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Petronet LNG soars on inking preliminary LNG supply agreement with United LNG

25 Apr 2013 Evaluate

Petronet LNG is currently trading at Rs. 137.65, up by 2.70 points or 2.00% from its previous closing of Rs. 134.95 on the BSE.

The scrip opened at Rs. 135.05 and has touched a high and low of Rs. 137.65 and Rs. 135.00 respectively. So far 78770 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 175.15 on 05-Nov-2012 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. 137. 65 and Rs. 132.25 respectively. The current market cap of the company is Rs. 10226.25 crore.

The promoters holding in the company stood at 50.00% while Institutions and Non-Institutions held 22.70% and 27.30% respectively.

Petronet LNG, one of the leading players in oil and natural gas space has executed a preliminary conditional agreement with United LNG, a US based firm, for supply of around 4 MMTPA of LNG for 20 years through the Main Pass Energy Hub, which is been jointly developed by United LNG and Freeport McMoRan Energy. The binding LNG SPA is yet to be executed and is expected by the end of this year.

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.

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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