Mahanagar Gas Ltd (MGL) betting on a new market beyond Mumbai with its Raigad gas distribution project, where it plans to invest Rs 50-100 crore annually in five years time. MGL won the Raigad district under the fourth round of Petroleum and Natural Gas Regulatory Board (PNGRB) bidding in 2015 and is likely to start operations in the next financial year. The project, the company said, is likely to start contributing to the company´s total revenues with the start of operations.
Contact: Mahanagar Gas
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