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08 Dec 2016 | 8:41 AM
Research Report
Weekly

Equity Research Report: Master Pick

Petronet LNG has been promoted by four PSUs - GAIL, ONGC, IOC and BPCL each with an equity stake of 12.5%. The Company has set up the country's first LNG receiving and regasification terminal at Dahej, Gujarat, and another terminal at Kochi, Kerala. It is now in process to build a third terminal at Gangavaram, Andhra Pradesh.
26 Jul 2014 | 07:00 AM

Its Dahej expansion plan of 5 MMTPA is on track and is likely to be completed by November 2016. Second jetty at the Dahej terminal commissioned on April 2014, now it will ease the constraint in handling number of vessels every year.

 

The company is increasing its presence by adding new capacities and expanding existing infrastructure. Out of total expanded capacity of 15 mmtpa, around 14.75 mmtpa is tied up for long term.

 

Petronet took nearly three years to witness upside breakout in May, 2014 (Please see the technical chart) from the declining channel on weekly chart.

 

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