Petronet LNG shines on inking pact for purchase of 1.44 MTPA of LNG

11 Sep 2017

Petronet LNG is currently trading at Rs. 234.90, up by 10.80 points or 4.82% from its previous closing of Rs. 224.10 on the BSE.

The scrip opened at Rs. 228.15 and has touched a high and low of Rs. 235.50 and Rs. 228.00 respectively. So far 269681 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 236.65 on 17-Aug-2017 and a 52 week low of Rs. 162.53 on 12-Sep-2016.

Last one week high and low of the scrip stood at Rs. 235.50 and Rs. 220.60 respectively. The current market cap of the company is Rs. 35205.00 crore.

The promoters holding in the company stood at 50.00%, while institutions and non-institutions held 34.38% and 15.62% respectively.

Petronet LNG has signed an agreement for purchase of 1.44 MTPA of LNG from Mobil Australia Resources Company (LNG Supplier), an affiliate of ExxonMobil Company, for a period of 20 years, from Gorgon project.

The company has been under active discussions with the LNG Supplier regarding certain commercial aspects under its agreement. The discussions continue in good faith and the parties have reached a broad understanding of terms.

Petronet LNG is engaged in sale of re-gasified liquefied natural gas (RLNG). The company is engaged in the import and re-gasification of liquefied natural gas (LNG). The company operates through the segment of natural gas business.

Related Petronet LNG Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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