Mahanagar Gas eyes 1 million new PNG connections in FY27, capex raised

Mahanagar Gas Ltd is increasing capital expenditure by twenty percent this financial year. The company plans to triple daily piped natural gas connections to three thousand. They are targeting one million new piped natural gas connections driven by government policies. This expansion aims to convert households from liquefied petroleum gas to piped gas. MGL is increasing infrastructure spend to expand its existing network.