Mahanagar Gas
Mahanagar Gas is the largest gas distribution company in India, with more than 300,000 households and 850 commercial units as its clients. It is investing Rs 1,200 crore over the next five years to expand its pipeline and needs a massive cash infusion.

Sister company Gujarat Gas has been favourably valued by investors and we believe Mahanagar Gas would be shown the same favour. With revenues of Rs 513.5 crore, the company could command a market capitalisation of Rs 1,500 crore. Since Mahanagar Gas is also expanding into neighbouring cities, such as Pune, its customer base and revenues are expected to double. This, along with the spiralling demand for delivery of piped gas in India, will ensure strong growth prospects for Mahanagar Gas, whose market capitalisation could touch Rs 4,000 crore by 2012.