January 21, 2018 8:25 AM ET

Gas Utilities

Company Overview of Mahanagar Gas Limited

Company Overview

Mahanagar Gas Limited operates as a natural gas distribution company primarily in India. It offers domestic piped natural gas (PNG), commercial PNG, industrial PNG, and compressed natural gas (CNG). As of March 31, 2017, the company supplied CNG to 9,48,892 households, 3,218 commercial consumers, and 62 industrial consumers; and approximately 5.45 lakh vehicles through 203 CNG stations, as well as operated a pipeline network of 4,838 kilometers. Mahanagar Gas Limited was founded in 1995 and is based in Mumbai, India.

MGL House

G-33 Block

Bandra-Kurla Complex

Bandra (East)

Mumbai,  400051

India

Founded in 1995

487 Employees

Phone:

91 22 6678 5000

Fax:

91 22 2654 0092

Key Executives for Mahanagar Gas Limited

MD & Director
Age: 56
Total Annual Compensation: 7.5M
Chief Financial Officer
Age: 55
Total Annual Compensation: 6.8M
Company Secretary & Compliance Officer
Age: 39
Total Annual Compensation: 2.9M
Compensation as of Fiscal Year 2017.

Mahanagar Gas Limited Key Developments

Mahanagar Gas Limited - Shareholder/Analyst Call

Mahanagar Gas Limited - Shareholder/Analyst Call

Mahanagar Gas Limited Announces Board Changes

The Board of Directors of Mahanagar Gas Limited in its meeting held on November 20, 2017 has appointed Mr. Goutam Ghosh as Whole Time Director designated as Technical Director of the company effective from November 20, 2017 till further notice from BG Asia Pacific Holdings Pte. Limited, subject to maximum period of five years, as stipulated under the provisions of Companies Act, 2013, subject To Approve the Shareholders. Mr. Goutam Ghosh is nominee Director of BG Asia Pacific Holdings Pte. Limited on the Board of Mahanagar Gas Limited and is not related to any other Director of the company. Further, pursuant to Regulation 30 and Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Ms. Susmita Sengupta, ex-Whole Time Director designated as Technical Director, who has demitted office on November 06, 2017, was also a Director on Board of M/s. Dunn Sen Limited (a foreign Company), which has come to the knowledge of MGL now and is accordingly being disclosed.

Mahanagar Gas Limited, Board Meeting, Nov 20, 2017

Mahanagar Gas Limited, Board Meeting, Nov 20, 2017, at 10:30 Indian Standard Time. Agenda: To appoint Goutam Ghosh as Whole Time Director designated as Technical Director of the company.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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