In a notable development, Mahanagar Gas Limited (MGL) has planned a capital expenditure of Rs 8 billion for the development of compressed natural gas (CNG) and piped natural gas (PNG) infrastructure in financial year (FY) 2023-24.
Of the planned expenditure, around Rs 5.3 billion is committed for investment in Unison Enviro.
Besides, it is planning to establish 50 CNG stations along with expanding PNG infrastructure.
MGL is one of India’s leading natural gas distribution companies. It has a natural gas distribution network in Mumbai and its adjoining areas and is promoted by GAIL (India) Limited.