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September 03, 2015 4:00 PM ET

Gas Utilities

Company Overview of Mahanagar Gas, Ltd.

Company Overview

Mahanagar Gas, Ltd. operates as a natural gas distribution company in India. The company’s products include domestic piped natural gas (PNG), commercial PNG, industrial PNG, and compressed natural gas. It distributes gas to households; small commercial and industrial establishments; vehicles, including rickshaws, taxis/cars, buses, and LCVs/tempos/trucks/private buses. The company’s products are used in hotels, including restaurants and food caterers; industries, such as metal, pharmaceutical, printing and dyeing, oil mills, food and beverages, and FMCG products manufacturers; hospitals, including clinics; charitable trusts, such as temples, churches, gurudwaras, government hospitals, cremat...

G- 33 Block

Bandra Kurla Complex

Bandra (East)

Mumbai,  400 051

India

Founded in 1995

Phone:

91 22 5678 5000

Fax:

91 22 5690 8076

Key Executives for Mahanagar Gas, Ltd.

Managing Director and Director
Age: 61
Technical Director and Director
Compensation as of Fiscal Year 2015.

Mahanagar Gas, Ltd. Key Developments

Mahanagar Gas Appoints Ashutosh Karnatak as its New Chairman

Mahanagar Gas appointed Ashutosh Karnatak as its new chairman with effect from May 28, 2015. Prior to his appointment at MGL, Karnatak was director (projects) of state-run gas distributor GAIL India. He has over 30 years of experience in the gas sector. During this tenure, he has carried out several projects like building of trunk pipelines, including Dahej-Uran, Dabhol-Bangalore, R-LNG terminal at Dabhol, LPG gas processing facility at Gandhar and petrochemical facilities at Pata and Vijaipur.

Mahanagar Gas Seeks Financing

Mahanagar Gas, Ltd. is looking to raise approximately INR 8 billion in a stock market listing in the first quarter of 2015. The company is expected to file for the IPO with market regulator Securities and Exchange Board of India over the next month.

BG And Gail Reportedly To Sell Stake In Mahanagar Gas In An IPO

British Gas India Pvt. Ltd. and GAIL (India) Limited (BSE:532155) are planning to sell 49.75% stake each in Mahanagar Gas, Ltd. in a initial public offering, according to The Economic Times. The IPO will be worth around INR 10 billion.

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