Petronet LNG promoters and Oil Ministry are in dilemma over the stake sale of company by Asian Development Bank (ADB). For this the promoters and Oil Ministry have called a meeting to decide whether state companies should buy the 5.2% holding being sold by ADB. The oil ministry officials including Petroleum Secretary GC Chaturvedi and Petronet LNG's promoters - ONGC, IOC, BPCL and Gail India - plan to debate this issue at a brainstorming session in Lonavla.
State-run firms - ONGC, IOC, BPCL and Gail India together holds 50% stake in Petronet LNG, GDF Suez hold 10%, besides 5.2% held by ADB which is selling the stake and the balance is held by public.
While promoting Petronet LNG, which pioneered imports of liquefied natural gas into India, state-run firms decided to cap their equity stake at 50% so that the former can be operated with the freedom which a private firm enjoys. Petronet's freedom allowed it to negotiate spot LNG prices in the international market. The state-run firms have the right of first refusal are eager to pick up stake in the company which implies that Petronet LNG would become a PSU.
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.
| Company Name | CMP |
|---|---|
| Petronet LNG | 283.80 |
| Bharat Coking Coal | 33.09 |
| Linde India | 7806.30 |
| Refex Industries | 263.15 |
| IRM Energy | 314.45 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: