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Mumbai's 125 Billion-Mile Gas Gamble — Mahanagar Gas Set To Ride CNG Demand Boom, Says Morgan Stanley
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Mumbai's 125 Billion-Mile Gas Gamble — Mahanagar Gas Set To Ride CNG Demand Boom, Says Morgan Stanley
Mumbai's transport network is expanding by the day. It now clocks in 125 billion miles annually, which is above the state of New York reading in 2023. As the miles get added, so does the the reliance on natural gas (CNG) for transport. This in turn, means that the Maximum City is entering a natural gas supercycle, and Mahanagar Gas Ltd. is in the driver's seat to capitalise, says Morgan Stanley. A supercycle sees demand for a product or service …
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