PETRONET
New to Zerodha? Sign-up for free.
New to Zerodha? Sign-up for free.
-
Share Price
-
Financials
-
Revenue mix
-
Shareholdings
-
Peers
-
Forensics
- 5D
- 1M
- 6M
- YTD
- 1Y
- 5Y
- MAX
This data is currently unavailable for this company.
-
Summary
-
Profit & Loss
-
Balance sheet
-
Cashflow
This data is currently unavailable for this company.
| (In Cr.) |
|---|
| (In Cr.) | ||||
|---|---|---|---|---|
|
This data is currently unavailable for this company. |
| (In %) |
|---|
| (In Cr.) |
|---|
| Financial Year (In Cr.) |
|---|
-
Product wise
-
Location wise
Revenue Mix
This data is currently unavailable for this company.
Revenue Mix
This data is currently unavailable for this company.
Recent events
-
News
-
Corporate Actions
Sri Lanka says no immediate LNG imports from India as infrastructure lags
By Sethuraman N R
NEW DELHI, Sept 23 (Reuters) - Sri Lanka has no immediate plans to import liquefied natural gas (LNG) from India, as the required infrastructure including storage facilities is yet to be built, the country’s energy minister said on Tuesday.
India announced last year it would supply LNG to Sri Lanka’s power plants and work on cross-border energy connectivity, including a petroleum pipeline and power grid link.
However, no progress has been made on the supply of LNG.
"We have to first build the storage facility. Construction has not commenced yet,” said Sri Lanka's energy minister Kumara Jayakody, speaking to Reuters on the sidelines of Confederation of Indian Industry's energy summit in New Delhi.
Sri Lanka is yet to finalise the LNG contract procurement with India, he said.
The minister said it would take at least three years to complete construction of the storage infrastructure, and imports would begin only after that.
While discussions to build storage had taken place under the previous government, no contracts have been finalised, he added.
“We are studying the earlier content, deciding the location, and evaluating the loan and pricing aspects,” Jayakody said.
Indian state-run firm Petronet LNG PLNG.NS had last year signed a deal to supply LNG to Sri Lankan engineering firm LTL Holdings' power plants in Colombo.
The minister said both countries have formed a team and are working on submitting prospective reports about the planned work of developing a cross-border transmission system from southern India to the island's north.
(Reporting by Sethuraman NR
Editing by Shri Navaratnam)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
By Sethuraman N R
NEW DELHI, Sept 23 (Reuters) - Sri Lanka has no immediate plans to import liquefied natural gas (LNG) from India, as the required infrastructure including storage facilities is yet to be built, the country’s energy minister said on Tuesday.
India announced last year it would supply LNG to Sri Lanka’s power plants and work on cross-border energy connectivity, including a petroleum pipeline and power grid link.
However, no progress has been made on the supply of LNG.
"We have to first build the storage facility. Construction has not commenced yet,” said Sri Lanka's energy minister Kumara Jayakody, speaking to Reuters on the sidelines of Confederation of Indian Industry's energy summit in New Delhi.
Sri Lanka is yet to finalise the LNG contract procurement with India, he said.
The minister said it would take at least three years to complete construction of the storage infrastructure, and imports would begin only after that.
While discussions to build storage had taken place under the previous government, no contracts have been finalised, he added.
“We are studying the earlier content, deciding the location, and evaluating the loan and pricing aspects,” Jayakody said.
Indian state-run firm Petronet LNG PLNG.NS had last year signed a deal to supply LNG to Sri Lankan engineering firm LTL Holdings' power plants in Colombo.
The minister said both countries have formed a team and are working on submitting prospective reports about the planned work of developing a cross-border transmission system from southern India to the island's north.
(Reporting by Sethuraman NR
Editing by Shri Navaratnam)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
India's top gas importer Petronet seeks 120 billion rupee loan
NEW DELHI, July 28 (Reuters) - India's top gas importer, Petronet LNG PLNG.NS, is looking to raise a 120 billion rupee (about $1.4 billion) local currency loan to fund the expansion of a plant, its head of finance, Saurav Mitra, said in an analyst call on Monday.
The company is building a petrochemical plant in India's western state of Gujarat at the cost of 206.85 billion rupees.
Petronet aims to spend 300 billion rupees in the next few years, and most of that on building a petrochemical project, Mitra said.
Its capital expenditure for 2026-27 would be higher than the 50 billion rupees estimated for the current fiscal year to March 2026, he said.
Last week, the company's board approved setting up a 5 million tons per year LNG import terminal in the eastern state of Odisha at the cost of 63.5 billion rupees.
($1 = 86.5050 Indian rupees)
(Reporting by Nidhi Verma; Editing by Mrigank Dhaniwala)
(([email protected]; +91 11 49548031; Reuters Messaging: [email protected]))
NEW DELHI, July 28 (Reuters) - India's top gas importer, Petronet LNG PLNG.NS, is looking to raise a 120 billion rupee (about $1.4 billion) local currency loan to fund the expansion of a plant, its head of finance, Saurav Mitra, said in an analyst call on Monday.
The company is building a petrochemical plant in India's western state of Gujarat at the cost of 206.85 billion rupees.
Petronet aims to spend 300 billion rupees in the next few years, and most of that on building a petrochemical project, Mitra said.
Its capital expenditure for 2026-27 would be higher than the 50 billion rupees estimated for the current fiscal year to March 2026, he said.
Last week, the company's board approved setting up a 5 million tons per year LNG import terminal in the eastern state of Odisha at the cost of 63.5 billion rupees.
