Introduction
Leading city gas and energy firms have signed an MoU to collaborate across the LNG value chain and explore clean energy projects, aiming to expand gas production and develop sustainable energy solutions in India.
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Share price movement of Mahanagar Gas
On October 7, 2025, Mahanagar Gas Limited opened at ₹1,282.55, down 0.08% from its previous close of ₹1,283.15. The stock reached a high of ₹1,333.45 and a low of ₹1,282.55. By 10:34 AM, it traded at ₹1,301.85, a 1.46% increase, with a market cap of ₹12,859.39 crore.
Mahanagar Gas Signs MoU with Oil India
Mahanagar Gas Limited (MGL) and Oil India Limited (OIL) signed a Memorandum of Understanding on October 6, 2025, to collaborate across the LNG value chain and clean energy initiatives.
The MoU was signed by VP (BD, BIS, Commercial & STU) of MGL and ED (BD) of OIL, in the presence of MGL Managing Director and OIL Directors (Operations and HR).
Stock performance of Mahanagar Gas for Period of 1 week, 6 months, and 1 year
Mahanagar Gas Ltd delivered a -0.92% return over the past week, gained 3.09% over the past six months, and declined 29.7% over the past year.
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Shareholding pattern of Mahanagar Gas
| Particulars | Jun 2025 | Mar 2025 | Dec 2024 |
| Promoter | 32.50% | 32.50% | 32.50% |
| FII | 25.50% | 23.80% | 25.80% |
| DII | 32.50% | 33.80% | 31.10% |
| Public | 9.50% | 9.90% | 10.60% |
About Mahanagar Gas
Mahanagar Gas Ltd (NSE: MGL) is a City Gas Distribution company supplying natural gas in Mumbai, adjoining areas, and Raigad District, Maharashtra, providing reliable gas distribution services to residential, commercial, and industrial customers.
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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
FAQs
Q: Why is Mahanagar Gas Limited share price going up today?
A: Mahanagar Gas Limited share price rose after the company signed an MoU with Oil India Limited to collaborate on LNG and clean energy.
Q: What does Mahanagar Gas Limited specialize in?
A: Mahanagar Gas Limited specializes in City Gas Distribution, supplying natural gas to Mumbai, adjoining areas, and Raigad District in Maharashtra.
Q: What is the market capitalization of Mahanagar Gas Limited?
A: The market capitalization of Mahanagar Gas Limited is ₹12,859.39 crore as of October 7, 2025.
