Natural gas regulator PNGRB has said that the company seems to have made profit at the cost of gas consumers, and is seeking a framework to bring the regassification activities under its purview.
Petronet LNG Ltd., India’s biggest gas importer, wants to secure 12 million tons a year of additional supply under long-term contracts, Managing Director Akshay Kumar Singh said Tuesday in Bengaluru at India Energy Week.
Net profit in April-June at Rs 700.9 crore compared with Rs 635.67 crore in the same period a year back.
The company in the immediate term is looking to tie up 0.75 to 1 million tonnes of LNG to meet the burgeoning energy demand in the country, particularly of the city gas sector.
Revenue jumped 70 per cent to Rs 10,894.72 crore on the back of a surge in international energy prices.
Bharat Petroleum Corporation Ltd (BPCL) holds 12.5 per cent of the shareholding in India's largest liquefied natural gas importer, Petronet, and a 22.5 per cent stake in city gas retailer, IGL. It is a promoter of both the listed companies and holds board positions.
Net profit in October-December at Rs 675 crore was 17 per cent higher than Rs 565 crore net profit in the same period a year ago, Petronet Managing Director & CEO Prabhat Singh told reporters here.
The Nifty has resistance zone around 11,150-11,200 where recent highs, 200-DMA and 38.2% Fibonacci retracement of the fall 12,103-10,637 are seen.
Traders should also align their trades accordingly and prefer hedged bets in F&O space as volatility will remain high due to scheduled derivatives expiry
Petronet had more than one-and-a-half decade ago started operations of India's maiden liquefied natural gas (LNG) import facility at Dahej in Gujarat with a nameplate capacity of 5 million tonnes per annum.
For the full 2018-19 fiscal, the company reported a record net profit of Rs 2,155 crore, a rise of 4 per cent over the previous financial year.
Kotak Securities is bullish on Petronet LNG Ltd has recommended buy rating on the stock with a target price of Rs 267 in its research report dated July 30, 2018.
Airline companies can expect an annual relief of Rs 3,000-5,000 crore under input tax credit if the same is included in GST
The small and midcaps are now around 20 and 14 percent respectively below the record peaks, Nifty’s loss is only around 9.5 percent.
Petronet LNG Ltd, India's biggest buyer of liquefied natural gas, has received a second cargo at its newly constructed Kochi import terminal in Kerala.
Petronet LNG Ltd has reported a sales standalone turnover of Rs 8,444.20 crore and a net profit of Rs 225.32 crore for the quarter ended Jun '13
Petronet LNG Ltd, India's biggest importer of liquefied natural gas, will take 26 per cent stake in a shipping venture planned to haul gas to its new terminal at Kochi in Kerala.
Sudarshan Sukhani, s2analytics.co said although next week is a truncated trading week short-term traders are likely to take positions if there is something to trade.
Petronet LNG Ltd has reported a sales standalone turnover of Rs 8,422.78 crore and a net profit of Rs 318.50 crore for the quarter ended Dec '12
Technical analyst Sudarshan Sukhani, s2analytics.com said since the trend for the market is up, he assumes the market will breakout of the narrow consolidation. He advised investors to go long using Options for a low risk trade.
Petronet LNG Ltd. will invest 45 billion rupees to build a liquefied natural gas (LNG) terminal on India's east coast by 2016 to help meet the growing demand of the energy-hungry nation.
Petronet LNG Ltd has reported a sales turnover of Rs 6,330.26 crore and a net profit of Rs 295.38 crore for the quarter ended Dec '11
Petronet LNG Ltd has reported a sales turnover of Rs 5,366.87 crore and a net profit of Rs 260.33 crore for the quarter ended Sep '11
The Indian markets were battered heavily in the month of August. And while the bloodbath on the bourses led to the markets taking a beating by almost 8.5%, the Sensex dipped to alarming levels, hinting at a repeat of the economic gloom of 2008.
Gautam Chhaochharia, head of mid-cap research, UBS India is bullish on midcap stocks like Jai Balaji Industries, Triveni Engineering and Industries, Petronet LNG Ltd, Coromandel International, Tube Investments of India, IBN18 Broadcast and Pidilite Industries.