Mahanagar Gas Ltd.

Incorporated in 1995, Mahanagar Gas Limited is a city gas distribution company. Information in this paragraph is copied from chittorgarh.com. Mahanagar Gas supply natural gas in Mumbai and its surrounding areas. Company is sole authorized distributor of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai. CNG is used in motor vehicles and PNG for domestic household use as well as for commercial and industrial use.Company supply CNG though its network of 180 CNG filling stations which includes stations owned and operated by the company, oil marketing companies and private parties. Content in this paragraph is copied from chittorgarh.com. CNG and PNG businesses accounted for 65.10% and 34.90%, respectively, of total gas sales revenue.Company distribute natural gas through an extensive CGD network of pipelines, for which Mahanagar Gas have the exclusive authorization to lay, build, expand and operate the city gas distribution network. Company have a supply network of over 4,464 kms of pipelines.Competitive Strengths:1. Well positioned in Mumbai, one of the most populous cities in the world and second largest metropolitan city in India2. Cost effective availability of domestic natural gas3. Infrastructure exclusivity and established infrastructure network4. Experience in successful development and operation of city gas distribution business.5. Promoters with strong national and multinational experience6. Strong financial performance with consistent growth and profitability

Mahanagar Gas Ltd. proposes to utilise the net proceeds from the Issue for the following objects: