Mahanagar Gas Ltd
Mahanagar Gas challenges infra exclusivity expiry notice
Mar 21,2024
City-gas distributor (CGD) Mahanagar Gas has legally challenged a
regulatory notice about the expiry of the companys infrastructure
exclusivity in Mumbai, the company said. However, Mahanagar Gas (MGL) and
the countrys petroleum and natural-gas regulator are aiming to settle the
matter amicably.Mahanagar Gas also looks to apply for a 10-year extension
to continue its infrastructure exclusivity.In a public notice on March 4,
the Petroleum and Natural Gas Regulatory Board (PNGRB) said the
infrastructure exclusivity granted to geographical areas in Mumbai and
Greater Mumbai has expired.