($1 = 86.5050 Indian rupees)
(Reporting by Nidhi Verma; Editing by Mrigank Dhaniwala)
(([email protected]; +91 11 49548031; Reuters Messaging: [email protected]))
Petronet LNG Exec Says Aims To Operate Dahej LNG Terminal At New Higher Capacity In Jan-March 2026
July 25 (Reuters) - Petronet LNG Ltd PLNG.NS:
PETRONET LNG EXEC: LOWER POWER PLANTS' DEMAND, FERTILISER PLANTS' MAINTENANCE SHUTDOWN CUT LNG DEMAND IN INDIA
PETRONET LNG EXEC: LONG-TERM LNG IS CHEAPER THAN SPOT PRICES
PETRONET LNG EXEC: RAISES CAPEX FOR GOPALPUR LNG TERMINAL
PETRONET LNG EXEC: 5 MTPA GOPALPUR LNG TERMINAL TO COST 63.5 BILLION RUPEES
PETRONET LNG EXEC: EXPECT DAHEJ LNG TERMINAL EXPANSION TO 22.5 MTPA BY OCT
PETRONET LNG EXEC: AIMS TO OPERATE DAHEJ LNG TERMINAL AT NEW HIGHER CAPACITY IN JAN-MARCH 2026
Further company coverage: PLNG.NS
(([email protected];))
July 25 (Reuters) - Petronet LNG Ltd PLNG.NS:
PETRONET LNG EXEC: LOWER POWER PLANTS' DEMAND, FERTILISER PLANTS' MAINTENANCE SHUTDOWN CUT LNG DEMAND IN INDIA
PETRONET LNG EXEC: LONG-TERM LNG IS CHEAPER THAN SPOT PRICES
PETRONET LNG EXEC: RAISES CAPEX FOR GOPALPUR LNG TERMINAL
PETRONET LNG EXEC: 5 MTPA GOPALPUR LNG TERMINAL TO COST 63.5 BILLION RUPEES
PETRONET LNG EXEC: EXPECT DAHEJ LNG TERMINAL EXPANSION TO 22.5 MTPA BY OCT
PETRONET LNG EXEC: AIMS TO OPERATE DAHEJ LNG TERMINAL AT NEW HIGHER CAPACITY IN JAN-MARCH 2026
Further company coverage: PLNG.NS
(([email protected];))
India's Petronet LNG rises after Motilal Oswal upgrades to 'buy'
** Shares of Petronet LNG Ltd PLNG.NS rises 2.6% to 307.05 rupees
** Motilal Oswal upgrades PLNG to "buy" with a TP of 410 rupees/share, upside of 36.8% from last close
** Motilal says stock price already assumes a 20% tariff cut at PLNG’s Dahej, Kochi terminals by FY28 and no growth afterward
** Brokerage still sees PLNG's Dahej terminal as better positioned for growth, as rival terminals are underused and more expensive to run
** Motilal building in a PAT CAGR of 9% during FY25-27 for co, driven by volume growth and scheduled 5% tariff hike for both Dahej, Kochi terminals
** Mean rating of stock is 'hold'; their median PT is 331 rupees - data compiled by LSEG
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
** Shares of Petronet LNG Ltd PLNG.NS rises 2.6% to 307.05 rupees
** Motilal Oswal upgrades PLNG to "buy" with a TP of 410 rupees/share, upside of 36.8% from last close
** Motilal says stock price already assumes a 20% tariff cut at PLNG’s Dahej, Kochi terminals by FY28 and no growth afterward
** Brokerage still sees PLNG's Dahej terminal as better positioned for growth, as rival terminals are underused and more expensive to run
** Motilal building in a PAT CAGR of 9% during FY25-27 for co, driven by volume growth and scheduled 5% tariff hike for both Dahej, Kochi terminals
** Mean rating of stock is 'hold'; their median PT is 331 rupees - data compiled by LSEG
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
India's Petronet slips on Q4 results; analysts flag weak volumes, low returns
** Shares of India's Petronet LNG PLNG.NS down 1.37% at 316.4 rupees following the release of co's Q4 results
** Petronet's profit after tax jumps 45%, but revenue falls nearly 11% due to a one-time provision reversal and lower costs
** Citi Research maintains "sell", says volumes were "materially below expectations"
** Adds that rising competitive pressures, high LNG prices and a muted seasonal ramp up in gas-based power generation could limit performance upside
** Macquarie maintains "underperform", flags declining returns trajectory, adding PLNG's foray into petrochemicals not likely to improve them
** PLNG rated "hold" by 32 analysts, with median PT at 324 rupees, as per data complied by LSEG
(Reporting by Ananta Agarwal in Bengaluru)
** Shares of India's Petronet LNG PLNG.NS down 1.37% at 316.4 rupees following the release of co's Q4 results
** Petronet's profit after tax jumps 45%, but revenue falls nearly 11% due to a one-time provision reversal and lower costs
** Citi Research maintains "sell", says volumes were "materially below expectations"
** Adds that rising competitive pressures, high LNG prices and a muted seasonal ramp up in gas-based power generation could limit performance upside
** Macquarie maintains "underperform", flags declining returns trajectory, adding PLNG's foray into petrochemicals not likely to improve them
** PLNG rated "hold" by 32 analysts, with median PT at 324 rupees, as per data complied by LSEG
(Reporting by Ananta Agarwal in Bengaluru)
Petronet LNG Exec Says Indian Markets Want LNG Prices At Below $10/MMBTU
May 19 (Reuters) - Petronet LNG Exec PLNG.NS:
TO COMPLETE CAPACITY EXPANSION OF DAHEJ LNG TERMINAL TO 22.5 MTPA FROM 17.5 MTPA IN 3-4 MONTHS
LONG TERM LNG PRICES AT ABOUT $10/MBTU, ABOUT $1.5 CHEAPER THAN SPOT LNG
INDIAN MARKETS WANT LNG PRICES AT BELOW $10/MMBTU
EXPECT LNG DEMAND FROM POWER PLANTS TO PICK UP IN JUNE
Further company coverage: PLNG.NS
(([email protected];))
May 19 (Reuters) - Petronet LNG Exec PLNG.NS:
TO COMPLETE CAPACITY EXPANSION OF DAHEJ LNG TERMINAL TO 22.5 MTPA FROM 17.5 MTPA IN 3-4 MONTHS
LONG TERM LNG PRICES AT ABOUT $10/MBTU, ABOUT $1.5 CHEAPER THAN SPOT LNG
INDIAN MARKETS WANT LNG PRICES AT BELOW $10/MMBTU
EXPECT LNG DEMAND FROM POWER PLANTS TO PICK UP IN JUNE
Further company coverage: PLNG.NS
(([email protected];))
Petronet LNG Says Saurav Mitra Joins Petronet LNG As Director (Finance) & CFO
April 22 (Reuters) - Petronet LNG Ltd PLNG.NS:
SAURAV MITRA JOINS PETRONET LNG AS DIRECTOR (FINANCE) & CFO
Source text: ID:nBSEbkVvXG
Further company coverage: PLNG.NS
(([email protected];;))
April 22 (Reuters) - Petronet LNG Ltd PLNG.NS:
