Mahanagar Gas to stop support schemes, subsidies due to war pressures
This story was originally published at 19:52 IST on 25 May 2026
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NEW DELHI – Mahanagar Gas Ltd. Monday said it is "constrained" to stop all the support schemes and subsidies it provides under different schemes with immediate effect because of pressures stemming from the war in West Asia. These schemes include downstream piping cost absorption subsidies and monthly bill subsidies for self-funded installations, it said in a social media post. The company did not provide an exhaustive list of schemes and subsidies suspended, nor did it mention whether these are temporary or permanent.
For the March quarter, Mahanagar Gas reported a net profit of INR 1.32 billion on revenues of INR 22.58 billion. Monday, its shares closed at INR 1,074.90 on the National Stock Exchange, up 1.9% from Friday. End
Reported by Anand JC
Edited by Rajeev Pai
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