Mahanagar Gas reports record performance, expands into lithium batteries

Mahanagar Gas Limited reported its highest-ever performance for the year ended March 31, 2025, driven by growth in gas pipeline networks, CNG infrastructure, and increased industrial and commercial volumes.

Shareholders approved a total dividend of Rs 30 per equity share, comprising a final dividend of Rs 18 and interim dividend of Rs 12 already paid.

The company announced strategic diversification into new energy domains, including an investment in 3EV Industries, a joint venture for lithium-ion cell manufacturing, and a proposed bio-gas project. The company also completed the amalgamation of Unison Enviro Private Limited.