SAURAV MITRA JOINS PETRONET LNG AS DIRECTOR (FINANCE) & CFO
Source text: ID:nBSEbkVvXG
Further company coverage: PLNG.NS
(([email protected];;))
Petronet LNG Says Vinod Kumar Mishra Ceases To Be CFO
April 18 (Reuters) - Petronet LNG Ltd PLNG.NS:
VINOD KUMAR MISHRA CEASES TO BE CFO
Source text: ID:nBSEc9Zh73
Further company coverage: PLNG.NS
(([email protected];))
April 18 (Reuters) - Petronet LNG Ltd PLNG.NS:
VINOD KUMAR MISHRA CEASES TO BE CFO
Source text: ID:nBSEc9Zh73
Further company coverage: PLNG.NS
(([email protected];))
Petronet LNG Ltd Appoints Saurav Mitra As Director (Finance) & CFO
April 16 (Reuters) - Petronet LNG Ltd PLNG.NS:
APPOINTS SAURAV MITRA AS DIRECTOR (FINANCE) & CFO
Source text: ID:nBSE8z7btX
Further company coverage: PLNG.NS
(([email protected];;))
April 16 (Reuters) - Petronet LNG Ltd PLNG.NS:
APPOINTS SAURAV MITRA AS DIRECTOR (FINANCE) & CFO
Source text: ID:nBSE8z7btX
Further company coverage: PLNG.NS
(([email protected];;))
India's Petronet LNG rises after pact for LNG terminal
** Shares of Petronet LNG PLNG.NS rise 3.4%, rebounding from Monday's 2.8% decline
** Co signs initial pact With Odisha state government to set up a 4 MTPA liquefied natural gas terminal
** PLNG set to snap three-session losing streak
** PLNG down about 18% YTD, compared to a 9.3% drop in Nifty energy index .NIFTYENR
(Reporting by Vijay Malkar)
(([email protected];))
** Shares of Petronet LNG PLNG.NS rise 3.4%, rebounding from Monday's 2.8% decline
** Co signs initial pact With Odisha state government to set up a 4 MTPA liquefied natural gas terminal
** PLNG set to snap three-session losing streak
** PLNG down about 18% YTD, compared to a 9.3% drop in Nifty energy index .NIFTYENR
(Reporting by Vijay Malkar)
(([email protected];))
India to remain bright spot for petchem demand in 2025
By Mohi Narayan
NEW DELHI, Feb 14 (Reuters) - India will be a bright spot for petrochemical demand in 2025 even as global consumption lags supply, amid rising demand for electric vehicle parts, solar panels and household appliances, industry executives said on the sidelines of India Energy Week conference.
"We are seeing good local demand in the sectors like propylene where our company operates," Bharat Petroleum's BPCL.NS director of refineries Sanjay Khanna said.
Indian Oil IOC.NS Chairman A S Sahney said demand is expected to remain resilient this year.
Petrochemicals are used in key building blocks for a variety of goods such as plastics, paints, and pharmaceuticals.
Ganesh Gopalakrishnan, TotalEnergies's TTEF.PA global head of petrochemical trading, said there is good demand from the automobile sector while white goods consumption is recovering.
However, global petrochemical margins are expected to stay depressed for a few more years amid weak demand from top petrochemical consumer China and excess supply from new Chinese and Middle Eastern plants.
"The industry is waiting for China to announce its big incentive plan in March," said TotalEnergies's Gopalakrishnan, adding that this could spur China's demand and improve global petrochemical margins.
Refiners in India have been insulated from losses because they produce their own petrochemical feedstock naphtha, margins have been negative in the last 3-4 years for standalone plants which rely on imported feed, said Pankaj Srivastava, an analyst at consultancy Rystad Energy.
Meanwhile, investments continue to pour into India. The country is expected to receive $87 billion worth of investments in the next decade to meet the nation's rising demand for petrochemicals, the country's oil minister Hardeep Singh Puri said last year.
He said India consumes 25 to 30 million metric tons of petrochemical products annually, and the chemical and petrochemicals sector, currently valued at $220 billion, is expected to grow to $300 billion by 2025.
Companies such as Nayara Energy and Haldia Petrochemicals have already announced plans to boost production.
Petronet LNG is setting up a petrochemical complex of 750,000 metric tons-per-year (tpy) propane dehydrogenation unit and 500,000 tpy polypropylene unit in the western state of Gujarat.
"The downturn in petchems has always been cyclical and we hope margins will recover in next three years," Petronet LNG Chief Executive Akshay Kumar Singh said.
(Reporting by Mohi Narayan; Editing by Florence Tan and Michael Perry)
By Mohi Narayan
NEW DELHI, Feb 14 (Reuters) - India will be a bright spot for petrochemical demand in 2025 even as global consumption lags supply, amid rising demand for electric vehicle parts, solar panels and household appliances, industry executives said on the sidelines of India Energy Week conference.
"We are seeing good local demand in the sectors like propylene where our company operates," Bharat Petroleum's BPCL.NS director of refineries Sanjay Khanna said.
Indian Oil IOC.NS Chairman A S Sahney said demand is expected to remain resilient this year.
Petrochemicals are used in key building blocks for a variety of goods such as plastics, paints, and pharmaceuticals.
Ganesh Gopalakrishnan, TotalEnergies's TTEF.PA global head of petrochemical trading, said there is good demand from the automobile sector while white goods consumption is recovering.
However, global petrochemical margins are expected to stay depressed for a few more years amid weak demand from top petrochemical consumer China and excess supply from new Chinese and Middle Eastern plants.
"The industry is waiting for China to announce its big incentive plan in March," said TotalEnergies's Gopalakrishnan, adding that this could spur China's demand and improve global petrochemical margins.
