The announcement was made after market hours on Monday, 12 December 2011.
Meanwhile, the BSE Sensex was down 20.33 points, or 0.13%, to 15,850.02.
On BSE, 61,000 shares were traded in the counter as against an average daily volume of 3.41 lakh shares in the past one quarter.
The stock hit a high of Rs 155.95 and a low of Rs 152.20 so far during the day. The stock had hit a record high of Rs 185.85 on 24 August 2011. The stock had hit a 52-week low of Rs 105.10 on 24 February 2011.
The stock had underperformed the market over the past one month until 12 December 2011, sliding 8.72% compared with the Sensex's 7.69% decline. The scrip had also underperformed the market in past one quarter, falling 13.80% as against 3.83% fall in the Sensex.
The large-cap company engaged in regasification of liquefied natural gas (LNG) has an equity capital of Rs 750 crore. Face value per share is Rs 10.
Petronet LNG's net profit surged 98.5% to Rs 260.33 crore on 75.5% increase in net sales to Rs 5366.87 crore in Q2 September 2011 over Q2 September 2010.
Petronet LNG set up the country's first LNG receiving and regasification terminal at Dahej in Gujarat.
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