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27-Feb2013

Petronet LNG strengthens on setting world record for handling 1,000th LNG cargo

Petronet LNG is currently trading at Rs. 142.40, up by 1.05 points or 0.74% from its previous closing of Rs. 141.35 on the BSE.

The scrip opened at Rs. 142.50 and has touched a high and low of Rs. 143.70 and Rs. 141.05 respectively. So far 23694 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. 156.20 and Rs. 140.00 respectively. The current market cap of the company is Rs. 10683.75 crore.

The promoters holding in the company stood at 50.00% while Institutions and Non-Institutions held 22.73% and 27.27% respectively.

Nation's largest importer of liquid gas Petronet LNG's Dahej import terminal in Gujarat has set a world record by handling 1,000th LNG cargo. This feat though has already been achieved by some of the busiest terminals of the world, but in a span of more than 18 years, the company took time of mere 9 years and 26 days, to achieve the same, which is first for any LNG Terminal in the world with a single jetty operation.

Petronet has so far been able to achieve 62.76 million metric tonnes of re-gasified LNG, which is equivalent to 3,096 million BTUs. Further, the company now plans to expand the terminal from 10 million tonne to 15 MT.

The company reported 7.83% rise in its net profit at Rs 318.50 crore for third quarter ended December 31, 2012 as compared to Rs 295.38 crore for the same quarter in the previous year. Total income of the company has increased by 32.95% at Rs 8437.69 crore for quarter under review as compared to Rs 6346.66 crore for the quarter ended December 31, 2011.

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.


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