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Mahanagar Gas
4.3
based on 368 Reviews
Company Overview
Company Locations
About Mahanagar Gas
Founded in1995 (29 yrs old)
India Employee Count501-1k
Global Employee Count501-1k
India HeadquartersMumbai, Maharashtra, India
Websitemahanagargas.com
Primary Industry
Other Industries
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Mahanagar Gas Limited, (MGL) one of the India's leading Natural Gas Distribution Companies was incorporated on 8th May 1995. GAIL (India) Limited (Maharatna Company of Govt. of India) is the promoter of MGL.
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Mahanagar Gas Ratings
based on 368 reviews
Overall Rating
4.3/5
How AmbitionBox ratings work?
5
187
4
106
3
40
2
13
1
22
Category Ratings
4.1
Work-Life Balance
4.1
Job Security
4.0
Company Culture
3.9
Salary & Benefits
3.7
Work Satisfaction
3.7
Skill Development
3.3
Promotions/Appraisal
Mahanagar Gas is rated 4.3 out of 5 stars on AmbitionBox, based on 368 company reviews. This rating reflects a generally positive employee experience, indicating satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Mahanagar Gas
based on 345 reviews
4.2
Rated by 20 Women
Rated 4.7 for Job Security and 4.4 for Work-Life Balance
4.3
Rated by 325 Men
Rated 4.0 for Work-Life Balance and 4.0 for Job Security
Work Policy at Mahanagar Gas
based on 25 reviews in last 6 months
Work from office
92%
Permanent work from home
4%
Hybrid
4%
Mahanagar Gas Reviews
Top mentions in Mahanagar Gas Reviews
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Mahanagar Gas Salaries
3.9
rated by 368 employees for salariesProject Engineer
(435 salaries)
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₹3 L/yr - ₹4.5 L/yr
Deputy Manager
(98 salaries)
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₹11.4 L/yr - ₹20 L/yr
Site Engineer
(38 salaries)
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₹1.5 L/yr - ₹4.6 L/yr
Third Party Engineer
(35 salaries)
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₹3.3 L/yr - ₹4 L/yr
Project Engineer Mechanical
(33 salaries)
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₹2.5 L/yr - ₹4.4 L/yr
Safety Officer
(32 salaries)
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₹1.2 L/yr - ₹6.8 L/yr
Project Manager
(20 salaries)
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₹3.3 L/yr - ₹22.6 L/yr
Inspection Engineer
(20 salaries)
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₹2.7 L/yr - ₹4 L/yr
Site Supervisor
(20 salaries)
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₹1.5 L/yr - ₹3.5 L/yr
Supervisor
(19 salaries)
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₹1.7 L/yr - ₹7.9 L/yr
Mahanagar Gas Interview Questions
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Interview Process at Mahanagar Gas
based on 4 interviews in last 1 year
Interview Experience
4.5
Good
Difficulty level
Moderate
100%
People are getting interviews through
based on 21 Mahanagar Gas interviews
Job Portal
42%
Referral
19%
Company Website
10%
Campus Placement
5%
*24% candidates got the interview through other sources
High confidence
Mahanagar Gas Jobs
Mahanagar Gas News
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Mahanagar Gas Limited Partners with Nawgati
- Mahanagar Gas Limited (MGL) has partnered with Nawgati, a fuel aggregator startup, to manage a fleet program.
- The program aims to promote the use of CNG during the MGL CNG Mahotsav 2.0.
- Nawgati will handle the fleet program, helping grow and sustain the CNG network in Mumbai, Thane, and Raigad districts.
- Through this partnership, Nawgati has provided a digital platform for fleet operators to pay for refueling at participating MGL stations and manage their fleets.
VIE Stories | 5 Dec, 2024
Mahanagar Gas Limited partners with Shark Tank India-featured fuel aggregator startup Nawgati
- Mahanagar Gas Limited (MGL) has partnered with Nawgati, a fuel aggregator startup, to implement a fleet program aimed at promoting CNG adoption.
- Nawgati will run the fleet program for MGL CNG Mahotsav 2.0, offering incentives to fleet operators purchasing new CNG vehicles or retrofitting existing ones.
- The partnership includes a digital platform for fleet operators to easily pay for refueling at participating MGL stations and manage their fleet.
- MGL and Nawgati provide a dual payment solution using the MGL Fuel Card, which can be used physically or virtually at select CNG stations.
ISN | 5 Dec, 2024
Shortages Hobble India Push For Cleaner Car Fuel Amid Delhi Smog
- India is facing supply constraints in its cheap gas production for vehicles, impacting the availability of compressed natural gas (CNG) and potentially worsening air pollution in major cities like New Delhi.
- Retailers like Indraprastha Gas Ltd. and Mahanagar Gas Ltd. are increasingly relying on expensive imports or costly production from new Indian fields to meet demand.
