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  • City gas distributors to gain most from Kirit Parikh panel pricing recommendations Dec 01, 2022 05:51 PM IST

    City gas distributors to gain most from Kirit Parikh panel pricing recommendations

    Brokerages said if the suggestions are approved, they will have a positive impact on city gas distribution companies such as Indraprastha Gas and Mahanagar Gas.

  • IGL and MGL: CGD sector is in a spot of bother, any upside left?  Nov 21, 2022 10:46 AM IST

    IGL and MGL: CGD sector is in a spot of bother, any upside left? 

    The CGD sector is heavily dependent on priority sector gas allocation, which has come down to around 90-93 percent, forcing them to use expensive contracted & spot LNG gas to fill the gap

  • The gas crisis in Europe may queer the pitch for these sectors Sep 08, 2022 10:42 AM IST

    The gas crisis in Europe may queer the pitch for these sectors

    European nations are staring at troubles both economic and political, which can have a contagion effect on multiple industries and trading partners

  • MGL net falls 9% on higher gas cost Aug 06, 2022 07:50 PM IST

    MGL net falls 9% on higher gas cost

    Net profit of Rs 185.20 crore in April-June compared with Rs 204.08 crore in the same period a year back, according to a company’s stock exchange filing.

  • MGL hikes CNG price by Rs 6 per kg, PNG by Rs 4 a unit Aug 03, 2022 07:14 AM IST

    MGL hikes CNG price by Rs 6 per kg, PNG by Rs 4 a unit

    The price revision comes amidst rising prices of the natural gas at source both internationally as well as for domestically drilled gas. Rising prices have forced suppliers and distributors to cut down on industrial supplies since the past many weeks.

  • Gas: How CGD companies are navigating these challenging times Jun 14, 2022 10:12 AM IST

    Gas: How CGD companies are navigating these challenging times

    Fourth-quarter performance was better than September’s as international gas prices eased from $50/MMBtu to $20-25/MMBtu. However, the shortage of APM gas continued in the quarter

  • Commodity bulls are charging. How Indian gas companies stack up Apr 06, 2022 09:44 AM IST

    Commodity bulls are charging. How Indian gas companies stack up

    Natural gas demand is expected to increase despite high prices

  • Mahanagar Gas: Does the correction make it a worthy pick? Dec 30, 2021 11:05 AM IST

    Mahanagar Gas: Does the correction make it a worthy pick?

    Mahanagar Gas saw strong growth in CNG/PNG volumes in second quarter

  • Is the city gas distribution sector staring at a de-rating? Sep 21, 2021 10:55 AM IST

    Is the city gas distribution sector staring at a de-rating?

    The ambitious goal of a 15 per cent share in the energy mix by 2030 requires competition in the CGD space and a further decrease in prices for end-consumers.

  • MGL: Superior margin, but limited growth opportunities Jul 02, 2021 11:31 AM IST

    MGL: Superior margin, but limited growth opportunities

    The government announcing the 11th round of city gas distribution bidding may turn out to be a good opportunity for MGL

  • IGL, MGL — Gas distribution companies on a recovery track Nov 27, 2020 11:43 AM IST

    IGL, MGL — Gas distribution companies on a recovery track

    Low LNG price, demand-supply dynamics and regulatory push all augur well for Indraprastha Gas (IGL) and Mahanagar Gas (MGL)

  • Gas price revision – Who gains, who loses? Oct 07, 2020 10:16 AM IST

    Gas price revision – Who gains, who loses?

    Downward revision in gas prices negative for upstream gas players, but positive for downstream gas marketing companies, fertilisers, tiles and power sectors

  • Are domestic city gas distribution players at risk? Sep 29, 2020 09:00 AM IST

    Are domestic city gas distribution players at risk?

  • MGL Q1: Volume decline has bottomed out, but long road ahead Aug 12, 2020 10:05 AM IST

    MGL Q1: Volume decline has bottomed out, but long road ahead

    Reduced travel and industrial activity dent volumes and erodes revenue for MGL in Q1. Recovery is on the cards

  • MGL: Lockdown hits near-term outlook Jun 15, 2020 09:26 AM IST

    MGL: Lockdown hits near-term outlook

  • How safe are gas marketing companies amid the Coronavirus pandemic? Apr 09, 2020 09:57 AM IST

    How safe are gas marketing companies amid the Coronavirus pandemic?

  • Gas distribution company valuations appear inflated, but are backed by solid Q2 earnings Nov 26, 2019 09:14 AM IST

    Gas distribution company valuations appear inflated, but are backed by solid Q2 earnings

  • Ideas for Profit | In these troubled times, keep an eye on downstream gas companies Aug 23, 2019 11:42 AM IST

    Ideas for Profit | In these troubled times, keep an eye on downstream gas companies

  • MGL Q4: Top line growth healthy, but margin feels the pinch May 13, 2019 04:33 PM IST

    MGL Q4: Top line growth healthy, but margin feels the pinch

  • Ideas for Profit | Healthy growth to continue for downstream gas sector Mar 06, 2019 02:05 PM IST

    Ideas for Profit | Healthy growth to continue for downstream gas sector

    Allocation of new GAs in the 10th round of CGD bidding will be an additional growth driver for the future.

  • City gas bidding result: Who gains what? Feb 27, 2019 04:02 PM IST

    City gas bidding result: Who gains what?

    Allocation of complementing geographies stands as a positive for the downstream gas companies and would facilitate higher utilisation of the existing infrastructure, thereby bringing added operating efficiencies in the long term

  • Healthy volumes drive growth for Mahanagar Gas in Q3 Jan 31, 2019 03:26 PM IST

    Healthy volumes drive growth for Mahanagar Gas in Q3

  • Q2 FY19 review: Earnings mixed; accumulate IGL & MGL from the gas space Nov 22, 2018 01:28 PM IST

    Q2 FY19 review: Earnings mixed; accumulate IGL & MGL from the gas space

    Given the macro opportunities, we remain positive on the sector's growth story

  • Gas distribution companies: Fundamentals strong; stocks attractive after steep recent falls Oct 12, 2018 04:12 PM IST

    Gas distribution companies: Fundamentals strong; stocks attractive after steep recent falls

    IGL and MGL are strategically venturing into newer geographies. This would ensure a rapid growth in volumes in the future

  • Gas price revision – Decoding the likely impact Sep 21, 2018 05:07 PM IST

    Gas price revision – Decoding the likely impact

    Any increase in the prices of natural gas could have a visible impact on associated sector companies.