Mahanagar Gas (MGL) listed on exchanges these days at Rs 540 per share, a twenty eight % rise from its issue worth of Rs 421 per share. Through the initial public offering, MGL has raised Rs one,040 large integer with a worth band at Rs 380-421. talking to CNBC-TV18, SM Ranade, corporate executive of MGL says that sales within the domestic phase, a push for compressed gas (CNG) and industrial area can boost demand and volumes for the corporate.it's potential to travel back to PAT combined annual rate of growth (CAGR) of 7-8 %, he says. Rate of CNG conversion in vehicles has doubled from three,000 vehicles per month to six,000 per month for CNG, says Ranade. Piped gas association has improved to seven,000 a month. GAIL , that incorporates a thirty two.5 % belongings in MGL, is expecting a 20-25 % growth within the company over next few years. In retail sector, MGL can add near one hundred thousand customers once a year, says before Christ Tripathi, CMD OF GAIL. Sales in settled households can push up piped gas (PNG) demand.
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