Refiners in India have been insulated from losses because they produce their own petrochemical feedstock naphtha, margins have been negative in the last 3-4 years for standalone plants which rely on imported feed, said Pankaj Srivastava, an analyst at consultancy Rystad Energy.
Meanwhile, investments continue to pour into India. The country is expected to receive $87 billion worth of investments in the next decade to meet the nation's rising demand for petrochemicals, the country's oil minister Hardeep Singh Puri said last year.
He said India consumes 25 to 30 million metric tons of petrochemical products annually, and the chemical and petrochemicals sector, currently valued at $220 billion, is expected to grow to $300 billion by 2025.
Companies such as Nayara Energy and Haldia Petrochemicals have already announced plans to boost production.
Petronet LNG is setting up a petrochemical complex of 750,000 metric tons-per-year (tpy) propane dehydrogenation unit and 500,000 tpy polypropylene unit in the western state of Gujarat.
"The downturn in petchems has always been cyclical and we hope margins will recover in next three years," Petronet LNG Chief Executive Akshay Kumar Singh said.
(Reporting by Mohi Narayan; Editing by Florence Tan and Michael Perry)
Petronet LNG Exec Says Dahej LNG Terminal Expansion To Complete In 3-4 Months Time
Feb 13 (Reuters) - Petronet LNG Ltd PLNG.NS
PETRONET LNG EXEC: DAHEJ LNG TERMINAL EXPANSION TO COMPLETE IN 3-4 MONTHS TIME
PETRONET LNG EXEC: OPERATING 5 MTPA KOCHI LNG TERMINAL AT ABOUT 25% CAPACITY
PETRONET LNG EXEC: TO COMPLETE GOPALPUR LNG TERMINAL IN 3 YRS TIME
PETRONET LNG EXEC: INDIAN GAS CONSUMPTION TO RISE 3.5 TIMES FROM CURRENT LEVEL TO RAISE SHARE OF GAS IN ENERGY MIX TO 15% BY 2030
PETRONET LNG EXEC: INDIA MAY HAVE TO IMPORT 120 MTPA LNG TO RAISE SHARE OF GAS TO 15% BY 2030
PETRONET LNG EXEC: GLOBAL GAS PRODUCERS SHOULD LOOK AT MAKING GAS AFFORDABLE FOR CONSUMERS TO PREVENT SHIFT TO ALTERNATIVES
PETRONET LNG EXEC: WILL LOOK TO GET INTO LNG TRADING
Further company coverage: PLNG.NS
(([email protected];;))
Feb 13 (Reuters) - Petronet LNG Ltd PLNG.NS
PETRONET LNG EXEC: DAHEJ LNG TERMINAL EXPANSION TO COMPLETE IN 3-4 MONTHS TIME
PETRONET LNG EXEC: OPERATING 5 MTPA KOCHI LNG TERMINAL AT ABOUT 25% CAPACITY
PETRONET LNG EXEC: TO COMPLETE GOPALPUR LNG TERMINAL IN 3 YRS TIME
PETRONET LNG EXEC: INDIAN GAS CONSUMPTION TO RISE 3.5 TIMES FROM CURRENT LEVEL TO RAISE SHARE OF GAS IN ENERGY MIX TO 15% BY 2030
PETRONET LNG EXEC: INDIA MAY HAVE TO IMPORT 120 MTPA LNG TO RAISE SHARE OF GAS TO 15% BY 2030
PETRONET LNG EXEC: GLOBAL GAS PRODUCERS SHOULD LOOK AT MAKING GAS AFFORDABLE FOR CONSUMERS TO PREVENT SHIFT TO ALTERNATIVES
PETRONET LNG EXEC: WILL LOOK TO GET INTO LNG TRADING
Further company coverage: PLNG.NS
(([email protected];;))
Petronet LNG Executes Agreements With Deepak Phenolics For Propylene And Hydrogen
Feb 6 (Reuters) - Petronet LNG Ltd PLNG.NS:
EXECUTES AGREEMENTS WITH DEEPAK PHENOLICS FOR PROPYLENE AND HYDROGEN
AGREEMENT INCLUDES SALE OF 250 KTA PROPYLENE AND 11 KTA HYDROGEN
SUPPLY PERIOD UNDER AGREEMENTS IS 15 YEARS
Source text: ID:nBSE7CSXdF
Further company coverage: PLNG.NS
(([email protected];;))
Feb 6 (Reuters) - Petronet LNG Ltd PLNG.NS:
EXECUTES AGREEMENTS WITH DEEPAK PHENOLICS FOR PROPYLENE AND HYDROGEN
AGREEMENT INCLUDES SALE OF 250 KTA PROPYLENE AND 11 KTA HYDROGEN
SUPPLY PERIOD UNDER AGREEMENTS IS 15 YEARS
Source text: ID:nBSE7CSXdF
Further company coverage: PLNG.NS
(([email protected];;))
Petronet LNG Dec-Quarter Consol PAT 8.67 Bln Rupees
Jan 30 (Reuters) - Petronet LNG Ltd PLNG.NS:
DEC-QUARTER CONSOL PAT 8.67 BILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 122.27 BILLION RUPEES
Source text: ID:nNSEbkPPr8
Further company coverage: PLNG.NS
(([email protected];;))
Jan 30 (Reuters) - Petronet LNG Ltd PLNG.NS:
DEC-QUARTER CONSOL PAT 8.67 BILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 122.27 BILLION RUPEES
Source text: ID:nNSEbkPPr8
Further company coverage: PLNG.NS
(([email protected];;))
Petronet LNG Says Agreement For Sale Of 250 KTA Of Propylene, 11 KTA Of Hydrogen
Jan 27 (Reuters) - Petronet LNG Ltd PLNG.NS:
PETRONET LNG - AGREEMENT FOR SALE OF 250 KTA OF PROPYLENE, 11 KTA OF HYDROGEN
PETRONET LNG - AGREEMENT TO BE EXECUTED BETWEEN PETRONET LNG, DEEPAK PHENOLICS
Source text: ID:nnAPN2L2VY2
Further company coverage: PLNG.NS
(([email protected];))
Jan 27 (Reuters) - Petronet LNG Ltd PLNG.NS:
PETRONET LNG - AGREEMENT FOR SALE OF 250 KTA OF PROPYLENE, 11 KTA OF HYDROGEN
PETRONET LNG - AGREEMENT TO BE EXECUTED BETWEEN PETRONET LNG, DEEPAK PHENOLICS
Source text: ID:nnAPN2L2VY2
Further company coverage: PLNG.NS
(([email protected];))
Petronet LNG Says Regulating LNG Terminals Would Require Amendment In PNGRB Act
Jan 2 (Reuters) - Petronet LNG Ltd PLNG.NS:
CLARIFIES ON PNGRB NEWS
REGULATING LNG TERMINALS WOULD REQUIRE AMENDMENT IN PNGRB ACT
DAHEJ TERMINAL OFFERS COMPETITIVE REGAS CHARGES
THERE IS NO MONOPOLY IN REGAS TERMINAL BUSINESS
CHARGES BEEN FIXED ON AGREEMENTS BETWEEN CO AND VARIOUS USERS
Source text: ID:nBSE90BJdV
Further company coverage: PLNG.NS
(([email protected];))
