Mahanagar Gas Limited (MGL), a leading city gas distribution company, has announced ambitious growth projections for its business segments, signaling a positive outlook for the company's future operations.

Strong Growth Expectations

During a recent conference call, MGL shared its growth expectations for two key business segments:

• UEPL (Unison Enviro Private Limited): The company anticipates a substantial 30% annual volume growth for UEPL over the next 2-3 years. UEPL, a wholly-owned subsidiary of MGL, operates in geographical areas outside MGL's core Mumbai region.

• GA3 (Geographical Area 3): For its GA3 operations, MGL projects a growth range of 15-30%.

These projections underscore MGL's confidence in its expansion strategy and the growing demand for natural gas across its operational areas.

Recent Corporate Developments

In addition to the growth projections, MGL has made several significant announcements:

1. Merger Approval: The company has received approval from the National Company Law Tribunal, Mumbai Bench, for the amalgamation of Unison Enviro Private Limited (UEPL) with Mahanagar Gas Limited. This merger is expected to streamline operations and potentially contribute to the projected growth.

2. Financial Results: MGL has scheduled an earnings conference call to discuss its unaudited standalone and consolidated financial results for the quarter ended June 30. This indicates the company's commitment to transparency and regular communication with investors.

3. Infrastructure Expansion: As of the latest available data, MGL's infrastructure includes:

   • Over 7,539 km of pipeline network
   • 385 CNG filling stations
   • 2.85 million PNG household connections
   • 1.13 million CNG vehicles served

Financial Performance Highlights

MGL's financial results for Q1 show robust performance:

The company's EBITDA margin stood at 24.56% for Q1, demonstrating strong operational efficiency.

Market Position and Future Outlook

With over 30 years of consistent growth, MGL has established itself as one of the largest city gas distribution companies in India. The company's robust financial performance, extensive infrastructure, and strategic growth initiatives position it well for future expansion.

As MGL continues to focus on its core business areas while integrating UEPL's operations, investors and industry observers will be keenly watching how these growth projections materialize in the coming years. The company's commitment to health, safety, and environment (HSE) standards, coupled with its secured gas availability, further strengthens its market position in the evolving energy landscape of India.

Mahanagar Gas Limited (MGL), a leading city gas distribution company, has reached a significant milestone in its corporate restructuring efforts. The company recently announced that it has received the certified true copy of an order from the National Company Law Tribunal (NCLT), Mumbai Bench, approving the amalgamation of its wholly-owned subsidiary, Unison Enviro Private Limited (UEPL), with itself.

Key Details of the Amalgamation

• The NCLT pronounced the order on July 9, 2025, and MGL received the certified copy on July 23, 2025.
• The scheme will become effective upon filing the order with the Registrar of Companies, Maharashtra at Mumbai by both the transferor (UEPL) and transferee (MGL) companies.
• This development follows previous disclosures made by the company on October 24, 2024, November 11, 2024, and July 9, 2025, regarding the amalgamation scheme.

Implications and Next Steps

The amalgamation is expected to streamline operations and potentially lead to improved operational efficiency for Mahanagar Gas Limited. The company will now proceed with the necessary filings to complete the amalgamation process.

About Mahanagar Gas Limited

Mahanagar Gas Limited is one of the largest city gas distribution companies in India, with a strong presence in Mumbai and its adjoining areas. The company provides Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) services to various customer segments.

Recent Financial Performance

While not directly related to the amalgamation news, it's worth noting that MGL has recently reported its financial results for the quarter ended June 30, 2025:

Operational Highlights

As of the latest reported data:

• MGL serves over 2.85 million PNG household connections
• The company operates 385 CNG stations
• It caters to approximately 1.13 million CNG vehicles
• MGL's pipeline network extends over 7,539 kilometers

The amalgamation of Unison Enviro Private Limited with Mahanagar Gas Limited marks a significant step in the company's corporate strategy. As the process moves forward, stakeholders will be keenly watching how this consolidation impacts MGL's operations and market position in the city gas distribution sector.