Q2 FY25 Earnings Conference Call
- MGL has to manage sourcing the natural gas through different medium and pass on the cost to consumers. will the demand be the same if the price is hiked?
As I assumed about Sourcing the Gas through other medium for the deallocation of 20% APM will be matched, confirmed by the MGL management during the Q2 FY25 Earnings Conference call.
Also, the volume growth is at 7% Year on Year, Half Yearly.
- MGL has to manage sourcing the natural gas & absorb the cost impacts, which leads to reduction margin eventually. but does this change the demand for PNG & CNG over the long run?
Based on the earnings conference call notes, the MGL management is not going to hike the gas price in the near term. Instead, they will try to improve the operational efficiency & midterm contracts for gas sourcing.
Future Plans:
On October 7 this year, MGL has entered an indicative and nonbinding term sheet with
International Battery Company USA for setting up an EV battery cell manufacturing facility in
India under proposed joint venture company, which is called International Battery Company
Private Limited. The plant initial capacity is 1 GWh, which will be developed in 2 phases of 500
MWh each. The proposed equity investment by MGL in the range of INR385 crores in this joint
venture with the equity stake of approximately 40%.
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