Mahanagar Gas Eyes Renewable Assets, Plans Rs 1,300 Crore Capex in FY27

• Mahanagar Gas Ltd (MGL) is exploring acquisitions of renewable energy assets and expanding its CNG network.
• The company plans to spend Rs 1,200-1,300 crore in the next fiscal year (FY27).
• MGL aims for a net-zero target by 2036, conducting a pilot project on green hydrogen and actively pursuing CBG plants.
• Plans include adding 70 new CNG stations and 3-4 LNG stations in FY27, alongside 3.5 lakh domestic PNG connections.
• MGL is diversifying into battery and electric vehicle manufacturing, having taken equity in EV manufacturer 3EV.