Petronet has a deal to buy 7.5 million tonnes per year (mtpa) of LNG from Qatar under a long-term deal expiring in 2028.
The company is betting on plateauing domestic production and possible LNG demand from tyhe transport segment
BPCL said no decision has yet been taken to sell its stake in Petronet LNG and Indraprastha Gas to help the company's owner avoid making an open offer for the two gas companies
A clear breakdown on price action and chart patterns may lead to slide in these stocks
Under the terms of the old agreement, the two were to finalise an investment deal by December 2020. This was after an earlier extension of the agreement which had lapsed in March 2020
The company reported an 11.6 per cent year-on-year decline in consolidated revenue from operations at Rs 7,575 crore in Q4FY21
Here are trading strategies for the ones that may make it to the list, and the ones likely to get demoted.
Hindpetro has witnessed a strong rebound after forming a base above the support zone of moving averages ribbon on multiple time frames
In the last couple of sessions, Petronet's stock prices witnessed a good traction and, importantly, it's backed by the more than average daily volumes
The company is India's largest LNG importer and is aiming for more long-term deals in the next 10 to 15 years, says it CEO
The rise in profit is despite consolidated total income declining to Rs 7427.90 crore during the period under review from Rs 8994.39 crore in the comparable period
GAIL's Kochi-Mangaluru pipeline commissioned; Boost for Petronet LNG's Kochi terminal
The deal would have to be renegotiated given the current market prices or shelved, according to government sources
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etronet bought the cargo which is for delivery to either Dahej or Kochi LNG terminal over Nov. 17-22 at about $4.80 per million British thermal units
Singh, who completes his five-year term as managing director and CEO next month, took home a record Rs 1.8 crore in fiscal 2019-20 (April 2019 to March 2020)
Revenue fell 43 per cent to Rs 4951.9 crore in the first quarter of the current 2020-21 fiscal
Total revenue during the quarter came in at Rs 4,951.95 crore, down 43 per cent YoY.
Petronet had in February sought bids from suppliers for 1 million tones of LNG per year for 10 years, starting 2024
Launched on Monday, the platform - set up by the Indian Energy Exchange - has so far traded 100 mmBtu gas.