Mahanagar Gas APM allocation reduced; profitability may be impacted

Mahanagar Gas Limited (MGL) announced a reduction of approximately 18% in its allocation of APM natural gas, effective April 16, 2025. This reduction, based on the Ministry of Petroleum and Natural Gas policy, impacts the gas allocated for Domestic PNG and CNG (Transport) segments. While the reduced APM volume has been replaced with New Well/Well Intervention gas (NWG), MGL anticipates an adverse impact on its profitability and is exploring measures to mitigate this impact. The announcement fulfills disclosure requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.