Shares of city gas distribution (CGD) companies were tanking at the bourses on Monday after the government slashed its Administered Price Mechanism (APM) allocation to these companies by another 20%.

Mahanagar Gas Ltd’s (MGL) shares plummeted 12% last week on volume growth concerns. The city gas distributor’s stock took a beating following minister of petroleum and natural gas Hardeep Singh Puri's ...

As part of this initiative, MGL has waived a security deposit of ₹97 lakh and committed to setting up new gas pipelines and meters at no cost to the businesses. This move significantly reduces the ...

Compliance, data, and cybersecurity technology provider Surge Ventures has made its third acquisition, adding the compliance firm MGL Consulting as a wholly owned subsidiary this week. Terms of the ...