Petronet inks pact with United LNG, stock up 2%

Petronet LNG shares gained two percent amid high volumes on Thursday after the company signed initial agreement to buy 4mtpa from US-based United LNG.
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Apr 25, 2013, 02.46 PM | Source: Moneycontrol.com

Petronet inks pact with United LNG, stock up 2%

Petronet LNG shares gained two percent amid high volumes on Thursday after the company signed initial agreement to buy 4mtpa from US-based United LNG.

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Petronet inks pact with United LNG, stock up 2%

Petronet LNG shares gained two percent amid high volumes on Thursday after the company signed initial agreement to buy 4mtpa from US-based United LNG.

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Petronet LNG shares gained two percent amid high volumes on Thursday after the company signed initial agreement to buy 4mtpa from US-based United LNG.

PLL said they have executed a preliminary conditional agreement with United LNG (a US based firm) for supply of around 4 MMTPA LNG for 20 years through the Main Pass Energy Hub.

Main Pass Energy Hub is been jointly developed by United LNG and Freeport McMoRan Energy. "The binding LNG SPA is yet to be executed and is expected by the end of this year," according to a release sent to exchanges.

At 14:00 hours IST, the stock was up 2.07 percent to Rs 137.75 on Bombay Stock Exchange.

Trading volumes increased 47.59 percent to 1,68,004 shares as compared to its five-day average of 1,13,835 shares.

Petronet LNG stock price

On April 29, 2016, Petronet LNG closed at Rs 263.15, up Rs 2.95, or 1.13 percent. The 52-week high of the share was Rs 274.35 and the 52-week low was Rs 164.95.


The company's trailing 12-month (TTM) EPS was at Rs 13.01 per share as per the quarter ended December 2015. The stock's price-to-earnings (P/E) ratio was 20.23. The latest book value of the company is Rs 75.85 per share. At current value, the price-to-book value of the company is 3.47.

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Petronet inks pact with United LNG, stock up 2%

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