PETRONET
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India's Petronet LNG sees 2026 imports at 28 mln-29 mln tons
SOUTH GOA, India, Jan 28 (Reuters) - India's top gas importer Petronet LNG PLNG.NS sees the country's liquefied natural gas (LNG) imports rising to 28 million to 29 million metric tons in 2026 compared to about 25.5 million tons in 2025, Managing Director Akshay Kumar Singh told reporters at the Indian Energy Week conference on Wednesday.
India is the world's fourth-largest LNG importer.
(Reporting by Nidhi Verma; Writing by Emily Chow; Editing by Tom Hogue)
(([email protected]; Reuters Messaging: [email protected]))
SOUTH GOA, India, Jan 28 (Reuters) - India's top gas importer Petronet LNG PLNG.NS sees the country's liquefied natural gas (LNG) imports rising to 28 million to 29 million metric tons in 2026 compared to about 25.5 million tons in 2025, Managing Director Akshay Kumar Singh told reporters at the Indian Energy Week conference on Wednesday.
India is the world's fourth-largest LNG importer.
(Reporting by Nidhi Verma; Writing by Emily Chow; Editing by Tom Hogue)
(([email protected]; Reuters Messaging: [email protected]))
India's Petronet LNG rises after J.P. Morgan upgrades rating on earnings outlook
** Shares of Petronet LNG Ltd PLNG.NS rise 4.1% to 294.8 rupees
** J.P. Morgan upgrades PLNG to "overweight" from "neutral"; hikes PT to 335 rupees from 295 rupees
** Brokerage sees earnings momentum improving from FY27 on Dahej expansion, 5% annual tariff hike and lower impairment costs
** Says potential renegotiation of Dahej tariffs and 200-billion-rupee ($2.22 billion) Propane Dehydrogenation capex remain long-term valuation risks but are unlikely to materialise before 2028
** Improved near-term earnings should help the stock, JP Morgan says
** Average rating by 32 analysts on the stock is 'hold'; median PT is 313 rupees - data compiled by LSEG
** Stock fell nearly 18% in 2025
($1 = 89.9840 Indian rupees)
(Reporting by Brijesh Patel in Bengaluru)
(([email protected]; Ph no. +91 9590227221;))
** Shares of Petronet LNG Ltd PLNG.NS rise 4.1% to 294.8 rupees
** J.P. Morgan upgrades PLNG to "overweight" from "neutral"; hikes PT to 335 rupees from 295 rupees
** Brokerage sees earnings momentum improving from FY27 on Dahej expansion, 5% annual tariff hike and lower impairment costs
** Says potential renegotiation of Dahej tariffs and 200-billion-rupee ($2.22 billion) Propane Dehydrogenation capex remain long-term valuation risks but are unlikely to materialise before 2028
** Improved near-term earnings should help the stock, JP Morgan says
** Average rating by 32 analysts on the stock is 'hold'; median PT is 313 rupees - data compiled by LSEG
** Stock fell nearly 18% in 2025
($1 = 89.9840 Indian rupees)
(Reporting by Brijesh Patel in Bengaluru)
(([email protected]; Ph no. +91 9590227221;))
Petronet LNG Says Pankaj Jain Ceased To Be Chairman
Jan 2 (Reuters) - Petronet LNG Ltd PLNG.NS:
PANKAJ JAIN CEASED TO BE CHAIRMAN
Source text: ID:nNSEc3k0Sg
Further company coverage: PLNG.NS
(([email protected];))
Jan 2 (Reuters) - Petronet LNG Ltd PLNG.NS:
PANKAJ JAIN CEASED TO BE CHAIRMAN
Source text: ID:nNSEc3k0Sg
Further company coverage: PLNG.NS
(([email protected];))
India's Petronet LNG rises after inking deal with ONGC
** Shares of Petronet LNG Ltd PLNG.NS rise 3.3% to 277.70 rupees
** Co enters into 15-years ethane unloading, storage and handling services deal with Oil and Natural Gas Corp ONGC.NS, with revenue potential of about 50 billion rupees ($553.3 million)
** Nomura ("buy," PT: 360 rupees) sees this announcement as a positive development and expects that the remaining 50% capacity may also be booked before the ethane USH facility comes online
** Brokerage estimates first-year EBITDA on 1.4 billion rupees, adding that 15th year EBITDA can hit 2.75 billion rupees without taking any margin improvement
** Mean rating of stock is 'hold'; median PT is 316 rupees - data compiled by LSEG
($1 = 90.3700 Indian rupees)
(Reporting by Brijesh Patel in Bengaluru)
(([email protected]; Ph no. +91 9590227221;))
