Petronet LNG trades higher on the bourses

Petronet LNG is currently trading at Rs. 141.90, up by 1.80 points or 1.28% from its previous closing of Rs. 140.10 on the BSE. The scrip opened at Rs. 140.95 and has touched a high and low of Rs. 143.60 and Rs. 140.90 respectively. So far 36874 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 148.15 on 16-Apr-2014 and a 52 week low of Rs. 102.50 on 28-Jan-2014. Last one week high and low of the scrip stood at Rs. 148.15 and Rs. 135.00 respectively. The current market cap of the company is Rs. 10653.75 crore. The promoters holding in the company stood at 50.00% while Institutions and Non-Institutions held 24.27% and 25.73% respectively. In a bid to make Kochi an economically viable proposition, Petronet LNG has invited bids to lease out under-utilised storage tanks at its recently commissioned LNG import facility at Kochi in Kerala for two years. The company operates the 5 million tonne-a-year Kochi terminal at a sub-optimal 5 per cent of capacity because of a delay in laying of pipelines connecting the port to consumption centres in Karnataka and Tamil Nadu. Petronet LNG is one of the leading players in oil and natural gas industry space. It has India’s first and largest LNG supply terminal located at Dahej.