Mahanagar Gas is currently trading at Rs. 987, up by 3.35 points or 0.34% from its previous closing of Rs. 983.65 on the BSE.
The scrip opened at Rs. 985.00 and has touched a high and low of Rs. 993.05 and Rs. 977.00 respectively.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,053.20 on 28-April-2017 and a 52 week low of Rs. 493.20 on 13-July-2016.
Last one week high and low of the scrip stood at Rs. 1,004.00 and Rs. 955.50 respectively. The current market cap of the company is Rs. 9,765.17 crore.
The promoters holding in the company stood at 65%, while other public held 35% stake in the company.
Mahanagar Gas has inaugurated Piped Natural Gas (PNG) supply in Uran, Raigad district on June 5, 2017. Targeted at the residents of Uran region, MGL has already laid down an infrastructure of Steel and Polyethylene pipeline in the area and will be connecting various areas of Raigad in phases for piped gas supply.
The work of pipeline laying commenced in Uran area and around 4Km MP network has been laid and 50 nos PNG connections have already been done. Initially gas supply to these 50 consumers in Uran is now commencing. Spreading its network in phases, MGL plans to provide the convenience of the safe, convenient, cost effective and environment friendly piped natural gas to almost all feasible households in Uran area benefiting about 3200 households and about 16000 people.
Mahanagar Gas is one of the largest city gas distribution (CGD) companies in India. The company has more than 20 years of experience in supplying natural gas in Mumbai and is presently the sole authorized distributor of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai, its Adjoining Areas and the Raigad district in the state of Maharashtra.
| Company Name | CMP |
|---|---|
| GAIL India | 157.80 |
| Gujarat Gas | 362.60 |
| Indraprastha Gas | 169.25 |
| Mahanagar Gas | 1125.45 |
| Adani Total Gas | 632.90 |
| View more.. | |
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