MUMBAI : Mumbai-based city gas distribution (CGD) company Mahanagar Gas Ltd (MGL) will set up 10 mobile refuelling units (MRUs) in the next year to meet the increasing demand for selling compressed natural gas (CNG). MRUs, used for refuelling, can be conveniently parked at parking lots or open parks and land parcels approved by local authorities. MRUs will allow these companies to serve a higher number of customers pushing CNG volumes. For CGD players, over 65% of their existing sales volumes come through co-located CNG outlets on oil marketing companies' land. MGL on Thursday reported a 351% jump in its June quarter net profit as volumes recovered over a low base of last year.

Source: Mint July 31, 2021 05:26 UTC