Mahanagar Gas - Story slowly unfolding.
Future Prospects -
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Entered i MOU with BMC to set up to set up CBG plant in Mumbai with a capacity of 1000 tons per day.(Reducing carbon footprints - Which EV sector has not achieved)
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Entered MoU with Baidyanath LNG for setting up LNG stations in Maharashtra and outside also.
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MGL also launched a mobile application MGL-TEZ in partnership with the BEST, the
transport company in Mumbai to facilitate convenient refueling for CNG commercial vehicle. -
As far as our Raigad GA is concerned, they have connected 69,106 domestic households and 29
CNG stations are currently operating there. -
The Savroli station, which is having LNG dispensing facility also was recently commissioned.
And they have started filling LNG into the vehicles from the Savroli station. -
MSRTC currently, they are running about 120-plus CNG buses. And they are expected to roll out 450 more buses to be inducted in 8 MSRTC depots in MGL geographical areas by November or December of this year. So about 50, 60 or so will add on every month.
(So those 450 buses will definitely contribute to volume addition over the next 2 quarters) -
They have recently commissioned online CNG filling facility for the vendor Vithalwadi Depot.
And are in the process of setting up CNG infrastructure in 6 more of their depots which are at:
Panvel, Karjat, Pen, Roha, Alibaug, Uran. -
MGL has signed a Share Purchase Agreement to acquire 100 per cent stake of Unison Enviro Private Limited (UEPL).
This acquisition will enable MGL to expand to newer geographical areas in Maharashtra (Ratnagiri, Latur & Osmanabad) and Karnataka (Chitradurga & Davanagere) thereby providing new avenues for long term growth.
Disclosure - Not Invested
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