Jan 2 (Reuters) - Petronet LNG Ltd PLNG.NS:
CLARIFIES ON PNGRB NEWS
REGULATING LNG TERMINALS WOULD REQUIRE AMENDMENT IN PNGRB ACT
DAHEJ TERMINAL OFFERS COMPETITIVE REGAS CHARGES
THERE IS NO MONOPOLY IN REGAS TERMINAL BUSINESS
CHARGES BEEN FIXED ON AGREEMENTS BETWEEN CO AND VARIOUS USERS
Source text: ID:nBSE90BJdV
Further company coverage: PLNG.NS
(([email protected];))
Konstelec Engineers Gets Order Worth 178.5 Million Rupees
Dec 30 (Reuters) - Konstelec Engineers Ltd KONS.NS:
KONSTELEC ENGINEERS LTD - AWARDED ORDER WORTH 178.5 MILLION RUPEES
KONSTELEC ENGINEERS LTD -GETS ORDER FROM PETRONET LNG
Source text: ID:nNSE32QMVW
Further company coverage: KONS.NS
(([email protected];))
Dec 30 (Reuters) - Konstelec Engineers Ltd KONS.NS:
KONSTELEC ENGINEERS LTD - AWARDED ORDER WORTH 178.5 MILLION RUPEES
KONSTELEC ENGINEERS LTD -GETS ORDER FROM PETRONET LNG
Source text: ID:nNSE32QMVW
Further company coverage: KONS.NS
(([email protected];))
Modi says India plans to supply LNG to Sri Lanka, connect power grids
Adds details of joint statement from paragraph 2
NEW DELHI, Dec 16 (Reuters) - India plans to supply liquefied natural gas to Sri Lanka's power plants and will work on connecting the power grids of the two countries as well as lay a petroleum pipeline between the neighbours, Indian Prime Minister Narendra Modi said on Monday.
Modi was speaking at a joint press briefing with Sri Lankan President Anura Kumara Dissanayake in New Delhi.
Dissanayake is on his first official visit to Sri Lanka's powerful neighbour after winning the presidency in September and securing a landslide parliamentary election victory last month.
Indian state-run firm Petronet LNG PLNG.NS has signed a deal to supply liquefied natural gas to Sri Lankan engineering firm LTL Holdings' power plants in Colombo for five years through its terminal in the southern Indian city of Kochi.
Both sides also discussed a plan to connect power grids and lay a multi-product petroleum pipeline between the two countries, a joint statement from the Indian External Affairs Ministry said.
The two countries also agreed to jointly develop offshore wind power potential in the Palk Straits, an area where India's Adani Green Energy Ltd. ADNA.NS already has plans to invest $442 million in two wind power stations.
Sri Lanka is reviewing the wind power project along with a $553 million terminal project at the Colombo port also linked to Adani Ports APSE.NS. But it was unclear if the projects were discussed during the meeting between Modi and Dissanayake.
Last month, U.S. authorities accused Adani Group Chairman Gautam Adani and seven others of being part of a $265 million scheme to bribe Indian officials, and of misleading U.S. investors while raising funds there.
The ports-to-power conglomerate has termed the allegations "baseless" and said it would seek "all possible legal recourse".
India extended more than $4 billion in aid to Sri Lanka when the island nation's economy plunged into a severe financial crisis in 2022 and entered into a preliminary debt restructuring agreement, along with other bilateral creditors Japan and China, in July.
The two countries will now finalise discussions on the bilateral memorandum of understanding needed to complete the debt restructuring process, the joint statement added.
(Reporting by Shanima A in Mumbai and Shivam Patel in New Delhi; Editing by YP Rajesh)
(([email protected]; (Direct: +91 72 5956 7774);))
Adds details of joint statement from paragraph 2
NEW DELHI, Dec 16 (Reuters) - India plans to supply liquefied natural gas to Sri Lanka's power plants and will work on connecting the power grids of the two countries as well as lay a petroleum pipeline between the neighbours, Indian Prime Minister Narendra Modi said on Monday.
Modi was speaking at a joint press briefing with Sri Lankan President Anura Kumara Dissanayake in New Delhi.
Dissanayake is on his first official visit to Sri Lanka's powerful neighbour after winning the presidency in September and securing a landslide parliamentary election victory last month.
Indian state-run firm Petronet LNG PLNG.NS has signed a deal to supply liquefied natural gas to Sri Lankan engineering firm LTL Holdings' power plants in Colombo for five years through its terminal in the southern Indian city of Kochi.
Both sides also discussed a plan to connect power grids and lay a multi-product petroleum pipeline between the two countries, a joint statement from the Indian External Affairs Ministry said.
The two countries also agreed to jointly develop offshore wind power potential in the Palk Straits, an area where India's Adani Green Energy Ltd. ADNA.NS already has plans to invest $442 million in two wind power stations.
Sri Lanka is reviewing the wind power project along with a $553 million terminal project at the Colombo port also linked to Adani Ports APSE.NS. But it was unclear if the projects were discussed during the meeting between Modi and Dissanayake.
Last month, U.S. authorities accused Adani Group Chairman Gautam Adani and seven others of being part of a $265 million scheme to bribe Indian officials, and of misleading U.S. investors while raising funds there.
