Expect much higher volume growth going ahead: Mahanagar Gas

Mahanagar Gas (MGL) posted a weak set of earnings in Q2. In an interview to CNBC-TV18, Rajeev Mathur, MD of MGL spoke about the results and his outlook for the company.

Achieved volume growth of 4 percent in Q2, said Mathur.

We expect that in the next quarter and in the next six months the volume growth should be much more than what we have been able to achieve in this quarter, he said.

He further said that Indraprastha Gas (IGL) has regulatory support of the legislature as far as mandating people to use compressed natural gas (CNG) whereas in Mumbai it's on voluntary basis to use gas.

Therefore, considering the number of vehicles that get added, the urge of people, economic compulsion for people to use, the growth rate is definitely lower than Delhi but by industry standards or by the rate at which gross domestic product (GDP) is growing, we are in consonance with that, he added.

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