Mahanagar Gas Share Price Gains Over 2%; Signs MoU with Oil India to Collaborate on LNG Value Chain

Mahanagar Gas Limited (MGL), one of India’s leading city gas distribution companies, has entered into a strategic partnership with Oil India Limited (OIL), a Maharatna public sector enterprise. 

Through a Memorandum of Understanding (MoU) signed on October 6, 2025, both companies will collaborate to explore opportunities across the LNG value chain and emerging clean energy areas.

Collaboration Across the LNG Value Chain

The MoU was signed by senior executives of both organizations in the presence of MGL’s Managing Director and OIL’s Director (Operations) and Director (HR). MGL has already expanded its presence in LNG retail operations and continues to pursue clean energy initiatives. 

OIL, with its extensive hydrocarbon exploration and development programs, aims to ramp up gas production while advancing clean energy projects.

Focus on Cleaner Transport and Energy Innovation

The partnership aims to evaluate technical and commercial viability of LNG in the heavy-duty transport segment and identify new opportunities in clean energy. According to MGL’s Managing Director, the collaboration will support the adoption of cleaner fuels in long-haul transport, enabling greener logistics and lowering pollution. OIL emphasized its focus on scaling successful pilot projects to commercial levels.

Mahanagar Gas Share Price Performance

Mahanagar Gas shares were trading at ₹1,312, up 2.24% (₹28.80) from the previous close of ₹1,283.20. The stock opened at ₹1,284.40 and touched an intraday high of ₹1,333.70. The volume-weighted average price (VWAP) stood at ₹1,311.16.

Read More: Oil India Share Price in Focus as Company Signs MoU with GAIL to Boost Natural Gas Collaboration.

Conclusion

The signing of the MoU between Mahanagar Gas and Oil India marks a significant development in India’s clean energy landscape. By combining their expertise, both organizations aim to unlock new opportunities in the LNG and clean energy sectors, supporting broader industry shifts toward sustainability and innovation.

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