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Petronet LNG moves up on the BSE

15 Nov 2011 Evaluate

Petronet LNG is currently trading at Rs 169.20, up by 0.30 points or 0.18% from its previous closing of Rs 168.90 on the BSE.

The scrip opened at Rs 168.00 and has touched a high and low of Rs 169.60 and Rs 167.10 respectively. So far 50850 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 105.10 on 24-Feb-2011.

Last one week high and low of the scrip stood at Rs 174.00 and Rs 164.60 respectively. The current market cap of the company is Rs 12667.50 crore.

The promoters holding in the company stood at 50.00% while Institutions and Non-Institutions held 22.66% and 27.34% respectively. 

Petronet LNG and GDF SUEZ have signed an agreement extending along 2012 under which GDF SUEZ will sell Petronet about 0.6 million tonnes (9 cargoes) of liquefied natural gas (LNG). The cargoes will be from sources within GDF SUEZ’ LNG portfolio and will be delivered to Petronet's DaheJ LNG terminal in India.

Signing of this short term deal with GDF SUEZ would help in minimizing the gas shortage; the country is facing due to lower domestic gas production.

Petronet is the largest importer of LNG in India. It owns and operates the main Indian LNG terminal in Dahej (Gujarat) currently operating above its name plate capacity. This new agreement confirms Petronet's objective to become a key energy provider to India. Petronet is building a second LNG terminal in Kochi (Kerala) which will have 5 MTPA capacity, to be completed by the end of 2012. Since 1997, GDF SUEZ has also been a strategic partner of Petronet, a company in which it holds a 10% stake.

Since September 2010, GDF SUEZ concluded 4 LNG sales agreements with major energy players in Asia. Between 2010 and 2016, GDF SUEZ will deliver up to 136 cargoes (about 8.2 MT) to Kogas, CNOOC, Petronas and Petronet, on the back of flexibility of its natural gas portfolio.

GDF SUEZ is a major LNG player. LNG supplies are sourced from Algeria, Egypt, Nigeria, Norway, Trinidad and Tobago and Yemen, representing 16.5 MTPA. The Group is one of the leading LNG players in the world and the main LNG importer in Europe. It operates a fleet of 17 LNG carriers and has a significant presence in re-gasification terminals around the world. To extend its LNG portfolio supplies in Asia-Pacific, the Group is also developing Bonaparte LNG, an integrated project to build floating production storage and offloading (FPSO) unit in Australia, with a 2 MTPA capacity.

Petronet LNG Share Price

272.05 -1.00 (-0.37%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Petronet LNG 272.05
Bharat Coking Coal 35.85
Linde India 7054.60
Refex Industries 250.00
IRM Energy 213.40
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