** Shares of Petronet LNG Ltd PLNG.NS rise 3.3% to 277.70 rupees
** Co enters into 15-years ethane unloading, storage and handling services deal with Oil and Natural Gas Corp ONGC.NS, with revenue potential of about 50 billion rupees ($553.3 million)
** Nomura ("buy," PT: 360 rupees) sees this announcement as a positive development and expects that the remaining 50% capacity may also be booked before the ethane USH facility comes online
** Brokerage estimates first-year EBITDA on 1.4 billion rupees, adding that 15th year EBITDA can hit 2.75 billion rupees without taking any margin improvement
** Mean rating of stock is 'hold'; median PT is 316 rupees - data compiled by LSEG
($1 = 90.3700 Indian rupees)
(Reporting by Brijesh Patel in Bengaluru)
(([email protected]; Ph no. +91 9590227221;))
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 Approves Investment For 5 MMTPA Terminal At Gopalpur
July 25 (Reuters) - Petronet LNG Ltd PLNG.NS:
PETRONET LNG LTD - APPROVES INVESTMENT FOR 5 MMTPA TERMINAL AT GOPALPUR
PETRONET LNG LTD - PROJECT COST 40.49 BILLION RUPEES
PETRONET LNG LTD - OVERALL APPROVED VALUE OF PROJECT 63.54 BILLION RUPEES
Source text: ID:nBSEnjyCH
Further company coverage: PLNG.NS
(([email protected];;))
July 25 (Reuters) - Petronet LNG Ltd PLNG.NS:
PETRONET LNG LTD - APPROVES INVESTMENT FOR 5 MMTPA TERMINAL AT GOPALPUR
PETRONET LNG LTD - PROJECT COST 40.49 BILLION RUPEES
PETRONET LNG LTD - OVERALL APPROVED VALUE OF PROJECT 63.54 BILLION RUPEES
Source text: ID:nBSEnjyCH
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)
India's LNG imports to rise on higher demand from power cos, says Petronet
By Nidhi Verma
NEW DELHI, May 19 (Reuters) - India's liquefied natural gas imports are expected to rise in the coming months to meet growing electricity demand in the country, said A. K. Singh, chief executive of the country's top gas importer Petronet LNG PLNG.NS.
India last week invoked emergency measures asking companies to operate underutilised gas-based power plants at higher capacity from May 26-June 30 to meet electricity demand in the country, a notice posted on the ministry's website shows.
India's power demand has been subdued so far this month as rains tempered temperatures in the country.
"We expect LNG demand to rise similar to last year's levels. Demand for power is rising in last few days so we are expecting demand for LNG to rise in the third or fourth week of May and in June," he said.
Power plants running on gas have been more expensive than those operating on coal, solar and wind power, resulting in idling of about three-fifth of all gas-fired power stations in the country.
The narrowing price gap between spot and long-term LNG prices is also pushing some companies to step up purchases, he said, adding Indian customers prefer LNG prices at below $10 per million British thermal units.
Petronet hopes to complete expansion of its 17.5 million tons per year (tpy) Dahaj terminal to 22.5 million tpy in the next three to four months, he said, adding his firm would maximise the utilisation of the terminal to meet demand in the summer season.
(Reporting by Nidhi Verma; Editing by Toby Chopra)
(([email protected]; +91 11 49548031; Reuters Messaging: [email protected]))
By Nidhi Verma
NEW DELHI, May 19 (Reuters) - India's liquefied natural gas imports are expected to rise in the coming months to meet growing electricity demand in the country, said A. K. Singh, chief executive of the country's top gas importer Petronet LNG PLNG.NS.
India last week invoked emergency measures asking companies to operate underutilised gas-based power plants at higher capacity from May 26-June 30 to meet electricity demand in the country, a notice posted on the ministry's website shows.
India's power demand has been subdued so far this month as rains tempered temperatures in the country.
"We expect LNG demand to rise similar to last year's levels. Demand for power is rising in last few days so we are expecting demand for LNG to rise in the third or fourth week of May and in June," he said.
Power plants running on gas have been more expensive than those operating on coal, solar and wind power, resulting in idling of about three-fifth of all gas-fired power stations in the country.
The narrowing price gap between spot and long-term LNG prices is also pushing some companies to step up purchases, he said, adding Indian customers prefer LNG prices at below $10 per million British thermal units.
