In response to reports about a planned Rs 1,000 crore IPO, the company confirmed that its board has approved the proposal. BPCL, GAIL India, and IGL are preparing to list their joint venture city gas ...

BPCL, a Maharatna PSU, revealed its plans for MNGL's IPO via an exchange filing. The company clarified that the IPO is subject to regulatory and other requisite approvals. The move is seen as a step ...

Citi wrote in its note that a listing of MNGL could help unlock value for IGL, as its two Joint Venture Companies, MNGL and CUGL, together contribute ₹56 per share to its price target of ₹450 on the ...

Shares of Bharat Petroleum Corporation (BPCL), Indraprastha Gas (IGL), Gail (India) were in focus on Tuesday, January 7, 2025. BPCL share price, today, rose 2 per cent (Rs 290.5 per share) in the ...

Maharashtra Natural Gas (MNGL) is a natural gas distribution company engaged in supplying Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in Maharashtra.

Currently, IGL holds a 50 per cent stake in MNGL, while BPCL and GAIL each own 22.5 per ... (MIDC), holds the remaining 5 per cent stake. The IPO will mark a significant move for MNGL, which ...

Mark Mobius’ big bet, Infosys shares near 52-week high ahead of Q3 earnings MNGL is a city gas distribution entity. It is a joint venture of two Maharatna PSUs, GAIL (India) and BPCL with equity ...

Bharat Petroleum Corporation (BPCL) approved the initial public offering (IPO) of the Maharashtra Natural Gas (MNGL), mentioned in the latest exchange filing on 06 January. “We would however ...

CMD G Krishnakumar expects BPCL's crude sourcing mix to stabilise in 1-2 months, and is hopeful of government support on LPG under-recoveries.

the business stated in response to news of an IPO for Rs 1,000 crore. At the moment, IGL controls 50% of MNGL, while BPCL and GAIL both share 22.5%. Through the Maharashtra Industrial Development ...

“We would however like to mention that there has been a news report that MNGL, joint venture of BPCL, GAIL, IGL is preparing to list through IPO of over Rs.1000 crore. In this respect, BPCL ...