Wednesday, December 4, 2024

Mahanagar Gas Limited appoints Shivaji Satam as Campaign Ambassador.

                       Mahanagar Gas Limited appoints Shivaji Satam as Campaign Ambassador                        for "MGL Sahayogi" an initiative to protect gas network in city

04 December 2024, Mumbai: Mahanagar Gas Limited, one of the largest City Gas Distribution companies in India, has relaunched its ‘MGL Sahayogi’ initiative which encourages residents of Mumbai and its adjoining areas to take an active role in protecting accidental damage to the gas pipelines, with a new exclusive helpline number, 1800 2100 2100. 

CID fame veteran actor, Shri Shivaji Satam, will be the face of the campaign. With him joining this campaign for a vigilant and safe city, MGL aims to boost awareness about safe excavation 

Digging activities are frequent due to various ongoing infrastructure development activities, however, unsafe or unplanned digging can cause serious accidents. Therefore, through ‘MGL Sahayogi’  initiative, MGL urges residents to report any unsafe or unplanned digging activities happening in their vicinity so as to prevent accidental damage to gas pipelines. This can help avoid potential gas leaks, fire hazards and will ensure uninterrupted gas supplies to homes and CNG stations and maintain public safety.

For reporting such digging activities, individuals can contact MGL through Helpline Number: 1800 2100 2100

“As I always say, ‘Kuch toh gadbad hai,’ and with digging, the stakes are too high. But with ‘MGL Sahayogi’  initiative, we have the power to prevent that danger before it even starts. Every call to MGL is a step towards protecting our homes, our neighbourhood and our entire city from harm,” said Shri Shivaji Satam.

Adding further, he said, “Let’s join hands with MGL, take that small step, to make Mumbai safer for everyone. Together, we can prevent accidents and keep Mumbai’s gas supplies running safely and smoothly.”

On the launch of the campaign Shri Ashu Shinghal, Managing Director, Mahanagar Gas Limited said, “Ensuring safe and uninterrupted gas supply for our esteemed customers is our top priority. We are happy to have Mr. Shivaji Satam as the face of our ‘MGL Sahayogi’ safety awareness campaign. With his popularity among the people, we hope his appeal will encourage people to be more vigilant, in the interest of their own safety and the safety of the city they live in”. 

Mr Satam and the Senior Management of MGL also felicitated Individuals who have been vigilant and taken an active role in protecting the gas pipelines, at an exclusive event to announce the relaunch:

1. Suresh Vasant Shetty (Andheri East) 

2. Bhuminathan Chinnasami Kounder (Goregaon East)

3. Chandrapal Singh Shaktawat (Vileprale West) 

4. Mohammad Arif Shaikh (RTO Road, Andheri West)

5. Aniket Sahani (Waghbil, Thane)

6. Jay Singh Mitharam (Vasant Vihar, Thane)

7. Birbahadur Prajapati (Manpada, Thane)

8. Dnyaneshwar Arbuj (Vartak Nagar, Thane)

9. Gautam Lal Vaid (Mulund West)

10. Santosh Satgkar (Bhandup West)

About – Mahanagar Gas Limited (MGL):

Mahanagar Gas Limited (MGL) is one of the largest city gas distribution (CGD) companies in India and GAIL (India) Ltd is its promoter. MGL has more than 29 years of experience in supplying natural gas in Mumbai and is presently the sole authorised distributor of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in Mumbai and its adjoining areas and in the Raigad district in the state of Maharashtra, India. MGL’s vision envisages being a consumer and environment-friendly gas company providing safe, efficient and reliable energy, an employer of choice creating value for all its stakeholders. MGL is an ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 certified organisation 

Today, MGL reaches out to more than 25 lakh households and above 4800 small commercial and industrial establishments. MGL also supplies CNG to more than 10 lakh vehicles which includes more than 4 lakh rickshaws and above 70,000 taxis & over 5 lakh cars in Mumbai, Thane, Mira-Bhayander, Navi Mumbai and beyond. MGL also supplies CNG to 2494 BEST/TMT/MSRTC/NMMT buses, nearly 36000 LCVs/ Tempos/ Trucks/Private buses plying on CNG supplied through its wide distribution network of steel, MDPE pipeline system and 352 CNG filling stations having more than 2180 dispensing points. Visit us at www.mahanagargas.com

