The Hindu Business Line  Feb 8  Comment 
CD EquisearchMahanagar Gas (Accumulate)CMP: ₹922.65Target: ₹1,067According to the US energy Information Administration India Report, 2016, India was the third largest energy consumer in the world aft...
The Hindu Business Line  Jan 2  Comment 
Mahanagar Gas, in association with Eco Fuel, the Indian partner of Italy’s Lovato, has launched in Mumbai compressed natural gas kits for two-wheelers, which offer safe and economical fuel. In an exc...
The Hindu Business Line  Dec 4  Comment 
Mumbai-based city gas distributor Mahanagar Gas continued its good run in the recent September 2016 quarter. Aided by healthy volume growth and lower cost of sourcing gas, the company’s profit rose a...
The Hindu Business Line  Dec 3  Comment 
IGLSocial hikes CNG price by Rs 1.85/kg in Delhi and Rs 2.15/kg in Noida, Greater Noida and Ghaziabad.
The Economic Times  Nov 30  Comment 
Other stocks in the index include Tata Coffee, Tamil Nadu Newsprint, Somany Ceramics, Shilpi Cable, Reliance Communications and Nilkamal, KNR
The Hindu Business Line  Nov 29  Comment 
City gas distributor Mahanagar Gas Ltd (MGL) has reported a 10.28 per cent increase in its net profit to ₹ 102.25 crore for the September quarter, compared to ₹ 92.73 crore for the June quarter.The co...
The Hindu Business Line  Nov 25  Comment 
Saturday will see two companies — Genus Power Infrastructures and Indosolar — declaring their financial results for the quarter and half year ended September 2016. The boards of Anik Industries, B...
The Hindu Business Line  Oct 9  Comment 
Assured cheap supply and robust demand boost prospects for this city gas distributor
The Economic Times  Sep 23  Comment 
The brokerage expects the company's robust growth to sustain given the relative under-penetration in Mumbai, commissioning of Raigad area and improving gas economics versus alter natives
The Hindu Business Line  Sep 7  Comment 
Turnaround of its petrochemical business and a partial stake sale in Mahanagar Gas Ltd has boosted GAIL (India) Ltd’s net profit for the first quarter of fiscal 2016-17 to nearly four times more than ...


Mahanagar Telephone Nigam Limited (NYSE: MTE) is an Indian telecommunications company competing in the high growth industries of mobile communications and internet service. Mahanagar was the original monopoly provider of fixed-line telephone services in Mumbai and Delhi, but has since the mid 1990s and the opening up of the Indian telecom industry, faced rapid growth and subsequent consolidation of private sector competition.[1] The Indian government continues to hold 56.25% of the company's equity shares despite the government's stated strategy of moving towards open-market policies and their simultaneous granting of licenses to Mahangar's competitors.[2]


  1. MTE 2007 20-F, Item 4: Information on the Company, page 10-49
  2. MTE 2007 20-F, Item 7: Major Shareholders and Related Party Transactions, page 70-71
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