Petronet LNG is currently trading at Rs. 146.65, up by 5.05 points or 3.57% from its previous closing of Rs. 141.60 on the BSE.
The scrip opened at Rs. 142.00 and has touched a high and low of Rs. 146.90 and Rs. 142.00 respectively. So far 43948 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 185.85 on 24-Aug-2011 and a 52 week low of Rs. 122.25 on 18-May-2012.
Last one week high and low of the scrip stood at Rs. 146.90 and Rs. 139.55 respectively. The current market cap of the company is Rs. 10811.25 crore.
The promoters holding in the company stood at 50.00% while Institutions and Non-Institutions held 20.61% and 29.39% respectively.
Petronet LNG, nation’s largest natural gas importer, is in discussion to establish an Rs 3,500-crore power plant adjacent to its upcoming LNG import facility at Kochi in Kerala. It aims to set up a 1,200 MW gas-fired power plant, 50:50 joint venture with the Kerala government.
Kerala government will give land for setting up of the power plant, which will be considered as part of its equity contribution in the project. It has also shown inclination towards accepting Petronet’s condition of buying at least 75% of the power generated at the power plant under a long-term power purchase agreement or PPA.
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.
