Petronet LNG rises on getting Environment Ministry’s nod for Gangavaram LNG terminal

30 Apr 2015

Petronet LNG is currently trading at Rs. 175.60, up by 0.70 points or 0.40% from its previous closing of Rs. 174.90 on the BSE.

The scrip opened at Rs. 173.90 and has touched a high and low of Rs. 175.65 and Rs. 171.70 respectively. So far 10784 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 221.90 on 08-Jan-2015 and a 52 week low of Rs. 136.70 on 16-May-2014.

Last one week high and low of the scrip stood at Rs. 178.20 and Rs. 159.80 respectively. The current market cap of the company is Rs. 13053.75 crore.

The promoters holding in the company stood at 50.00% while Institutions and Non-Institutions held 26.98% and 23.02% respectively.

Petronet LNG has received Union Ministry of Environment and Forests’ nod for its proposed liquefied natural gas terminal at Gangavaram Port in Andhra Pradesh (AP). The project is likely to see an investment of about Rs 4,500 crore.

The company’s proposed land-based terminal will have facilities for receiving, storage and regasification of LNG with an initial capacity of 5 million tonnes a year. The company will develop the project in partnership with Gangavaram Port on the east coast close to Visakhapatnam.

Petronet LNG is one of the leading players in oil and natural gas industry space. It has India’s first and largest LNG supply terminal located at Dahej.

Related Petronet LNG Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
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