Petronet operates a 17.5 million tonnes a year LNG import facility at Dahej in Gujarat and another 5 million tonnes facility at Kochi in Kerala
Petronet plans to make foray into the petrochemical business by investing Rs 12,500 crore in a Propane Dehydrogenation Plant that will convert imported feedstock into propylene
ABB, Amara Raja, Bharat Forge, Cummins, Hero MotoCorp, Hindalco, Hindustan Motors, HP Adhesives, IRB Infra, M&M, Novartis, Sun Tv, Tata Chemicals and Zomato of announce results on Thursday.
The technical analyst from Religare Broking recommends to buy and accumulate these stocks in the mentioned range
Natural Gas related stocks were in focus on the back of CNG and piped gas price hike in several northern India cities
The likes of Adani Total Gas, GAIL India, Petronet LNG, Indraprastha Gas, Gujarat Gas can witness 6-15 per cent upside as per the daily and weekly chart patterns
Petronet LNG Ltd plans to set up a petrochemical complex at Dahej in Gujarat as it looks to make a foray into high margin business to hedge gas trading risks, Oil Secretary Tarun Kapoor said
Petronet has a deal to buy 7.5 million tonnes per year (mtpa) of LNG from Qatar under a long-term deal expiring in 2028.
The company is betting on plateauing domestic production and possible LNG demand from tyhe transport segment
BPCL said no decision has yet been taken to sell its stake in Petronet LNG and Indraprastha Gas to help the company's owner avoid making an open offer for the two gas companies
A clear breakdown on price action and chart patterns may lead to slide in these stocks
Under the terms of the old agreement, the two were to finalise an investment deal by December 2020. This was after an earlier extension of the agreement which had lapsed in March 2020
The company reported an 11.6 per cent year-on-year decline in consolidated revenue from operations at Rs 7,575 crore in Q4FY21
Here are trading strategies for the ones that may make it to the list, and the ones likely to get demoted.
Hindpetro has witnessed a strong rebound after forming a base above the support zone of moving averages ribbon on multiple time frames
In the last couple of sessions, Petronet's stock prices witnessed a good traction and, importantly, it's backed by the more than average daily volumes
The company is India's largest LNG importer and is aiming for more long-term deals in the next 10 to 15 years, says it CEO
The rise in profit is despite consolidated total income declining to Rs 7427.90 crore during the period under review from Rs 8994.39 crore in the comparable period
GAIL's Kochi-Mangaluru pipeline commissioned; Boost for Petronet LNG's Kochi terminal
The deal would have to be renegotiated given the current market prices or shelved, according to government sources