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Petronet LNG zooms on planning to invest $2.6 billion over 5 years to expand local infrastructure

10 Jun 2021 Evaluate

Petronet LNG is currently trading at Rs. 232.05, up by 3.50 points or 1.53% from its previous closing of Rs. 228.55 on the BSE.

The scrip opened at Rs. 229.80 and has touched a high and low of Rs. 233.40 and Rs. 227.00 respectively. So far 823761 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 280.00 on 07-Jul-2020 and a 52 week low of Rs. 207.40 on 14-Oct-2020.

Last one week high and low of the scrip stood at Rs. 252.10 and Rs. 227.00 respectively. The current market cap of the company is Rs. 34822.50 crore.

The promoters holding in the company stood at 50.00%, while Institutions and Non-Institutions held 36.82% and 13.18% respectively.

Petronet LNG is planning to invest $2.6 billion over five years to expand local infrastructure as investing in overseas projects is 'not lucrative' in the current liquefied natural gas (LNG) surplus market. Right now, investment in LNG terminals anywhere outside India is not very lucrative because LNG is available at very low prices it is only recently that prices have increased availability of LNG is plenty.

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).

Petronet LNG Share Price

273.05 1.50 (0.55%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Petronet LNG 273.05
Bharat Coking Coal 35.75
Linde India 7234.30
Refex Industries 244.75
IRM Energy 220.60
View more..

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