Mahanagar Gas targets 1 million PNG connections by FY27
pre-market1 source ↓written by the desknot a recommendation
- capital expenditure
- 20%
- this fiscal year
- ₹1,800 crore
- by FY27
- 1 million new PNG connections
- daily connections
- 3,000
- in Q1
- 97,461 domestic PNG conversions
Mahanagar Gas Ltd plans to increase its capital expenditure by 20% to ₹1,800 crore this fiscal year, aiming for 1 million new PNG connections by FY27. The company is set to triple its daily connections to 3,000, driven by government policies promoting the shift from LPG. This expansion follows a record 97,461 domestic PNG conversions in Q1, indicating strong operational momentum.
Not investment advice. For informational purposes only.