June 23, 2018 10:41 AM ET

Gas Utilities

Company Overview of Maharashtra Natural Gas Limited

Company Overview

Maharashtra Natural Gas Limited operates as a gas distribution company in India. It distributes compressed natural gas (CNG) to the transportation sector, and piped natural gas (PNG) to domestic, commercial, and industrial sectors in Maharashtra. The company was incorporated in 2006 and is based in Pune, India. As of July 13, 2015, Maharashtra Natural Gas Limited operates as a subsidiary of Indraprastha Gas Limited.

A-Block, Plot No.27 Narveer Tanajiwadi

P.M.P.M.L. Bus Depot Commercial Bldg., 1st Floor

Shivaji Nagar

Pune,  411005

India

Founded in 2006

Phone:

91 20 2561 1000

Fax:

91 20 2551 1522

Key Executives for Maharashtra Natural Gas Limited

Managing Director and Director
Director of Commercial and Director
Compensation as of Fiscal Year 2017.

Maharashtra Natural Gas Limited Key Developments

IGL Plans To Buy Out JV Partners

Indraprastha Gas Limited (BSE:532514) which owns 50% in Central U.P. Gas Limited and Maharashtra Natural Gas Limited, plans to wholly own both the joint ventures, Managing Director E S Ranganathan said. Indraprastha Gas plans to buy out its partners in the joint ventures, GAIL (India) Limited (NSEI:GAIL) and Bharat Petroleum Corporation Limited (NSEI:BPCL), to drive the company’s expansion in western and central India. GAIL and BPCL officials weren’t immediately able to comment. “Our strategy consultant has suggested this as a first step, which will be presented to the board next week,” he said. “If these come through, then the expansion in western India can be through MNGL, central India by CUGL and northern India will be done by IGL,” he said. “We have enough cash right now and we may not need to borrow,” he said.

Recent Private Companies Transactions

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