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Petronet LNG in talks with US suppliers for LNG

01 Jul 2011 Evaluate

Petronet LNG is eyeing US suppliers and is in talks with US companies including Cheniere Energy for liquefied natural gas (LNG) supplies. Recently, Petronet LNG in a bid to meet demand in the central and eastern parts of the country was eyeing to set up a liquefied natural gas (LNG) terminal on the east coast. The new LNG terminal, planned for the east coast of India, would have capacity of up to five million tonnes a year.

The company has posted a net profit of Rs 206.28 crore for the quarter ended March 31, 2011 as compared to Rs 97.29 crore for the quarter ended March 31, 2010, up 112.03%. Its total income has increased by 66.10% from Rs 2418.63 crore for the quarter ended March 31, 2010 to Rs 4017.33 crore for the quarter ended March 31, 2011.

For the year ended March 31, 2011, the company’s net profit jumped 53.18% to Rs 619.62 crore as compared to Rs 404.50 crore for the year ended March 31, 2010. Total income of the company has increased by 23.15% from Rs 10746.92 crore for the year ended March 31, 2010 to Rs 13235.24 crore for the year ended March 31, 2011.

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.

Petronet LNG Share Price

275.65 -8.15 (-2.87%)
11-May-2026 16:01 View Price Chart
Peers
Company Name CMP
Petronet LNG 275.65
Bharat Coking Coal 32.78
Linde India 7721.00
Refex Industries 253.50
IRM Energy 305.25
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