Petronet hopes to complete expansion of its 17.5 million tons per year (tpy) Dahaj terminal to 22.5 million tpy in the next three to four months, he said, adding his firm would maximise the utilisation of the terminal to meet demand in the summer season.
(Reporting by Nidhi Verma; Editing by Toby Chopra)
(([email protected]; +91 11 49548031; Reuters Messaging: [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 Appoints Saurav Mitra As CFO
April 16 (Reuters) - Petronet LNG Ltd PLNG.NS:
APPOINTS SAURAV MITRA AS CFO
Source text: ID:nBSEbgT4L9
Further company coverage: PLNG.NS
(([email protected];;))
April 16 (Reuters) - Petronet LNG Ltd PLNG.NS:
APPOINTS SAURAV MITRA AS CFO
Source text: ID:nBSEbgT4L9
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)
India's Petronet plans to trade LNG via Singapore unit
By Nidhi Verma
NEW DELHI, Feb 13 (Reuters) - India's top gas importer Petronet LNG PLNG.NS plans to trade liquefied natural gas (LNG) through its Singapore-based unit, CEO A K Singh said on Thursday.
The company will not trade LNG cargoes procured under long-term deals, he said in a press conference at the India Energy Week.
"Right now, we are managing (LNG purchases) from here. At an opportune time, we will start the (trading) operations," Singh said.
He said India's gas demand is set to rise three-and-a-half times to meet the country's goal of having a 15% share of LNG in the energy mix from 6.2% currently.
Separately, Petronet's head of finance, Vinod Kumar Mishra, said the firm has mandated SBI Caps to arrange 140 billion rupees ($1.61 billion) of debt for its new petrochemical project that costs 200 billion rupees.
($1 = 86.8600 Indian rupees)
(Reporting by Nidhi Verma in Bengaluru; Editing by Sonia Cheema)
(([email protected];))
By Nidhi Verma
NEW DELHI, Feb 13 (Reuters) - India's top gas importer Petronet LNG PLNG.NS plans to trade liquefied natural gas (LNG) through its Singapore-based unit, CEO A K Singh said on Thursday.
The company will not trade LNG cargoes procured under long-term deals, he said in a press conference at the India Energy Week.
"Right now, we are managing (LNG purchases) from here. At an opportune time, we will start the (trading) operations," Singh said.
He said India's gas demand is set to rise three-and-a-half times to meet the country's goal of having a 15% share of LNG in the energy mix from 6.2% currently.
Separately, Petronet's head of finance, Vinod Kumar Mishra, said the firm has mandated SBI Caps to arrange 140 billion rupees ($1.61 billion) of debt for its new petrochemical project that costs 200 billion rupees.
($1 = 86.8600 Indian rupees)
(Reporting by Nidhi Verma in Bengaluru; Editing by Sonia Cheema)
(([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 Q3 Consol PAT 8.67 Bln Rupees
Jan 27 (Reuters) - Petronet LNG Ltd PLNG.NS:
Q3 CONSOL PAT 8.67 BILLION RUPEES
Q3 CONSOL REVENUE FROM OPERATIONS 122.27 BILLION RUPEES
Source text: [ID:]
Further company coverage: PLNG.NS
(([email protected];;))
Jan 27 (Reuters) - Petronet LNG Ltd PLNG.NS:
Q3 CONSOL PAT 8.67 BILLION RUPEES
Q3 CONSOL REVENUE FROM OPERATIONS 122.27 BILLION RUPEES
Source text: [ID:]
Further company coverage: PLNG.NS
(([email protected];;))
India's Petronet LNG falls to 6-mth low after Citi flags regulatory risk
