Megha City Gas Distribution (MCGDPL), a wholly-owned subsidiary, has decided to consolidate operations and reached out to state-run Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp and Indraprastha Gas, among other players. It ventured into city gas distribution under the brand name Megha Gas in 2015 and continued to operate as MEIL till FY22.
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According to reports, Megha Engineering and Infrastructures Limited (MEIL), a significant participant in the Indian infrastructure market with headquarters in Hyderabad, intends to sell Megha City Gas Distribution Private Limited (MCGDPL), which handles city gas distribution.
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