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The latest announcement is out from Mahanagar Gas Ltd ( (IN:MGL) ).
Mahanagar Gas Ltd addressed a recent incident involving a damaged gas pipeline operated by GAIL (India) Limited, which disrupted the gas supply to Mumbai and its suburbs. Despite the interruption, MGL managed to maintain full supply to domestic and small commercial consumers by utilizing other City Gate Stations (CGS) and ensured that 60% of CNG stations remained operational. The company confirmed that operations have returned to normal, and the disruption did not meet the materiality thresholds for mandatory disclosure under SEBI regulations.
More about Mahanagar Gas Ltd
Mahanagar Gas Ltd is a company operating in the energy sector, specializing in the distribution of natural gas. It primarily serves the Mumbai region, providing compressed natural gas (CNG) and piped natural gas (PNG) to domestic, commercial, and industrial consumers.
Average Trading Volume: 15,177
Technical Sentiment Signal: Hold
Current Market Cap: 123.8B INR
For detailed information about MGL stock, go to TipRanks’ Stock Analysis page.