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Petronet LNG incorporates wholly-owned subsidiary company

02 Mar 2021 Evaluate

Petronet LNG has incorporated wholly-owned subsidiary company namely ‘Petronet Energy’ on February 26, 2021. The newly incorporated wholly-owned subsidiary Company i.e Petronet Energy shall undertake the businesses/activities, including but not limited to Gassing up and/ or Cool down and supply of heel quantity to LNG vessels, LNG bunkering, Training, Consultancy, other value-added marine, transport, LNG services etc. as per the object clause of the Memorandum of Association of the Company. The registered office of this company is at New Delhi.

Petronet LNG is one of the leading players in oil and natural gas industry space. The company's promoters are GAIL (India), Oil & Natural Gas Corporation (ONGC), Indian Oil Corporation (IOCL) and Bharat Petroleum Corporation (BPCL).

Peers
Company Name CMP
Petronet LNG 285.85
Linde India 6197.20
IRM Energy 267.95
Steamhouse India 113.92
Nilachal Carbo Metal 125.00
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