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Investor Presentaiton

Regulatory Environment Creating Strong Barriers to Entry Authorization & Incumbent Advantage Description Authorization to lay, build, operate or expand a CGD network MAHANAGAR GAS Implication for MGL • Built-in advantage for incumbent Authorization for Mumbai, adjoining areas and Raigarh its • Gas Allocation Price Determination As per MoPNG guidelines 10 August 2022, GAIL supplies for domestic gas to the CGD entities shall be made only up to the quantity available domestically. • . Availability of around 90% quantity for priority sectors Limited Market determined price gas requirement Pricing benchmarked to market price Ability to manage margins and pass on cost increases to customers of alternative fuels MAHANAGAR GAS LIMITED 12
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