Market is always forward looking. Where is the future of MGL? They are only in 3 GAs.
Compare the same with IGL. As of now, Delhi contribute 65% of volume. Noida, Greater Noida & Ghaziabad contribute 21%. Rewari 3%, Gurgaon 2%, Karnal 1%, Meerut Muzaffarnagar 1% are other areas for growth. Kanpur, Kaithal is just the beginning. So is Ajmer. Bareilly, Unnao and Jhansi in UP are additional GAs (through collaboration). Then they have 50% share in Maharashtra Natural Gas Ltd (MNGL) – Pune & nearby areas.
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