The company is already in talks with oil marketing companies like IOC, HPCL and BPCL to enter into a tie up with them
The stock rallied 8% to Rs 374 after the company reported a strong 82% YoY jump in profit at Rs 460 crore in Q2FY17.
Higher capacity use, margins lead to good results; static demand may make sustainability difficult
Company posted a 55 per cent jump in standalone net profit at Rs 377.86 crore for the quarter ended June 30
Total income during the period under review fell to Rs 5,386.66 crore as against Rs 8,411.61 crore a year ago
Besides Bangladesh, Petronet has also proposed to set up 1 MT LNG terminal in Sri Lanka to meet local demand
Total income dips 15% to Rs 6,065 cr; Gas importer to spend Rs 600 crore on Dahej terminal this fiscal