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Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face value of ₹10 each Fresh Issue Size - Up to 98,97,000 Equity Shares OFS size - Up to 13,50,000 Equity Shares Total Size - ₹ 150.71 Crore (At Upper Price Band) Price Band - ₹ 126 - ₹ 134 per share Lot Size – 111 Equity Shares Mumbai, September 21, 2026 - Adroit Industries (India) Limited is a vertically integrated manufacturer of propeller shafts and torque-transmission components with over four decades of operational experience, serving automotive, primarily commercial vehicles, and non-automotive applications, including defence and emergency services, heavy equipment and off-highway machinery and industrial equipment across more than 32 countries, proposes to open its Initial Public Offering on Wednesday, September 23, 2026 aiming to raise ₹ 150.71 Crores (At Upper Price Band), with shares to be listed on the BSE & NSE. The offer size is up to 1,12,47,000 Equity Shares with a face value of ₹10 each with a price band of ₹126 - ₹134 Per Share. Equity Share Allocation QIB Portion – Not more than 50.00% of the Offer Non-Institutional Investors - Not less than 15.00% of the Offer Retail Individual Investors - Not less than 35.00% of the Offer The net proceeds from the IPO will be utilized for funding capital expenditure by the company towards procurement of machinery and equipment for enhancement of operations at the Dewas Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in its subsidiary Adroit Driveshafts Private Limited for capital expenditure towards machinery and equipment at the Pithampur Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in the subsidiary for repayment or pre-payment, in full or in part, of certain outstanding borrowings availed by it, and general corporate purposes. The anchor bidding is on Tuesday, September 22, 2026. The offer will open on Wednesday, September 23, 2026 and will close on Friday, September 25, 2026. The Book Running Lead Manager to the Offer is Choice Capital Advisors Private Limited and the Registrar is Bigshare Services Private Limited. Mr. Saurabh Sangla, Chairman and Managing Director of Adroit Industries (India) Limited “expressed, The upcoming IPO marks a new phase for the Company. Over the years we have built vertically integrated capabilities spanning forging, precision machining, heat treatment, assembly, balancing and testing, and expanded our portfolio to over 5,000 SKUs of driveline components supplied to customers in more than 32 countries. Going forward, our focus will be on strengthening capacity across our manufacturing facilities, improving operational efficiency, deepening engagement with the Distributors, OEMs and Tier-1 customers across our export and domestic markets and broadening our automotive and non-automotive applications. The IPO will support our plans as we continue to strengthen the business and pursue long-term growth.” Mr. Ratiraj Tibrewal, Director of Choice Capital Advisors Private Limited said, “Adroit Industries (India) Limited has built an export-led driveline business over four decades, with vertically integrated manufacturing and a diversified customer base across automotive and non-automotive applications. The upcoming IPO marks an important step in the Company’s journey as it enters the public markets. We believe the Company’s integrated manufacturing capabilities, long-standing customer relationships and expanding product portfolio provide a foundation for its next phase of growth. We are pleased to be associated with Adroit Industries (India) Limited as it takes this step towards becoming a publicly listed company.” About Adroit Industries (India) Limited Adroit Industries (India) Limited is a vertically integrated manufacturer and supplier of propeller shafts – also known as drive shafts or cardan shafts – and related torque-transmission components. Its portfolio spans over 5,000 SKUs of driveline components, including propeller shaft assemblies, yokes, shafts, companion flanges, universal joints and accessories, supplied to automotive applications, largely commercial vehicles and SUVs, and to non-automotive applications spanning defence and emergency services, heavy equipment and off-highway machinery and industrial equipment. The Company operates three manufacturing facilities in Madhya Pradesh – Dewas Facility i.e for die making and forging processes, Pithampur Facility for machining and assembly, operated by its subsidiary Adroit Driveshafts Private Limited, and Sanwer Road Facility for certain finishing operations– with end-to-end in-house capabilities covering forging, precision machining, heat treatment, assembly, balancing and testing. The facility is certified under IATF 16949, ISO 9001, ISO 14001 and ISO 45001. With operations commencing in 1966, the Company has evolved into an export-led driveline components manufacturer, with 95.39% of Fiscal 2026 product sales derived from outside India across more than 32 countries, supported by a Canadian subsidiary for North American customer engagement, and serving 185 customers in Fiscal 2026 through distributors, Tier-1 driveline component suppliers and OEMs. In FY26, The Company achieved a Revenue from operations of ₹1,399.43 million, EBITDA of ₹387.10 million & PAT of ₹261.58 million. Disclaimer: Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face valu...