Petronet LNG: Play on steady volumes & profit growth

Healthy demand drives growth; expansions, better capacity utilisation of Kochi unit to boost profit

Many triggers seem to be falling in place for Petronet LNG, which currently handles the largest imports of liquefied natural gas (LNG) in India and re-gasification of LNG through its existing Dahej and Kochi terminals. Recent news flow has also been positive. While the company is planning to build an LNG import terminal in Sri Lanka in collaboration with Japanese and Lankan companies, is also planning  another terminal at Gangavaram in Andhra Pradesh, which will boost volumes in the long run. It is, thus, not surprising that its share price has also been gaining recently, with the stock among top