|Bid||210.20 x 0|
|Ask||0.00 x 0|
|Day's Range||203.00 - 220.30|
|52 Week Range||198.20 - 275.65|
|PE Ratio (TTM)||18.30|
|Forward Dividend & Yield||2.50 (1.05%)|
|1y Target Est||N/A|
MUMBAI/NEW DELHI, April 27 (Reuters) - India plans to split state-run gas utility GAIL by March next year to create two companies: one marketing gas, and another operating pipelines that can be used by consumers who buy direct from producers, the head of the sector's regulator told Reuters. GAIL (India) Ltd is the country's biggest gas marketing and trading firm and owns most of the nation's pipelines, giving it a stranglehold on the market for the fuel.
Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as Petronet LNG Limited (NSEI:PETRONET), with a market capitalization of ₹357.53B, rarely draw their attention from the investingRead More...
India's Petronet LNG Ltd wants to partner with ONGC Videsh Ltd (OVL), the overseas arm of India's biggest explorer Oil and Natural Gas Corp Ltd, to pick up a stake in an upcoming exploration and liquefied natural gas (LNG) project in Qatar, a company official said. The project would be Petronet's maiden venture into the natural gas exploration and production business and overseas LNG terminals. "We will be signing a non-confidentiality agreement with QatarGas in the next one week or so, and then evaluate the project," Prabhat Singh, managing director and chief executive officer of Petronet told Reuters at the International Energy Forum on Wednesday.
Petronet LNG Limited (NSEI:PETRONET) is trading with a trailing P/E of 20.7x, which is higher than the industry average of 20.3x. While this makes PETRONET appear like a stock toRead More...
When Petronet LNG Limited (NSEI:PETRONET) announced its most recent earnings (31 March 2017), I compared it against two factor: its historical earnings track record, and the performance of its industryRead More...
Stocks with market capitalization between $2B and $10B, such as Petronet LNG Limited (NSEI:PETRONET) with a size of ₹378.30B, do not attract as much attention from the investing community asRead More...
* India's Petronet LNG signs revised 1.44 million tonnes a year long-term liquefied natural gas purchase deal with Australian unit of Exxon Mobil - Petronet statement * New agreement links Gorgon LNG pricing ...
NEW DELHI/MUMBAI (Reuters) - India's biggest gas importer Petronet LNG Ltd wants to build up its liquefied natural gas (LNG) regassification capacity in the east of the country where supply is limited, after focussing till now on the west, the CEO said on Thursday. India has four LNG terminals to import gas, but all of them are in the west. The Indian Oil Corp's Ennore terminal, the first on the east coast, will become operational next year.
Exxon Mobil's deal to cut the price of liquefied natural gas (LNG) supplied under long-term contract to an Indian buyer has largely been viewed as a bad outcome for producers of the super-chilled fuel. Certainly the trade made by Exxon to supply more LNG to Petronet LNG, but at a lower price, does seem to favour the Indian utility. Exxon will increase the volume supplied from its share of the Chevron-led Gorgon project in Western Australia by 1 million tonnes a year to about 2.5 million tonnes, but at a lower cost than originally agreed in 2009.
MELBOURNE/NEW DELHI, Sept 11 (Reuters) - India has won a price cut on a 20-year liquefied natural gas (LNG) deal with global giant ExxonMobil Corp in a rare contract renegotiation, a bad sign for producers in a heavily oversupplied global market. In a trade-off for ExxonMobil, India's Petronet LNG will increase its volumes from the Gorgon LNG project in Australia by an extra 1 million tonnes a year to about 2.5 million tonnes a year, but at cheaper rates than initially agreed in 2009.
India's Petronet LNG has agreed to buy an additional one million tonnes of liquefied natural gas (LNG) from ExxonMobil's share of the Gorgon project in Australia, two sources said on Monday, after the global giant eased the terms of a previous deal. Petronet will buy the LNG on delivered basis with a price equivalent to about 12.5 percent of Brent oil prices, the sources said. Indian Oil minister Dharmendra Pradhan said on Saturday that Petronet has been able to renegotiate a contract agreed in 2009 for around 1.5 million tonnes a year of LNG from ExxonMobil's share of the Gorgon LNG project in Australia.