** India's top LNG importer Petronet LNG PLNG.NS falls 6.2% to 362.75 rupees, biggest pct fall since June 2024
** PLNG top pct loser in mid-cap 100 index .NIFMDCP100, which is up 0.1%
** Citi flags tariff risk for PLNG after Petroleum and Natural Gas Regulatory Board (PNGRB) called to bring regasification - conversion of liquefied natural gas into gas - under regulatory framework
** PNGRB has said despite expansion of LNG terminals in India, gas tariffs have not come down, while PLNG has raised tariffs 5% annually
** Brokerage says PLNG cannot raise tariffs arbitrarily for LNG import terminals if regasification is regulated, retains "sell" call
** With new LNG capacities coming up, there is uncertainty on sustainability of PLNG's strong pricing power - Citi
** PLNG rose ~55% in 2024, logging its best annual gains since 2014
(Reporting by Sethuraman NR, Yagnoseni Das in Bengaluru)
(([email protected];))
** India's top LNG importer Petronet LNG PLNG.NS falls 6.2% to 362.75 rupees, biggest pct fall since June 2024
** PLNG top pct loser in mid-cap 100 index .NIFMDCP100, which is up 0.1%
** Citi flags tariff risk for PLNG after Petroleum and Natural Gas Regulatory Board (PNGRB) called to bring regasification - conversion of liquefied natural gas into gas - under regulatory framework
** PNGRB has said despite expansion of LNG terminals in India, gas tariffs have not come down, while PLNG has raised tariffs 5% annually
** Brokerage says PLNG cannot raise tariffs arbitrarily for LNG import terminals if regasification is regulated, retains "sell" call
** With new LNG capacities coming up, there is uncertainty on sustainability of PLNG's strong pricing power - Citi
** PLNG rose ~55% in 2024, logging its best annual gains since 2014
(Reporting by Sethuraman NR, Yagnoseni Das in Bengaluru)
(([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;))
Petronet LNG Signs MoU With LTL Holdings Of Sri Lanka
Aug 20 (Reuters) - Petronet LNG Ltd PLNG.NS:
PETRONET LNG LTD - SIGNING OF AN MOU WITH LTL HOLDINGS LIMITED (LTL) OF SRI LANKA
PETRONET LNG LTD - MOU FOR SUPPLY OF LNG TO LTL'S DUAL FUELLED POWER PLANT IN COLOMBO
PETRONET LNG LTD - INITIAL TERM OF LNG SUPPLY WOULD BE 5 YEARS
Source text for Eikon: ID:nBSE7rbgfw
Further company coverage: PLNG.NS
(([email protected];))
Aug 20 (Reuters) - Petronet LNG Ltd PLNG.NS:
PETRONET LNG LTD - SIGNING OF AN MOU WITH LTL HOLDINGS LIMITED (LTL) OF SRI LANKA
PETRONET LNG LTD - MOU FOR SUPPLY OF LNG TO LTL'S DUAL FUELLED POWER PLANT IN COLOMBO
PETRONET LNG LTD - INITIAL TERM OF LNG SUPPLY WOULD BE 5 YEARS
Source text for Eikon: ID:nBSE7rbgfw
Further company coverage: PLNG.NS
(([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]))
India's Petronet LNG Says 'Seriously Engaged' With Sri Lanka Authorities For Export Of LNG From Kochi Terminal
July 24 (Reuters) - Petronet LNG Ltd PLNG.NS:
INDIA'S PETRONET LNG EXEC: SEEKING EXTRA LAND FROM STATE GOVERNMENT FOR LAND BASED LNG TERMINAL AT GOPALPUR IN EAST COAST
PETRONET LNG EXEC: 'SERIOUSLY ENGAGED' WITH SRI LANKA AUTHORITIES FOR EXPORT OF LNG FROM KOCHI TERMINAL
PETRONET LNG EXEC: AIMS TO EXPAND CAPACITY OF 17.5 MTPA DAHEJ LNG TERMINAL TO 22.5 MTPA IN A YEAR'S TIME
PETRONET LNG EXEC: LOOKING TO TIE UP MID-TERM, LONG TERM LNG IMPORT DEALS
PETRONET LNG EXEC: SEES SEPT-QUARTER SPOT LNG PRICES SIMILAR TO CURRENT PRICES OF $11.5-$12 PER MMBTU
Further company coverage: PLNG.NS
(([email protected];))
July 24 (Reuters) - Petronet LNG Ltd PLNG.NS:
INDIA'S PETRONET LNG EXEC: SEEKING EXTRA LAND FROM STATE GOVERNMENT FOR LAND BASED LNG TERMINAL AT GOPALPUR IN EAST COAST
PETRONET LNG EXEC: 'SERIOUSLY ENGAGED' WITH SRI LANKA AUTHORITIES FOR EXPORT OF LNG FROM KOCHI TERMINAL
