On the bourses around 10:15 AM, Petronet LNG shares were struggling as the scrip was trading 1.31% lower at ₹273.95. In comparison, BSE Sensex was trading 0.29% lower at 83,289.99 levels.
Local lenders including Axis Bank, State Bank of India and Union Bank of India are considering to join the facility, which is among the company's largest fundraising exercises
Stocks to Buy Today: Ajit Mishra of Religare Broking recommends a buy on Maruti Suzuki, Manappuram Finance and Petronet LNG on Friday, May 2, 2025.
The fall in the state-run company's share price followed the company posting mixed financial results for the third quarter of FY25 (Q3FY25)
There is 95-100 per cent utilisation at Petronet's Dahej terminal whereas other terminals are under-utilised
Petronet LNG share price: According to reports, PNGRB said that despite Dahej's plan to expand its capacity to 22.5 MMTPA, the re-gas charges have risen by 5 per cent annually
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
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
The company's profit after tax (PAT) declined 18 per cent YoY (down 48 per cent QoQ) to Rs 614.3 crore. Revenue increased 24.3 per cent YoY (down 12 per cent QoQ) to Rs 13,873.9 crore
Shares of gas distribution companies have being in focus on expectations of rise in demand, coupled with a favourable outcome from the Kirit Parikh report.
NEW DELHI (Reuters) - India's Petronet LNG has begun talks with Qatar to renew a multi-year gas deal despite market "turbulence", making new long-term contracts difficult as sanctions on Russian fuel have squeezed an already tightly supplied market.
The company is betting on plateauing domestic production and possible LNG demand from tyhe transport segment
The company's board of directors also approved special interim dividend of Rs 5.50 per share for 2019-20 fiscal year.
With fresh triggers for gas demand and limited domestic availability, expect earnings momentum to stay healthy