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Mahanagar Gas New Connection Application Form PDF

Mahanagar Gas New Connection Application Form PDF

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over the last few months the share price of gas distribution companies have fallen crazily enterprise cashier is down 35 from its peak whereas moniker gas share price is down 40 so the first reason is due to crazy jump in natural gas import prices lng that is liquefied natural gas spot prices have jumped up to 15 times in last one year due to that the margins of gas distributors have fallen sharply in latest q3 result igl margins fell down from 35 to 21 year on year whereas mgl margins have tanged from 48 percent to 10 on year on basis second reason is due to threat of electric vehicles the rising adoption of electric vehicle could dent the cng vehicle demand in the future hence gas distribution companies are facing a tough time in fact igl has already declared its plan to set up 50 battery swapping stations although both igl and mgl are fundamentally strong but the shaft fall in margins due to crazy jump in gas prices has resulted in poor result for both companies that it resulted in

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