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Mahanagar Gas forms JV with Baidyanath LNG

15 Jan 2024 Evaluate

Mahanagar Gas (MGL) has unveiled a joint venture (JV) with Baidyanath LNG, the first domestic firm to set up LNG retailing outlets, to form Mahanagar LNG. The joint venture will focus on developing LNG infrastructure to cater to the increasing demand for clean and sustainable energy solutions for the long-haul and close-loop transportation segments.

The joint venture aims to set up six LNG stations in Maharashtra in the first phase and subsequently expand its footprint across the country.

Mahanagar Gas is in the business of City Gas Distribution (CGD), supplying natural gas in the city of Mumbai including its adjoining areas and the Raigad district, in the State of Maharashtra, India.


Mahanagar Gas Share Price

1136.55 -1.45 (-0.13%)
21-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
GAIL India 160.80
Gujarat Gas 374.25
Indraprastha Gas 167.25
Mahanagar Gas 1136.55
Adani Total Gas 614.85
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