PETRONET LNG EXEC: AIMS TO EXPAND CAPACITY OF 17.5 MTPA DAHEJ LNG TERMINAL TO 22.5 MTPA IN A YEAR'S TIME
PETRONET LNG EXEC: LOOKING TO TIE UP MID-TERM, LONG TERM LNG IMPORT DEALS
PETRONET LNG EXEC: SEES SEPT-QUARTER SPOT LNG PRICES SIMILAR TO CURRENT PRICES OF $11.5-$12 PER MMBTU
Further company coverage: PLNG.NS
(([email protected];))
Petronet LNG Exec: In Discussion With Sri Lankan Authorities For Finalising Quantity For Supply
May 22 (Reuters) - Petronet LNG Ltd PLNG.NS:
PETRONET LNG EXEC: IN ACTIVE DISCUSSION WITH SRI LANKAN AUTHORITIES FOR FINALISING QUANTITY AND TIMELINESS FOR SUPPLY OF LNG
PETRONET LNG EXEC: LNG DEMAND IS COMING FROM POWER SECTOR
PETRONET LNG EXEC: DAHEJ PLANT IS OPERATING AT FULL CAPACITY
PETRONET LNG EXEC: EXPECT HIGHER GAS DEMAND FROM POWER SECTOR TO CONTINUE FOR COUPLE OF MONTHS
PETRONET LNG EXEC: AT PRESENT LONG TERM LNG PRICES AND SPOT PRICES ARE SIMILAR AT NEARLY $11/MBTU
PETRONET LNG EXEC: SOME SPIKE IN SPOT PRICES SEEN IN RECENT TIMES
PETRONET LNG EXEC: LNG PRICES AFFECTED BY GEOPOLITICAL FACTORS AND EUROPE CONSUMPTION
PETRONET LNG EXEC: EXPECT LNG VOLUME GROWTH TO COME FROM ASIAN NATIONS LIKE CHINA AND INDIA
PETRONET LNG EXEC: EXPECT LNG PRICES TO RANGE BETWEEN $12-15/MMBTU TILL WINTER
PETRONET LNG EXEC: DAHEJ LNG TERMINAL TO BE EXPANDED TO 22.5 MTPA CAPACITY BY MARCH 2025
PETRONET LNG EXEC: AIMS TO SET UP LNG TERMINAL IN EASTERN INDIA IN 3 YRS
(([email protected];))
May 22 (Reuters) - Petronet LNG Ltd PLNG.NS:
PETRONET LNG EXEC: IN ACTIVE DISCUSSION WITH SRI LANKAN AUTHORITIES FOR FINALISING QUANTITY AND TIMELINESS FOR SUPPLY OF LNG
PETRONET LNG EXEC: LNG DEMAND IS COMING FROM POWER SECTOR
PETRONET LNG EXEC: DAHEJ PLANT IS OPERATING AT FULL CAPACITY
PETRONET LNG EXEC: EXPECT HIGHER GAS DEMAND FROM POWER SECTOR TO CONTINUE FOR COUPLE OF MONTHS
PETRONET LNG EXEC: AT PRESENT LONG TERM LNG PRICES AND SPOT PRICES ARE SIMILAR AT NEARLY $11/MBTU
PETRONET LNG EXEC: SOME SPIKE IN SPOT PRICES SEEN IN RECENT TIMES
PETRONET LNG EXEC: LNG PRICES AFFECTED BY GEOPOLITICAL FACTORS AND EUROPE CONSUMPTION
PETRONET LNG EXEC: EXPECT LNG VOLUME GROWTH TO COME FROM ASIAN NATIONS LIKE CHINA AND INDIA
PETRONET LNG EXEC: EXPECT LNG PRICES TO RANGE BETWEEN $12-15/MMBTU TILL WINTER
PETRONET LNG EXEC: DAHEJ LNG TERMINAL TO BE EXPANDED TO 22.5 MTPA CAPACITY BY MARCH 2025
PETRONET LNG EXEC: AIMS TO SET UP LNG TERMINAL IN EASTERN INDIA IN 3 YRS
(([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]))
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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, Adani Total Gas, Gujarat Gas, Indraprastha Gas. Market Cap of Petronet LNG is ₹44,370 Crs. While the median market cap of its peers are ₹28,854 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 ₹3,560 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?
Yes, The net debt of Petronet LNG is increasing. Latest net debt of Petronet LNG is -₹11,376.89 Crs as of Sep-25. This is greater than Mar-25 when it was -₹17,728.65 Crs.
Is Petronet LNG stock expensive?
Yes, Petronet LNG is expensive. Latest PE of Petronet LNG is 12.09, while 3 year average PE is 10.94. Also latest EV/EBITDA of Petronet LNG is 6.55 while 3yr average is 6.14.
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 ~3.82% over the last 7yrs while peers have grown at a median rate of 8.17%
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 13.09% while previous quarter holding is 11.0%.