Petronet LNG jumps on receiving approval for expansion of Dahej terminal

13 Dec 2011

Petronet LNG is currently trading at Rs. 154.75, up by 1.40 points or 0.91% from its previous closing of Rs. 153.35 on the BSE.

The scrip opened at Rs. 153.50 and has touched a high and low of Rs. 155.50 and Rs. 152.20 respectively. So far 17,000 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. 168.80 and Rs. 152.20 respectively. The current market cap of the company is Rs. 11,606.00 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 has received an approval for expansion of Dahej terminal from 10 million metric tonnes per annum (MMTPA) to 15 MMTPA. The board at its meeting held on December 12, 2011 has approved for the same.

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.

The company‘s net profit for the quarter  has zoomed by 98.54% at Rs 260.3 crore as compared to Rs 131.12 crore for the quarter ended September 30, 2010. Its total income has increased by 75.11% at Rs 5386.98 crore for the quarter under review from Rs 3076.31 crore for September quarter of 2010.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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