The ports-to-power conglomerate has termed the allegations "baseless" and said it would seek "all possible legal recourse".
India extended more than $4 billion in aid to Sri Lanka when the island nation's economy plunged into a severe financial crisis in 2022 and entered into a preliminary debt restructuring agreement, along with other bilateral creditors Japan and China, in July.
The two countries will now finalise discussions on the bilateral memorandum of understanding needed to complete the debt restructuring process, the joint statement added.
(Reporting by Shanima A in Mumbai and Shivam Patel in New Delhi; Editing by YP Rajesh)
(([email protected]; (Direct: +91 72 5956 7774);))
India Petronet aims to start Gopalpur LNG plant in 2027
NEW DELHI, Oct 24 (Reuters) - India's top gas importer Petronet LNG PLNG.NS aims to start operating a 5 million metric ton per year (tpy) liquefied natural gas (LNG) terminal at Gopalpur in eastern Odisha state in 2027, Chief Executive Akshay Kumar Singh said on Thursday.
The company had previously planned for a 4 million tpy floating storage and regassification unit at Gopalpur.
(Reporting by Nidhi Verma
Editing by David Goodman
)
(([email protected]; +91 11 49548031; Reuters Messaging: [email protected]))
NEW DELHI, Oct 24 (Reuters) - India's top gas importer Petronet LNG PLNG.NS aims to start operating a 5 million metric ton per year (tpy) liquefied natural gas (LNG) terminal at Gopalpur in eastern Odisha state in 2027, Chief Executive Akshay Kumar Singh said on Thursday.
The company had previously planned for a 4 million tpy floating storage and regassification unit at Gopalpur.
(Reporting by Nidhi Verma
Editing by David Goodman
)
(([email protected]; +91 11 49548031; Reuters Messaging: [email protected]))
India's Petronet LNG bucks drop in mid-caps; Emkay sets Street-high TP
** Petronet LNG PLNG.NS rises 5.4% to 362.75 rupees - top pct gainer on mid-cap 100 index .NIFMDCP100, which is down 1.4% amid broad sell-off in domestic markets
** Emkay Global upgrades to "buy" from "add", raises TP to Street-high of 425 rupees - a 23.4% upside to last close - LSEG
** Says India's top gas importer's valuations remain attractive at current levels and earnings outlook is steady, with EPS rising 7%-9% by FY27
** Adds co does not plan to bring any major tariff tweaks and is likely to sustain volume growth - both positives for stock outlook
** Avg rating of 31 analysts is "hold"; median TP is 315 rupees
** Stock up 63% YTD vs NIFMDCP100's 29% rise
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
** Petronet LNG PLNG.NS rises 5.4% to 362.75 rupees - top pct gainer on mid-cap 100 index .NIFMDCP100, which is down 1.4% amid broad sell-off in domestic markets
** Emkay Global upgrades to "buy" from "add", raises TP to Street-high of 425 rupees - a 23.4% upside to last close - LSEG
** Says India's top gas importer's valuations remain attractive at current levels and earnings outlook is steady, with EPS rising 7%-9% by FY27
** Adds co does not plan to bring any major tariff tweaks and is likely to sustain volume growth - both positives for stock outlook
** Avg rating of 31 analysts is "hold"; median TP is 315 rupees
** Stock up 63% YTD vs NIFMDCP100's 29% rise
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
India's Petronet signs deal with Sri Lanka's LTL for LNG supply
BENGALURU, Aug 20 (Reuters) - Indian state-run firm Petronet LNG PLNG.NS said on Tuesday it signed a deal to supply liquefied natural gas to Sri Lankan engineering firm LTL Holdings' power plants in Colombo.
Petronet will initially supply LNG to LTL for five years through its terminal in the south Indian city of Kochi, the country's top gas importer said in a stock exchange filing.
Sri Lanka has suffered from crippling power blackouts and fuel shortages in the aftermath of an economic crisis in 2022.
In February, Petronet's chief executive said they plan to begin supplying LNG to Sri Lanka for five years starting in 2025, through which they will ship 850 metric tons of gas daily to the island nation in 50 containers of 17 tons each.
(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Eileen Soreng)
(([email protected];))
BENGALURU, Aug 20 (Reuters) - Indian state-run firm Petronet LNG PLNG.NS said on Tuesday it signed a deal to supply liquefied natural gas to Sri Lankan engineering firm LTL Holdings' power plants in Colombo.
Petronet will initially supply LNG to LTL for five years through its terminal in the south Indian city of Kochi, the country's top gas importer said in a stock exchange filing.
Sri Lanka has suffered from crippling power blackouts and fuel shortages in the aftermath of an economic crisis in 2022.
In February, Petronet's chief executive said they plan to begin supplying LNG to Sri Lanka for five years starting in 2025, through which they will ship 850 metric tons of gas daily to the island nation in 50 containers of 17 tons each.
(Reporting by Ashna Teresa Britto in Bengaluru; Editing by Eileen Soreng)
(([email protected];))
India's Petronet seeks LNG cargoes for September delivery, sources say
SINGAPORE, July 25 (Reuters) - Indian gas importer Petronet LNG PLNG.NS has issued a tender for a liquefied natural gas (LNG) cargo for delivery in September, two industry sources said on Thursday.
The company is seeking the cargoes for delivery Sept. 10-24 to the Dahej terminal. The tender closes on July 26.
(Reporting by Emily Chow
Editing by David Goodman
)
(([email protected]; Reuters Messaging: [email protected]))
SINGAPORE, July 25 (Reuters) - Indian gas importer Petronet LNG PLNG.NS has issued a tender for a liquefied natural gas (LNG) cargo for delivery in September, two industry sources said on Thursday.
The company is seeking the cargoes for delivery Sept. 10-24 to the Dahej terminal. The tender closes on July 26.
