Mahanagar Gas Ltd, a joint venture of Gail (India) and the Maharashtra government, plans to set up 20 CNG outlets in Mumbai this fiscal. The exercise will involve spending around Rs 70 crore and will be part of the Rs 300-crore capital expenditure planned for the year. The company has two centres operating in Mumbai as it is the nodal CNG supplier to thousands of taxis, auto rickshaws and luxury buses. The public sector trio of Indian Oil, Hindustan Petroleum Corporation and Bharat Petroleum Corporation retails the gas from 136 outlets in Mumbai. These new CNG outlets will surely be the right spots where signage companies all over the country will get new opportunity to exploit.