Petronet LNG made the announcement on Sunday, 6 January 2012.
Meanwhile, the BSE Sensex was down 7.92 points, or 0.04%, to 19,776.16.
On BSE, 88,000 shares were traded in the counter as against an average daily volume of 1.37 lakh shares in the past one quarter.
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The stock hit a high of Rs 166.80 and a low of Rs 163.50 so far during the day. The stock had hit a 52-week high of Rs 179.75 on 21 February 2012. The stock had hit a 52-week low of Rs 122.25 on 18 May 2012.
The stock had underperformed the market over the past one month till 4 January 2013, rising 0.77% compared with the Sensex's 2.25% rise. The scrip had also underperformed the market in past one quarter, gaining 0.90% as against Sensex's 3.81% rise.
The large-cap company has an equity capital of Rs 750 crore. Face value per share is Rs 10.
Petronet LNG (PLL) on Sunday, 6 January 2013, said GSPC has booked a capacity of 2.25 million metric tonnes per annum (MMTPA) on a long term and firm basis in the Dahej terminal of PLL. Relevant agreements to this effect with a 20 year term were signed by Dr. A. K. Balyan, CEO and MD, Petronet LNG and Mr. Tapan Ray, Managing Director, GSPC on 5 January 2013.
While a part of this capacity will be made available by PLL from its existing terminal after completion of second jetty which is currently under construction, another part will be from the expanded capacity, PLL said in a statement. PLL has embarked on an expansion of the re-gasification terminal at Dahej to increase this capacity from the present 10 MMTPA to 15 MMTPA. The expansion is expected to be completed by the first quarter of 2016, PLL said.
PLL and GSPC have also agreed on various other initiatives which include connecting the proposed Gangavaram Terminal of PLL with the Mallavaram-Bhilwara pipeline being built by a consortium led by GSPL, PLL said. PLL and GSPC have also agreed to co-operate in the area of supplying LNG through CNG route to cater to the demand of the transport sector in Gujarat, PLL said.
Petronet LNG's net profit rose 20.91% to Rs 314.79 crore on 41.03% rise in net sales to Rs 7487.89 crore in Q2 September 2012 over Q2 September 2011.
Petronet LNG was formed as a joint venture by the Government of India to import LNG and set up LNG terminals in the country. The company has set up the country's first LNG receiving and regasification terminal at Dahej, Gujarat, and is in the process of building another terminal at Kochi, Kerala. While the Dahej terminal has a nominal capacity of 10 MMTPA [equivalent to 40 MMSCMD of natural gas], the Kochi terminal will have a capacity of 5 MMTPA [equivalent to 20 MMSCMD of natural gas].
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