Markets
Mahanagar Gas Share Price Updates 10 June 2024: MGL unveils growth plans at analyst meet, shares gain over 2%
Mahanagar Share Price Updates: During the analyst meet on June 7, 2024, Mahanagar Gas Ltd. highlighted its plans, targeting a 6-7% overall volume growth, with the recently acquired UEPL expected to contribute over 10% growth. The company announced ESG initiatives aimed at enhancing its sustainability efforts. A compressed CBG plant with a capacity of 1,000 tonnes per day is planned for Mumbai. Additionally, four solar plants, each with a capacity of 10 kW, are being installed at the existing CNG and LNG retail outlets, and a 12 kW/m wind turbine is being set up at CGS Taloja. The stock closed at ₹1410.10 on the BSE on Monday, up by 2.18%.
