| City Gas Distribution (CGD) | Supply of CNG for vehicles and PNG for domestic, commercial, and industrial use through extensive pipeline network. | Exclusive licensing in Mumbai region, strong infrastructure, trusted brand, and regulatory backing. | B2C households, B2B commercial and industrial consumers, fleet operators. | Domestic PNG connections and high-volume commercial customers provide higher margins. | 7590 | 100 | Gas sales revenue based on volumes distributed and infrastructure usage charges. | Regulated pricing on CNG and PNG with long-term supply contracts and government mandated tariffs. | Increasing urban consumption, environment-friendly fuel policies, pipeline network expansion, and vehicle conversions. | |
