Alpha Tribe

Mahanagar Gas LimitedImportant, 15-04-2025: Disclosure of material issue

15-04-2025 · 05:28 pm

The allocation of Administrative Price Mechanisms (APM) natural gas to Mahanagar Gas Limited has been reduced by approximately 18% effective April 16, 2025, compared to previous allocations. This decrease in APM supply will have a negative impact on profitability, as the missing volume is being replaced by New Well/Well Intervention gas (NWG). The company is currently exploring various measures to mitigate this impact. Shareholders should remain vigilant as this development could affect future financial performance.

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