Petronet LNG offers 5.2% stake to Qatar Petroleum

19 Dec 2012

Petronet LNG has approached Qatar Petroleum International (QPI) offering 5.2 percent stake in the company which was previously held by Asian Development Bank (ADB). Public sector oil firms hold 50 per cent stake in the company and Oil Secretary is the Chairman.

Earlier, Oil Ministry had blocked the move of buying ADB’s stake in Petronet by Indian PSUs namely Indian Oil, Oil & Natural Gas Corp, Bharat Petroleum and GAIL India as it would have turned Petronet into a public sector company.

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.

Related Petronet LNG Ltd. Links:

Petronet LNG Share Price

242.40 -5.50 (-2.22%) May 14, 18:01
1 Year Price Chart
Peers
Company Name CMP
GAIL India 152.70
Petronet LNG 242.40
Indraprastha Gas 511.65
Linde India 1719.45
Confidence Petroleum 59.75
View more..
Sensex vs Petronet LNG
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback