Petronet Lng

Navratri 2024: 9 stocks for your equity portfolio for sparkling returns

ONGC, Oil India, GNFC, Tata Chemicals and Sun Pharma are among the 9 stocks that could rally up to 20%, suggests technical charts. Check key support and resistance levels for these stocks here.

Technical outlook on gas-related stocks post Gujarat Gas, GSPL merger plan

Gujarat Gas, GSPL, MGL, IGL and Petronet LNG: Trading strategies for gas-related stocks as Gujarat Gas announces biz restructuring plan. Find out which stock look stronger on charts here.

Petronet LNG signs agreement with Sri Lankan govt for power generation

The Sri Lankan government and a state-run Indian firm on Tuesday signed an agreement to develop infrastructure for storage, regasification and LNG supply for a combined cycle power plant in the island nation, according to the power and energy ministry here. The memorandum of understanding (MoU) was signed between Sri Lanka's LTL Holdings Limited and India's Petronet LNG Limited for the infrastructure development of the Sobadhanavi Combined Cycle Power Plant at Kerawalapitiya, north Colombo. The Sri Lankan Minister of Power and Energy, Kanchana Wijesekera, and the Deputy High Commissioner of India, Satyanjal Pandey, signed the MoU at a ceremony here. Wijesekara said the power generation could be as low as fifty per cent less here than generation through fuel usage. "MOU for the development of Storage facilities, Regasification unit in Kerawalapitiya and the supply of LNG for the Yugadhanavi, Sobadhanavi & other LNG power plants in Sri Lanka was signed today," Wijesekera said in a ..

Petronet LNG Q1 results: PAT up 40% at Rs 1,100 cr on higher gas volumes

Stable LNG prices and higher capacity utilization at Petronet's Dahej LNG terminal

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Pharma sector has witnessed a fresh breakout from the consolidation to record high levels and Sun Pharma is offering a fresh buying opportunity

Stocks to Watch, May 23: Grasim, GMM Pfaudler, Petronet LNG, Star Cement

On the domestic front, investor attention is focused on forthcoming manufacturing data and the Q4 results of major players such as ITC, IndiGo, and Fortis Healthcare

Petronet LNG Q4 results: Net profit increases 20% to Rs 738 crore

Petronet LNG Ltd -- India's largest liquefied natural gas importer -- on Wednesday reported a 20 per cent rise in the March quarter net profit on the back of importing higher LNG volumes. For the entire 2023-24 fiscal (April 2023 to March 2024), Petronet reported highest-ever net profit of Rs 3,536 crore on the back of a 22 per cent growth in volume throughput. The net profit reported in the March quarter was Rs 738 crore as compared with Rs 614 crore in the same period of the previous year, Petronet MD & CEO Akshay Kumar Singh told reporters. The profit was, however, lower than Rs 1,191 crore earned in the preceding quarter. During the current quarter ended March 31, Petronet's mainstay Dahej terminal in Gujarat processed 219 trillion British thermal units (TBTU) of LNG as against 218 TBTU during the previous quarter ended December 31, 2023 and 172 TBTU during the corresponding quarter of the previous fiscal. The overall LNG volume processed by the company during the ...

Consortium considers converting LNG tankers to floating storage in India

India LNG Transport is a collaboration between the Indian shipping company and Japanese firms Mitsui OSK Lines Ltd., Nippon Yusen KK and Kawasaki Kisen Kaisha Ltd

'Rich' to 'lean', 4 price changes: Story of India's largest gas import deal

Petronet renewing a contract to buy 7.5 million tonnes of LNG from Qatar annually from 2029 for 20 years is the largest-ever extension of super-chilled fuel in the world, and will support India's clean energy goals, officials said. The original 25-year deal was signed in 1999 and supplies started in 2004. Qatar has since then never defaulted on a single cargo and neither did it slap penalties under take-or-pay clause when the Indian firm did not take deliveries because prices were too high, top Petronet officials said. Supplies under the extended contract would start after Petronet takes deliveries of 52 cargoes it had failed to take in 2015-16 when prices had shot up sharply. While the volumes in contract have not changed, price changed four times, including the latest one when the contract extension was renegotiated. The composition of the gas promised to be delivered has also changed. RasGas, which is now QatarEnergy, had originally signed to supply 'rich' or gas containing ...

