’s board. This appointment, approved by shareholders, reflects the company’s ongoing governance enhancements and its alignment with the Government of Maharashtra’s strategic interests, potentially impacting its operational and strategic direction.
More about Mahanagar Gas Ltd
Mahanagar Gas Limited operates in the energy sector, primarily focusing on the distribution of natural gas. The company provides piped natural gas to domestic, commercial, and industrial sectors and compressed natural gas for vehicles, primarily serving the Mumbai region and surrounding areas.
YTD Price Performance: 4.77%
Average Trading Volume: 20,787
Current Market Cap: 130.8B INR
Learn more about MGL stock on TipRanks’ Stock Analysis page.