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Petronet LNG gains on hopes of LNG supplies from Australian Gorgon LNG Project by 2015-16

10 Jan 2014 Evaluate

Petronet LNG is currently trading at Rs. 120.00, up by 0.45 points or 0.38 % from its previous closing of Rs. 119.55 on the BSE.

The scrip opened at Rs 120.00 and has touched a high and low of Rs 120.05 and Rs 118.05 respectively. So far 24263 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 168.80 on 10-Jan-2013 and a 52 week low of Rs 106.10 on 31-Jul-2013.

Last one week high and low of the scrip stood at Rs 124.20 and Rs 119.00 respectively. The current market cap of the company is Rs 8943.75 crore.

The promoters holding in the company stood at 50.00% while Institutions and Non-Institutions held 23.71% and 26.29% respectively.

Petronet LNG (PLL) is expecting liquefied natural gas (LNG) supplies from the Australian Gorgon LNG Project by 2015-16. The company had entered into a 20-year long term sales and purchase agreement (SPA) with an Australian subsidiary of Exxon Mobil Corporation in August 2009 to purchase approximately 1.5 million tonnes per annum (MTPA) of LNG from the Gorgon LNG Project.

Recently, Prime Minister Manmohan Singh had dedicated PLL’s LNG terminal at Puthuvype, Kochi to the nation. However, the terminal, despite having the capacity to supply up to 18-20 million metric standard cubic meters per day (mmscmd) is presently operating at 5% of the capacity supplying only 1 mmscmd.

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. 

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
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