Page 4 - Petronet Lng

GDF to sell entire 10% stake in Petronet LNG for up to $512 million

GDF will sell the shares in a price range of Rs 417-440 a share

Oil Ministry may block PSUs from buying 10% stake in Petronet LNG

Four state-owned firms hold 49.99% stake in Petronet; move is aimed at keeping the entity private

Petronet LNG in a sweet spot

As the tide turned in favour last fiscal, Petronet LNG saw a good year both in terms of volumes and profitability. The renegotiated RasGas prices, which made imported gas competitive, boosted demand. The decline in domestic gas production further proved helpful for Petronet, which gets its revenues by largely importing gas and marketing it in the country. Continued capacity expansions are also proving handy; it enabled Petronet double its net profit to Rs 1,235 crore in the first nine months of FY17. The March quarter is also expected to be robust. Not surprisingly, the Petronet stock recently scaled to its all-time intra-day high of Rs 453.65. It closed at Rs 430.40 on Thursday, a gain of 63 per cent in one year. Moving forward, the outlook remains firm and there could be more gains ahead, as firstly, the demand for LNG (liquefied natural gas) remains strong. Secondly, Petronet is seeing gains from expanded capacities providing a volume boost. In fact, the company is planning more ...

Petronet LNG sees Kochi terminal at 40% capacity by 2019

Official says that the terminal will make an expected loss of Rs 3.5 billion in the current FY

Petronet LNG: Rising LNG prices a concern

The stock's high valuation seems to underestimate the risks of falling consumption demand

Petronet plans retail foray; to set up LNG fuel outlets

The company is already in talks with oil marketing companies like IOC, HPCL and BPCL to enter into a tie up with them

Petronet LNG gains as Q2 profit beats forecast

The stock rallied 8% to Rs 374 after the company reported a strong 82% YoY jump in profit at Rs 460 crore in Q2FY17.

Despite Petronet's good show, near-term concerns loom

Higher capacity use, margins lead to good results; static demand may make sustainability difficult

Petronet LNG shares up nearly 4% post June quarter nos

Company posted a 55 per cent jump in standalone net profit at Rs 377.86 crore for the quarter ended June 30

Petronet LNG net up 55% at Rs 378 cr in June quarter

Total income during the period under review fell to Rs 5,386.66 crore as against Rs 8,411.61 crore a year ago

Petronet LNG plans Rs 5K cr terminal in Bangladesh

Besides Bangladesh, Petronet has also proposed to set up 1 MT LNG terminal in Sri Lanka to meet local demand

Petronet LNG net profit slides 20% in Q4

Total income dips 15% to Rs 6,065 cr; Gas importer to spend Rs 600 crore on Dahej terminal this fiscal