Mahanagar Gas Limited's Domestic Gas Allocation Increased by 26%, Boosting Profitability

Pursuant to the Regulation 30(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Mahanagar Gas Limited (MGL) has received a communication from GAIL (India) Limited, the nodal agency for domestic gas allocation, stating that the domestic gas at APM price to MGL will be increased by 26% with effect from 16th January 2025. This increase will raise the allocation for CNG from 37% to 51%. This significant increase in allocation is expected to positively impact the profitability of the Company.