Page 3 - Petronet Lng

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

Great Eastern Shipping to Petronet LNG: 10 value bets for rich payoffs

Krishna Kant & Ram Prasad Sahu suggest stocks of non-BFSI firms with the right blend of low valuation, positive cash flow, good earnings visibility

Petronet eyes lower prices under renewed long-term deal with Qatar

Petronet is "seriously engaged" with Qatar to extend its long-term deal to beyond 2028, Singh said, adding that Petronet has until the end of the year to complete negotiations for an extension

Petronet LNG Q1FY24 results: Net profit at Rs 789 cr YoY; revenue down 18%

The total income for Q1FY24 came in at Rs 11,802.79 crore, compared to Rs 14,405.58 crore YoY

Petronet LNG dips 5% on disappointing Q4 results; net profit falls 18% YoY

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

Q4 results: Petronet LNG profit slips 18% to Rs 614 cr, revenue up 24.3%

Company recorded highest ever turnover of Rs 59,899 Cr in FY23, up 39%

India mulls building LNG reserve to avoid future price hike or shortages

The government has proposed we should have more storage space for LNG so that when prices are lower we should store, and supply when there is crisis

Petronet seeks additional LNG of 0.75 to 1 mn tonnes from Qatar, says CEO

India's top gas importer Petronet LNG is seeking additional Liquified Natural Gas (LNG) of 0.75 to one million tonnes per annum (mtpa) from Qatar, the company's Chief Executive A.K. Singh said

Petronet LNG books highest ever quarterly profit of Rs 1,181 crore in Q3

The company argued it was able to achieve robust financial results due to cooling global LNG prices, and operational optimization cutting power and fuel costs

'India's gas imports to rise on easing global prices', says Petronet LNG

India's gas imports in October and November declined by about a fifth to about 1.8 million tonnes from this fiscal year's peak of 2.2 million tonnes in May

Petronet LNG Q2 results: Net profit down 10%, but turnover highest

The company is currently expanding capacity by 9 million tonnes at its LNG terminals in Dahej, and Kochi