SENSEX NIFTY
Apr 25, 2013, 02.45 PM IST | 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.

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 November 27, 2014, Petronet LNG closed at Rs 197.35, down Rs 1.8, or 0.9 percent. The 52-week high of the share was Rs 208.70 and the 52-week low was Rs 102.50.


The company's trailing 12-month (TTM) EPS was at Rs 9.66 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 20.43. The latest book value of the company is Rs 66.48 per share. At current value, the price-to-book value of the company is 2.97.

Set email alert for

ADS BY GOOGLE

video of the day

Don’t try to time market; OMCs, paint cos to benefit: Emkay

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.