- The shortage of CNG may deter the adoption of CNG vehicles, leading to a shift back to diesel and petrol, undermining efforts to promote cleaner transportation.
- India aims to increase the role of gas in its energy mix and intends to expand the number of CNG stations nationwide, but the shortage of domestic gas production poses a challenge to achieve this goal.
Bloomberg Quint | 29 Nov, 2024
CGDs – A Structural Realignment On The Cards; ICICI Securities Reiterates 'Buy' On MGL, GGL, IGL
- ICICI Securities reiterates 'Buy' on Mahanagar Gas/Gujarat Gas and upgrades Indraprastha Gas to 'Buy'.
- Recent fall in the stocks is overdone, valuations at multi-year lows.
- The brokerage believes that a structural realignment is on the cards for the CGDs (City Gas Distribution) sector.
- ICICI Securities suggests buying opportunities in Mahanagar Gas, Gujarat Gas, and Indraprastha Gas.
Bloomberg Quint | 27 Nov, 2024
Mahanagar Gas Gets A 'Buy' Rating From HDFC Securities, Revises Target Price
- Mahanagar Gas has received a 'Buy' rating from HDFC Securities
- HDFC Securities has revised the target price for Mahanagar Gas
- The stock price of Mahanagar Gas has corrected around 36% in the last three months
- The potential adverse impact of drastic cut in APM gas allocation for city gas sector is considered a near-term headwind
Bloomberg Quint | 26 Nov, 2024
Indraprastha, Mahanagar Gas Share Prices Extend Loss After More Target Price Cuts
- Shares of Indraprastha Gas Ltd., Mahanagar Gas Ltd., and Gujarat Gas Ltd. continue to decline as more brokerages downgrade the stocks' ratings and cut target prices.
- Nomura Research has downgraded Indraprastha Gas Ltd. to 'reduce' and reiterated its 'reduce' rating on Mahanagar Gas Ltd., lowering the target prices and maintaining a bearish stance on the sector.
- Jefferies had previously downgraded both stocks and resulted in a significant drop in their share prices.
- Citi has also lowered the target prices for Indraprastha Gas and Mahanagar Gas but maintained a 'buy' rating on the stocks, while also downgrading Gujarat Gas with a lower target price.
Bloomberg Quint | 19 Nov, 2024
Citi Slashes City Gas Companies' Targets And Earnings Estimates On Successive Gas Allocation Cut
- Citi Research has slashed earnings estimates and target prices of city gas distributors.
- Domestic gas allocation from GAIL (India) Ltd. has been reduced, leading to a potential price hike.
- Indraprastha Gas, Mahanagar Gas, and Gujarat Gas have experienced allocation cuts.
- Citi has adjusted Ebitda estimates for the mentioned gas companies.
Bloomberg Quint | 19 Nov, 2024
Indraprastha, Mahanagar Gas Share Prices Fall After Jefferies Downgrade, Target Price Cut
- Jefferies downgraded Mahanagar Gas (MGL) to 'underperform' from 'buy' rating and lowered its target price to Rs 1,130 per share.
- The downgrades come after the companies reported a reduction in their domestic gas allocation from GAIL India Ltd., which is expected to impact their profitability.
- The reduced gas allocation forces companies like IGL and MGL to source gas at higher market prices, increasing their operating costs.
- Shares of Indraprastha Gas fell as much as 9.99% to Rs 365 apiece while Mahanagar Gas share prices fell by 15% to Rs 1,115.75 apiece.
Bloomberg Quint | 18 Nov, 2024
Your CNG Prices Could Get Hiked By Rs 6-8 Per Kg
- The prices of compressed natural gas (CNG) in Mumbai and Delhi could be hiked by Rs 6-8 per kg.
- The reduction in domestic gas allocation for companies such as Mahanagar Gas and Indraprastha Gas is the main driver of this price hike.
- The decreased allocation of domestic gas affects the operating costs of these companies and requires a hike in retail selling prices of CNG.
- The price hike is expected to be announced after the festive season.
Bloomberg Quint | 16 Nov, 2024
Mahanagar Gas To Form JV With US Battery Firm To Make Lithium-Ion Cells In India
- Mahanagar Gas Ltd. (MGL) has formed a joint venture with US-based International Battery Co. to manufacture lithium-ion batteries in India.
- MGL will invest Rs 230 crore in International Battery Company India Pvt. to take at least a 40% stake in the company.
- The joint venture will set up a giga factory in Bengaluru to produce prismatic NMC Li-ion cells for the local market.
- MGL's foray into battery cell manufacturing aims to strengthen its position in the evolving energy space and aligns with the objective of a cleaner future.
Bloomberg Quint | 7 Nov, 2024
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