Angel Broking has upgraded its rating on Petronet LNG to buy rating with a target price of Rs 90 in its May 9, 2008 research report. "Dahej expansion to 12.5 mmtpa (current 6.5 mmtpa) is slated to come on stream July onwards in a phased manner. Expanded capacity will help Petronet process more Spot volumes till the 2.5mmtpa contracted supplies from Qatar commence October 2009 onwards. For the
Petronet LNG has announced its fourth quarter. The company's Q4 standalone net profit was up at Rs 120.04 crore versu Rs 106.03 crore, YoY. Its standalone net sales were up at Rs 1,752.65 crore from...
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Petronet LNG, one of the fastest growing companies in the Indian energy sector reported a steady rise in standalone net profit for the quarter ended March 2008. During the quarter, the profit of the company rose 13.21% to Rs 1,200.38 million compared with Rs 1,060.33 million in the same quarter last year. The company posted earnings of Rs 1.60 a share during the quarter, registering 13.48% growth over previous year period.Net sales for the quarter rose 13.89% to Rs 17,526.55 million, while total income for the quarter climbed 13.96% to Rs 17,705.46 million, when compared with the prior year period.During the quarter the company announced a decline in operating margin of 68 basis points to 12.26% on higher input cost.The board of directors of the company has recommended on Wednesday a divid
Petronet LNG net profit rose 13.21% to Rs 120.04 crore in Qtr end of Mar 2008 compared to Rs 106.03 crore in same QTR Prev Year 2007. Sales rose 13.90% to Rs 1752.66 crore in Qtr end of Mar 2008 compared to Rs 1538.83 crore in same QTR Prev Year 2007.
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Petronet LNG, the country’s largest LNG receiving and regasification company, has a terminal at Dahej and is working on setting up one at Kochi. It has also been considering expanding into power as part of a forward integration strategy and in an effort to effectively manage its inventory of gas.
The company has managed to post improved profit margins despite the fall in the sales for the third
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Petronet LNG Ltd, India's largest liquefied natural gas importer, plans to invest about 150 million dollars to build a second jetty at its Dahej LNG import terminal in Gujarat.
"The company's existing 11.5 million tonnes a year jetty at Dahej can receive one LNG tanker every alternate day. But to avoid disruption due to outage or mishap, a second jetty is being considered," an industry source
