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Mahanagar Gas Ltd is engaged in the business of City gas distribution (CGD), presently supplying natural gas in the city of Mumbai including adjoining areas and the Raigad District in the state of Maharashtra.
Mahanagar Gas (MGL) is making a strategic investment of Rs 3.89 Cr to acquire a 26% equity stake in FPEL Reliant Energy Private Limited. This move targets the establishment of a solar power plant in Maharashtra. The core rationale is to meet MGL's green energy requirements, significantly optimize energy costs...
Mahanagar Gas (MGL) has announced the completion of its merger with wholly-owned subsidiary Unison Enviro Private Limited (UEPL). This strategic move aims to simplify MGL's corporate structure and streamline operations. The merger officially became effective on August 16, 2025, following the necessary regulatory filings. As UEPL was a wholly-owned subsidiary,...
Mahanagar Gas (MGL) has received the NCLT order approving the merger of its wholly-owned subsidiary, Unison Enviro Private Limited, into MGL. This strategic move aims to simplify MGL's corporate structure and streamline operations. As Unison Enviro is a fully-owned entity, there's no share dilution for existing MGL shareholders. The scheme...
Mahanagar Gas Limited has completed its investment in 43,71,065 equity shares of International Battery Company India Private Limited (IBC India), acquiring a 44% stake. The total investment amounts to ₹35.36 Crore. This acquisition aims to diversify and expand the company’s existing operations into battery cell manufacturing and marketing, in collaboration...
Mahanagar Gas Limited (MGL) has approved a Scheme of Merger with its wholly-owned subsidiary, Unison Enviro Private Limited (UEPL). This merger, aimed at consolidating their city gas distribution businesses, is expected to enhance operational efficiencies, reduce costs, and optimize resource utilization. It will not affect MGL’s financials or its shareholding...