In an interview with CNBC-TV18, SM Ranade, CFO of Mahanagar Gas spoke about the results and his outlook for the company.
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.
Mahanagar Gas is one of India’s largest players in the city gas distribution business and sole authorised distributor of compressed natural gas in Mumbai area. In an interview to CNBC-TV18, Rajeev Mathur, MD, Mahanagar Gas gave an update as to how business is panning out for them so far this quarter.
In an interview to CNBC-TV18, SM Ranade, CFO of Mahanagar Gas gave a sense of how the year gone by was for them and he also spoke about the roadmap for the future.
SM Ranade, CFO of Mahanagar Gas is also confident of margins remaining steady going forward.
Mahanagar Gas launched 100 compressed natural gas (CNG) run scooters in Mumbai. Speaking to CNBC-TV18, Rajeev Mathur, MD of Mahanagar Gas said that he is confident on CNG-run scooters.
Speaking to CNBC-TV18, Rajeev Mathur, MD of the company said the volume growth has been 7.5 percent quarter-on-quarters. He guided for a 7-8 percent rise in quarters ahead.
Outlining future plans, SM Ranade said that the company is working on a technology to combine gas and diesel for vehicles.