Who is the owner of Petronet LNG?
Petronet LNG Ltd is an Indian oil and gas company formed by the government of India to import liquefied natural gas (LNG) and set up LNG terminals in the country….Petronet LNG.
| Type | Public Sector Undertaking |
|---|---|
| Founded | 1998 |
| Headquarters | New Delhi , India |
| Key people | Tarun Kapoor (Non-Executive Chairman) Akshay Kumar Singh, MD & CEO) |
Who are the customers of Petronet LNG?
The three off-takers, GAIL (India) Limited, Indian Oil Corporation Limited (IOCL) and Bharat Petroleum Corporation Limited (BPCL) have, in turn, signed the Gas Sales Agreements for the supply of Regasified-LNG with their respective consumers.
Is Petronet LNG debt free?
Company is virtually debt free. Company has a healthy Interest coverage ratio of 12.81.
What is the company of Petronet?
The GAIL (India) Ltd (GAIL) Oil & Natural Gas Corporation Ltd (ONGC) Indian Oil Corporation Ltd (IOCL) and Bharat Petroleum Corporation Ltd (BPCL) formed Petronet LNG Limited as a Joint Venture company. Petronet LNG was incorporated in 2nd April of the year 1998 to import LNG and set up LNG terminals in the country.
Can I buy Petronet LNG?
Buy Petronet LNG, target price Rs 230: Kotak Securities.
Is Petronet a private company?
“The Committee are of the view that Petronet is neither a private entity nor a government company but a joint venture,” the report said.
What is the target of Petronet LNG?
Petronet LNG Ltd., incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 33202.50 Crore) operating in Gas & Petroleum sector. Kotak Securities has buy call on Petronet LNG Ltd. with a target price of Rs 230. The current market price of Petronet LNG Ltd. is Rs 221.25.
Is Petronet LNG a good stock?
1. Is Petronet LNG Ltd a good quality company? Past 10 year’s financial track record analysis by Moneyworks4me indicates that Petronet LNG Ltd is a good quality company.
What is Gujarat State Petronet?
Gujarat State Petronet (GSPL) was incorporated in 1998, primarily developed to link various supply sources and users of natural gas in Gujarat through pipeline network. It is only company In India to transmit natural gas for its clients without trading in it.
Is Petronet LNG undervalued?
An Intrinsic Calculation For Petronet LNG Limited (NSE:PETRONET) Suggests It’s 46% Undervalued.
Is Gujarat State Petronet a government company?
Gujarat State Petroleum Corporation Ltd (GSPC) Group is a state government owned group of oil and gas exploration, production and distribution companies based in Gujarat, India….Gujarat State Petroleum Corporation.
| Type | State Government Agency |
|---|---|
| Net income | -₹804 crore (US$ -123 million) (2016) |
| Owner | Government of Gujarat (95%) |
Is Gspl a govt company?
GSPL, a Govt of Gujarat undertaking is one of the leading companies in the field of Natural Gas transmission pipeline. GIGL has taken a lead in developing energy transportation infrastructure and connecting major natural gas supply sources and demand markets.
What is Petronet LNG Limited?
Petronet LNG Limited is one of the fastest growing world-class Public Limited Company in the Indian energy sector. It has set up the country’s first LNG receiving and regasification terminal at Dahej, Gujarat with present nominal capacity of 17.5 MMTPA and another terminal at Kochi, Kerala having a nominal capacity of 5 MMTPA.
How Petronet LNG is meeting the total gas demand?
The terminal is meeting around 40% of the total gas demand of the country. Petronet LNG Limited, as responsible Corporate Citizen undertakes Socio-Economic Development Projects/Programmes to meet priority needs of the community with an aim to help them become self-reliant.
How many storage tanks are there in the Petronet LNG terminal?
The terminal has 6 LNG storage tanks and other vaporization facilities. The terminal is meeting around 40% of the total gas demand of the country. Petronet LNG Limited, as responsible Corporate Citizen undertakes Socio-Economic Development Projects/Programmes to meet priority needs of the community with an aim to help them become self-reliant.
What is the dividend yield of Petronet LNG shares?
For the year ending March 2019 Petronet LNG has declared an equity dividend of 100.00% amounting to Rs 10 per share. At the current share price of Rs 264.70 this results in a dividend yield of 3.78%.