Petronet LNG is currently trading at Rs. 120.35, up by 2.35 points or 2.00% from its previous closing of Rs. 117.65 on the BSE.
The scrip opened at Rs. 117.40 and has touched a high and low of Rs. 120.35 and Rs. 116.50 respectively. So far 53,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 168.80 on 10-Jan-2013 and a 52 week low of Rs. 106.10 on 31-Jul-2013.
Last one week high and low of the scrip stood at Rs. 133.00 and Rs. 117.10 respectively. The current market cap of the company is Rs. 8,996 crore.
The promoters holding in the company stood at 50.00% while Institutions and Non-Institutions held 22.96% and 27.04% respectively. Petronet LNG is planning to increase the capacity of its terminal in Gujarat to help reduce the unmet energy demand in the country, which has been one of the major constraints for efficient economic growth. In this regard, the company will take loan of $150 million from the Asian Development Bank (ADB).
The expanded terminal will help India to move toward its target of greater natural gas use, thereby enhancing its energy security and shifting to cleaner forms of energy.
The project, which will increase the supply of natural gas to 15 million metric tons per annum (mmtpa) from the current 10 mmtpa, will help meet demand for compressed natural gas for transportation, piped gas to households, fuel for gas power plants, and feedstock for fertilizer plants, mostly in north and west India.
The scrip opened at Rs. 117.40 and has touched a high and low of Rs. 120.35 and Rs. 116.50 respectively. So far 53,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 168.80 on 10-Jan-2013 and a 52 week low of Rs. 106.10 on 31-Jul-2013.
Last one week high and low of the scrip stood at Rs. 133.00 and Rs. 117.10 respectively. The current market cap of the company is Rs. 8,996 crore.
The promoters holding in the company stood at 50.00% while Institutions and Non-Institutions held 22.96% and 27.04% respectively. Petronet LNG is planning to increase the capacity of its terminal in Gujarat to help reduce the unmet energy demand in the country, which has been one of the major constraints for efficient economic growth. In this regard, the company will take loan of $150 million from the Asian Development Bank (ADB).
The expanded terminal will help India to move toward its target of greater natural gas use, thereby enhancing its energy security and shifting to cleaner forms of energy.
The project, which will increase the supply of natural gas to 15 million metric tons per annum (mmtpa) from the current 10 mmtpa, will help meet demand for compressed natural gas for transportation, piped gas to households, fuel for gas power plants, and feedstock for fertilizer plants, mostly in north and west India.
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