Mahanagar Gas (MGL) : Annual Report 2024

 

  • Mahanagar Gas (MGL) : Annual Report 2024
  • One of India’s leading city gas distribution company providing Compressed Natural Gas (CNG) for mobility and Piped Natural Gas (PNG) to residential, commercial, and industrial customers, serving Mumbai, Urban thane, and Raigad district of Maharashtra
  • Company’s extensive network of ~7,000 Kms of pipeline and 347 CNG stations portrays its commitment to infrastructure development and accessibility. 
  • MGL’s vast infrastructure, coupled with a strong safety management system, ensures the safe, reliable, and uninterrupted distribution of natural gas to its evergrowing customer base  
  • Company’s investment in 3EV Industries Private Limited (3EV), a manufacturer of electric three-wheeler cargo and passenger vehicles, positions it as an entity committed to a cleaner and more sustainable future. These 3W EV’s are expected to replace mostly Diesel & Petrol fuelled small commercial vehicles
  • Signed a Memorandum of Understanding (MoU) with the Municipal Corporation of Greater Mumbai (MCGM) to establish a Compressed Biogas (CBG) plant within Mumbai
  • CNG remains the dominant segment for MGL, accounting for 71% of its sales 
  • The Company has five CGSs, (Mahape, Ambernath, Taloja, Wadala and Savroli) where the natural gas is received, metered, pressure regulated, and odourised. 
  • From the CGSs, the natural gas is then transmitted to CNG filling stations and PNG customers through network of steel and PE pipelines.   

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