Petronet draws Rs 40,000 cr investment plan to increase profit by 2028

Petronet LNG Ltd, the operator of the world's largest liquefied natural gas (LNG) import terminal, will invest Rs 40,000 crore in expanding import capacity and petrochemicals with a target to treble net profit by 2028, its CEO A K Singh said. Petronet is making a foray into the petrochemical business by investing Rs 12,685 crore in a propane dehydrogenation plant that will convert imported feedstock into propylene, as well as setting up an LNG import facility at Gopalpur in Odisha at a cost of Rs 2,300 crore, he told reporters on the sidelines of India Energy Week here. The firm, which this week extended a deal to import 7.5 million tonnes a year of LNG from Qatar by 20 years, is also looking at investing in overseas projects such as a floating LNG terminal at Colombo in Sri Lanka. "We have charted a 1-5-10-40 strategy -- increasing turnover to Rs 1 lakh crore in 5 years with a net profit of Rs 10,000 crore from investing Rs 40,000 crore in expansions," he said. The strategy started

Stocks to Watch today, Feb 8: Banks, Auto, Zomato, Adani Ports, LIC, TCP

Stocks to Watch on Thursday, February 8: Shares of banking and finance, auto, housing, and real estate will be in focus as the Reserve Bank of India is set to announce the decision of it's MPC meeting

Petronet signs a new long-term agreement to source LNG from Qatar

An existing deal for another 7.5 MMTPA of LNG from Qatar, signed back in 1999, was also recently extended by the company till 2028

Petronet to sign LNG deal with Qatar for supplies past 2028: Report

India wants to raise the share of natural gas in its energy mix to 15 per cent by 2030, up from 6.2 per cent currently, as part of an effort to cut emissions

India proposes supplying LNG to our power facilities: Sri Lanka's minister

'In the efforts to expedite the process to generate power from LNG the Government of India has proposed an interim solution from Petronet LNG,' Energy Minister Kanchana Wijesekera said

Petronet Q3 results: Record profit at Rs 1,190 crore on higher capacity

Petronet LNG Ltd, India's biggest Liquefied Natural Gas (LNG) importer, posted a record third quarter net profit of Rs 1,190.30 crore as fall in gas prices increased capacity utilisation at its main Dahej import facility in Gujarat. The company had posted a net profit of Rs 1,175.94 crore in the year-ago period and Rs 814.91 crore profit in the preceding quarter. Profit rose on the back of higher capacity utilisation at 17.5 million tonnes a year import terminal at Dahej, Petronet CEO Akshay Kumar Singh told reporters on a media call. During the December quarter, Dahej terminal processed 218 Trillion British Thermal Unit (TBTU) of LNG as against 154 TBTU during the corresponding quarter a year ago, and 210 TBTU in the July-September period, he said. This led to a capacity utilisation of 99 per cent, up from 95 per cent in the preceding quarter and 70 per cent in the year-ago period. The softening in international LNG prices brought in more volumes. Together with its Kochi termina

Petronet LNG Q3FY24 results: Net profit rises 1.2% to Rs 1,191 crore

Higher operational efficiency and capacity utilization at Petronet's Dahej LNG terminal drives profit

BSE 200 scorecard: From IGL to Zee, reading the tea leaves from FPI move

Krishna Kant and Ram Prasad Sahu track the investments made by foreign portfolio investors in BSE 200 companies - a move that is seen as pivotal to the future of a stock on bourses

Petronet to sign deal to extend Qatar LNG imports beyond 2028: Oil secy

Petronet has a 7.5-million metric ton per year (tpy) long-term LNG import deal with Qatar and its promoters Indian Oil Corp, Bharat Petroleum Corp and GAIL (India) Ltd has a 1 million tpy deal

Petronet LNG profit up 9%, to invest Rs 20,685 cr in petrochem plant

The terminal's utilisation level, which was 80 per cent in FY23, has remained consistently above 90 per cent in FY24 so far

Petronet LNG Q2 results: Net profit rises 9%, will invest Rs 20,685 crore

Petronet LNG Ltd, India's largest liquefied natural gas importer, on Monday reported a 9 per cent rise in the September quarter consolidated net profit as margins rose. It posted a consolidated net profit of Rs 855.74 crore, or Rs 5.70 per share, in July-September compared with Rs 785.73 crore, or Rs 5.24 a share, earning in the same period a year ago, according to a company's stock exchange filing. Revenue was down 21.6 per cent at Rs 12,532.57 crore on lower gas prices. Margin rose to 9.7 per cent in the second quarter of the current fiscal. Petronet said its board of directors approved an investment of Rs 20,685 crore for setting up a petrochemical plant at Dahej in Gujarat. The petrochemical plant, which will come up adjacent to India's largest LNG import facility operated by the company, will consist of a 750,000 tonnes per annum propane dehydrogenation plant (PDH) and 500,000 tonnes a year of poly-propylene plant. "The project would bring revenue generation from the sale of