{"id":572334,"date":"2023-04-27T11:22:01","date_gmt":"2023-04-27T05:52:01","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=572334"},"modified":"2023-04-27T12:16:32","modified_gmt":"2023-04-27T06:46:32","slug":"mgl-to-expand-into-cbg-lng-ev-segments","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/mgl-to-expand-into-cbg-lng-ev-segments\/","title":{"rendered":"MGL to expand into CBG, LNG &amp; EV segments"},"content":{"rendered":"<p>In a bid to diversify its portfolio, state-run city gas distributor (CGD) Mahanagar Gas Ltd (MGL) is planning to expand into business areas other than city gas distribution (CGD), a senior executive said.<\/p>\n<p>The company is planning to enter the compressed biogas (CBG) segment, the electric vehicles market, equipment manufacturing for CGD companies and retailing LNG as fuel for long-haul transportation.<\/p>\n<p>&#8220;We have some cash on our balance sheet and we would like to expand our portfolio in terms of seeing how we can make its best use,&#8221; said Ashu Shinghal, managing director, MGL. &#8220;Our net worth is around \u20b94,000 crore. We are a zero-debt company, so we can also take a loan in case required,&#8221; added Shinghal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a bid to diversify its portfolio, state-run city gas distributor (CGD) Mahanagar Gas Ltd (MGL) is planning to expand into business areas other than city gas distribution (CGD), a senior executive said. The company is planning to enter the compressed biogas (CBG) segment, the electric vehicles market, equipment manufacturing for CGD companies and retailing LNG as fuel for long-haul transportation. &#8220;We have some cash on our balance sheet and we would like to expand our portfolio in terms of seeing how we can make its best use,&#8221; said Ashu Shinghal, managing director, MGL. &#8220;Our net worth is around \u20b94,000 [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-572334","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/572334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=572334"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/572334\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=572334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=572334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=572334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}