Mahanagar Gas Limited — Important, 17-10-2024: Updates

Mahanagar Gas Limited has announced a ~20% reduction in its allocation of APM natural gas for CNG (Transport) effective October 16, 2024, impacting profitability. To address this shortfall, the company is exploring alternative gas sourcing options, including High Pressure High Temperature (HPHT) gas and long-term contracts to ensure price stability for customers.