In response to reports about a planned Rs 1,000 crore IPO, the company confirmed that its board has approved the proposal. BPCL, GAIL India, and IGL are preparing to list their joint venture city gas ...

Citi wrote in its note that a listing of MNGL could help unlock value for IGL, as its two Joint Venture Companies, MNGL and CUGL, together contribute ₹56 per share to its price target of ₹450 on the ...

Shares of Bharat Petroleum Corporation (BPCL), Indraprastha Gas (IGL), Gail (India) were in focus on Tuesday, January 7, 2025. BPCL share price, today, rose 2 per cent (Rs 290.5 per share) in the ...

BPCL, a Maharatna PSU, revealed its plans for MNGL's IPO via an exchange filing. The company clarified that the IPO is subject to regulatory and other requisite approvals. The move is seen as a step ...

The third quarter is expected to be weak for both IGL and MGL, but the fourth quarter of FY25 could see improvement, driven by the partial reinstatement of the APM allocation cut and potential price ...

Maharashtra Natural Gas (MNGL) is a natural gas distribution company engaged in supplying Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in Maharashtra.

The IPO will mark a significant move for MNGL, which has been expanding its footprint across Maharashtra, Karnataka, and Telangana. MNGL, which primarily caters to Pune, Pimpri-Chinchwad ...

Maharashtra Natural Gas Limited (MNGL), a joint venture of BPCL, GAIL, and IGL, is preparing to list through an Initial Public Offering (IPO) of over Rs 1,000 crore,' BPCL stated in a regulatory ...

Broader implications for the CGD market Citi Research noted that the IPO could improve visibility on MNGL’s earnings trajectory, especially in light of regulatory changes, including the recent APM gas ...

Mark Mobius’ big bet, Infosys shares near 52-week high ahead of Q3 earnings MNGL is a city gas distribution entity. It is a joint venture of two Maharatna PSUs, GAIL (India) and BPCL with equity ...

Following the state-owned refiner’s in-principle clearance of the initial public offering (IPO) of Maharashtra Natural Gas Ltd (MNGL), a joint venture with GAIL and Indraprastha Gas Ltd (IGL ...

“We would however like to mention that there has been a news report that MNGL, joint venture of BPCL, GAIL, IGL is preparing to list through IPO of over Rs.1000 crore. In this respect, BPCL ...