(Reporting by Emily Chow
Editing by David Goodman
)
(([email protected]; Reuters Messaging: [email protected]))
Petronet LNG Q1 Consol PAT 11.42 Billion Rupees
July 24 (Reuters) - Petronet LNG Ltd PLNG.NS:
PETRONET LNG Q1 CONSOL PAT 11.42 BILLION RUPEES
PETRONET LNG Q1 CONSOL REVENUE FROM OPERATIONS 134.15 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: PLNG.NS
(([email protected];))
July 24 (Reuters) - Petronet LNG Ltd PLNG.NS:
PETRONET LNG Q1 CONSOL PAT 11.42 BILLION RUPEES
PETRONET LNG Q1 CONSOL REVENUE FROM OPERATIONS 134.15 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: PLNG.NS
(([email protected];))
Petronet LNG Exec Estimated India's LNG Demand To Rise To 27 MTPA In 2024
May 22 (Reuters) - Petronet LNG Ltd PLNG.NS:
PETRONET LNG EXEC: ESTIMATED INDIA'S LNG DEMAND TO RISE TO 27 MTPA IN 2024
PETRONET LNG EXEC: AIMS TO SET UP LNG TERMINAL IN EASTERN INDIA IN 3 YRS
Source text for Eikon: [ID:]
Further company coverage: PLNG.NS
(([email protected];))
May 22 (Reuters) - Petronet LNG Ltd PLNG.NS:
PETRONET LNG EXEC: ESTIMATED INDIA'S LNG DEMAND TO RISE TO 27 MTPA IN 2024
PETRONET LNG EXEC: AIMS TO SET UP LNG TERMINAL IN EASTERN INDIA IN 3 YRS
Source text for Eikon: [ID:]
Further company coverage: PLNG.NS
(([email protected];))
Petronet executive says looking for long-term LNG deals
QUITOL, India, Feb 8 (Reuters) - India's Petronet LNG PLNG.NS is looking for more long-term deals for liquefied natural gas (LNG), an executive said on Thursday.
(Reporting by Sethuraman NR and Nidhi Verma, writing by Seher Dareen)
(([email protected]; If in India call +91 74832 70128, if within U.S. call +1 646 223 8780;))
QUITOL, India, Feb 8 (Reuters) - India's Petronet LNG PLNG.NS is looking for more long-term deals for liquefied natural gas (LNG), an executive said on Thursday.
(Reporting by Sethuraman NR and Nidhi Verma, writing by Seher Dareen)
(([email protected]; If in India call +91 74832 70128, if within U.S. call +1 646 223 8780;))
Indian LNG imports to jump to 150 mln tons by 2030 -Petronet LNG exec
QUITOL, India, Feb 7 (Reuters) - India's imports of liquefied natural gas are expected to jump to 150 million metric tons per year (tpy) by 2030 from 22 million metric tpy currently, Akshay Kumar Singh, chief executive of Petronet LNG, said on Wednesday.
He said India's consumption of natural gas stands at 150 million standard cubic metres per day (mmscmd), of which 45% of is imported.
(Reporting by Sudarshan Varadhan, writing by Emily Chow; editing by Jason Neely)
(([email protected]; Reuters Messaging: [email protected]))
QUITOL, India, Feb 7 (Reuters) - India's imports of liquefied natural gas are expected to jump to 150 million metric tons per year (tpy) by 2030 from 22 million metric tpy currently, Akshay Kumar Singh, chief executive of Petronet LNG, said on Wednesday.
He said India's consumption of natural gas stands at 150 million standard cubic metres per day (mmscmd), of which 45% of is imported.
(Reporting by Sudarshan Varadhan, writing by Emily Chow; editing by Jason Neely)
(([email protected]; Reuters Messaging: [email protected]))
Qatar Energy Minister Says In Talks With Other Indian Companies For LNG Sales Deal
Feb 6 (Reuters) - QATAR ENERGY MINSTER AT INDIA ENERGY WEEK:
SAYS QATAR IN TALKS WITH OTHER INDIAN COMPANIES FOR LONG TERM LNG SALES DEAL
SAYS LNG SALES DEAL WITH PETRONET PLNG.NS IS LARGEST SO FAR
Further company coverage: PLNG.NS
(([email protected];;))
Feb 6 (Reuters) - QATAR ENERGY MINSTER AT INDIA ENERGY WEEK:
SAYS QATAR IN TALKS WITH OTHER INDIAN COMPANIES FOR LONG TERM LNG SALES DEAL
SAYS LNG SALES DEAL WITH PETRONET PLNG.NS IS LARGEST SO FAR
Further company coverage: PLNG.NS
(([email protected];;))
India offers to supply LNG to Sri Lankan power plants - Sri Lanka minister
NEW DELHI, Feb 1 (Reuters) - India has proposed to supply liquefied natural gas (LNG) to Sri Lanka to help the island nation produce power from its Yughadhanavi and Sobhadabavi power plants, Sri Lanka's Energy Minister said on Thursday.
"In the efforts to expedite the process to generate power from LNG the Government of India has proposed an interim solution from Petronet LNG PLNG.NS," Energy Minister Kanchana Wijesekera said in a post on social media platform X.
He said the interim solution was discussed with Sri Lankan government officials, the Indian High Commision, Ceylon Electricity Board (CEB) and Petronet LNG.
Petronet LNG is India's top gas importer.
(Reporting by Bansari Mayur Kamdar and Nidhi Verma in New Delhi; Editing by YP Rajesh)
(([email protected]; Follow on X: @BansariKamdar;))
NEW DELHI, Feb 1 (Reuters) - India has proposed to supply liquefied natural gas (LNG) to Sri Lanka to help the island nation produce power from its Yughadhanavi and Sobhadabavi power plants, Sri Lanka's Energy Minister said on Thursday.
"In the efforts to expedite the process to generate power from LNG the Government of India has proposed an interim solution from Petronet LNG PLNG.NS," Energy Minister Kanchana Wijesekera said in a post on social media platform X.
He said the interim solution was discussed with Sri Lankan government officials, the Indian High Commision, Ceylon Electricity Board (CEB) and Petronet LNG.
Petronet LNG is India's top gas importer.
