Mahanagar Gas (MGL) has acquired 100% equity stake in Unison Enviro (UEPL). This strategic acquisition, the first in MGL's history, solidifies the company's commitment to its long-term growth strategy. The acquisition was completed on February 1, 2024, subsequent to the receipt of approval from Petroleum and Natural Gas Regulatory Board (PNGRB) on December 13, 2023. Accordingly, UEPL has become Wholly-Owned Subsidiary of the Company with effect from February 01, 2024.
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.
