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Mayank Maheswari

Morgan Stanley
MGL

Mahanagar Gas Limited

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Mahanagar Gas Limited CC-Feb26.pdf
9 Feb 2026
Open call
  1. I had 2 questions. One, I think, was related to around the volume growth in the Mumbai area. I think if you look at the CNG growth, definitely has seen a bit of tepidness here. Anything that you can help us around what's driving that and anything you're doing to kind of help that growth up?

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  2. And sir, would you be able to quantify the impact of the shift to electric from the BEST buses?

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  3. Got it, sir. Very clear. And the second question is around strategy around gas sourcing. You did say that you are looking at alternative sources around Brent-linked contracts. So if I was to think about in 3 years' time, how do you think your mix of gas sourcing will look like in terms of Henry Hub and crude? Obviously, domestic is linked to crude as well.

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