(Reporting by Bansari Mayur Kamdar and Nidhi Verma in New Delhi; Editing by YP Rajesh)
(([email protected]; Follow on X: @BansariKamdar;))
India's Petronet jumps after confirming Qatar LNG supply talks, results
** Shares of Petronet LNG Ltd PLNG.NS rise as much as 8.2% to a record 284.55 rupees after confirming it is in talks with Qatar for long-term LNG deal
** Stock currently up 3.3% at 256.6 rupees
** LNG importer's Q3 profit rose 45% q/q but was flat y/y, rev up 18% q/q
** Co's shares jumped last week after Reuters' exclusive report on deal talks
** Around 29.5 mln shares traded, 4.6x the 30-day avg volume
** Thirty analysts covering stock rate it "hold" on avg; with three analysts downgrading their rating after results - LSEG data
** Stock up more than 22% in January, set for best monthly rise since July 2011
(Reporting by Nandan Mandayam in Bengaluru)
(([email protected]; Mobile: +91 9591011727;))
** Shares of Petronet LNG Ltd PLNG.NS rise as much as 8.2% to a record 284.55 rupees after confirming it is in talks with Qatar for long-term LNG deal
** Stock currently up 3.3% at 256.6 rupees
** LNG importer's Q3 profit rose 45% q/q but was flat y/y, rev up 18% q/q
** Co's shares jumped last week after Reuters' exclusive report on deal talks
** Around 29.5 mln shares traded, 4.6x the 30-day avg volume
** Thirty analysts covering stock rate it "hold" on avg; with three analysts downgrading their rating after results - LSEG data
** Stock up more than 22% in January, set for best monthly rise since July 2011
(Reporting by Nandan Mandayam in Bengaluru)
(([email protected]; Mobile: +91 9591011727;))
India's Petronet LNG jumps after report of long-term LNG deal with Qatar
** Shares of Petronet LNG Ltd PLNG.NS up 5.1% at 259.35 rupees
** Qatar Energy could sign deal with Indian buyers, including state-run PLNG for cheaper long-term LNG supply by at least Jan-end, Reuters reported on Friday citing sources
** Deal also allows Indian buyers to decide which terminal in India will receive cargoes, thereby reducing pipeline transportation costs
** Stock jumped as much as 7.9% earlier in the session to its highest since Sept 2019, when it hit record high after deal with U.S.-based Tellurian for LNG purchases
** Stock rose 1.3% on Saturday; trading was closed on Monday
** Over 22.7 mln shares traded vs 30-day avg of ~4.9 mln shares
** Thirty analysts covering PLNG rate it "hold" on avg; median PT is 230 rupees - LSEG data
(Reporting by Nandan Mandayam in Bengaluru)
(([email protected]; Mobile: +91 9591011727;))
** Shares of Petronet LNG Ltd PLNG.NS up 5.1% at 259.35 rupees
** Qatar Energy could sign deal with Indian buyers, including state-run PLNG for cheaper long-term LNG supply by at least Jan-end, Reuters reported on Friday citing sources
** Deal also allows Indian buyers to decide which terminal in India will receive cargoes, thereby reducing pipeline transportation costs
** Stock jumped as much as 7.9% earlier in the session to its highest since Sept 2019, when it hit record high after deal with U.S.-based Tellurian for LNG purchases
** Stock rose 1.3% on Saturday; trading was closed on Monday
** Over 22.7 mln shares traded vs 30-day avg of ~4.9 mln shares
** Thirty analysts covering PLNG rate it "hold" on avg; median PT is 230 rupees - LSEG data
(Reporting by Nandan Mandayam in Bengaluru)
(([email protected]; Mobile: +91 9591011727;))
Events:
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Bonus
Dividend
Dividend
Dividend
More Mid Cap Ideas
See similar 'Mid' cap companies with recent activity
Promoter Buying
Companies where the promoters are bullish
Capex
Companies investing on expansion
Superstar Investor
Companies where well known investors have invested
Popular questions
-
Business
-
Financials
-
Share Price
-
Shareholdings
What does Petronet LNG do?
Petronet LNG is engaged in import, storage and regasification of Liquefied Natural Gas (LNG). Its customers primarily consist of corporates such as Oil and Gas Entities, Gas Aggregators, Petrochemical Entities, Refineries, City Gas Distribution Entities, Fertilizer and Power Generating Entities and Other Industrial Entities.
Who are the competitors of Petronet LNG?
Petronet LNG major competitors are Guj. State Petronet, Confidence Petroleum, GAIL India, ONGC, Indraprastha Gas, Gujarat Gas, Adani Total Gas. Market Cap of Petronet LNG is ₹41,528 Crs. While the median market cap of its peers are ₹29,638 Crs.
Is Petronet LNG financially stable compared to its competitors?
Petronet LNG seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Petronet LNG pay decent dividends?
The company seems to pay a good stable dividend. Petronet LNG latest dividend payout ratio is 37.76% and 3yr average dividend payout ratio is 41.31%
How has Petronet LNG allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Cash & Short Term Investments, Capital Work in Progress, Inventory, Accounts Receivable, Short Term Loans & Advances
How strong is Petronet LNG balance sheet?
Balance sheet of Petronet LNG is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Petronet LNG improving?
The profit is oscillating. The profit of Petronet LNG is ₹3,608 Crs for TTM, ₹3,973 Crs for Mar 2025 and ₹3,652 Crs for Mar 2024.
Is the debt of Petronet LNG increasing or decreasing?
The net debt of Petronet LNG is decreasing. Latest net debt of Petronet LNG is -₹17,728.65 Crs as of Mar-25. This is less than Mar-24 when it was -₹14,416.72 Crs.
Is Petronet LNG stock expensive?
Yes, Petronet LNG is expensive. Latest PE of Petronet LNG is 11.2, while 3 year average PE is 10.97. Also latest EV/EBITDA of Petronet LNG is 6.43 while 3yr average is 6.16.
Has the share price of Petronet LNG grown faster than its competition?
Petronet LNG has given lower returns compared to its competitors. Petronet LNG has grown at ~0.93% over the last 6yrs while peers have grown at a median rate of 9.56%
Is the promoter bullish about Petronet LNG?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Petronet LNG is 50.0% and last quarter promoter holding is 50.0%.
Are mutual funds buying/selling Petronet LNG?
The mutual fund holding of Petronet LNG is increasing. The current mutual fund holding in Petronet LNG is 11.0% while previous quarter holding is 10.23%.