However, on some occasions too much power is concentrated within this group.The definition of company insiders can be subjective, and does vary between jurisdictions. PETRONET LNG (BOM: 532522) Shares ABOUT PETRONET LNG ? The company was formed in 1998 in order to import liquid natural gas and develop liquid natural gas terminals. But to truly gain insight, we need to consider other information, too.Petronet LNG is a pretty big company.
Promoters : Oil and Natural Gas Corporation (ONGC), Indian Oil Corporation (IOCL), Bharat Petroleum Corporation (BPCL) and GAIL India. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. The Company operates terminals and transports liquefied natural gas through pipelines, as well as Petronet LNG delivers its products in India. Notably, sometimes top-level managers are on the board, themselves.We can see that Petronet LNG does have institutional investors; and they hold 26.8% of the stock. While the Dahej terminal has a nominal capacity of 17.5 million tonnes per year (equivalent to 70 million cubic metre per day of natural gas at standard conditions), the Kochi terminal has a capacity of 5 million tonnes per year (equivalent to 20 million cubic metre per day of natural gas). Soon the proposal will be placed for approval by the board,” said one of two sources familiar with the matter who both confirmed the plan to end the tender.Petronet did not respond to an emailed request for comment on plans to cancel the tender.GAIL and ENI did not respond to emails seeking comment on whether they were frontrunners for the tender.Petronet’s chief executive Prabhat Singh last month said his firm was close to finalizing the deal with prices near to spot markets. The businesses may be similar, or work together.Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. Project Details. The Dahej terminal has an annual LNG import capacity of 17.5Mt. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. Let’s delve deeper into each type of owner, to discover more about PETRONET. Petronet did not respond to an emailed request for comment on plans to cancel the tender. Owner/Operator : Petronet LNG. This can indicate that the company has a certain degree of credibility in the investment community. In 2003 the company entered into gas sales agreements with GAIL, IOCL and BPCL.The company’s strong performance has allowed investors to buy or sell shares with confidence, providing sound dividends and a solid buy-in for those who choose to purchase shares in 2020 and in the future.The company established India’s first liquid natural gas receiving and regasification terminal at Dahej, Gujarat, and another terminal at Kochi, Kerala. Oil and Natural Gas Corporation Limited (ONGC), Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and GAIL (India) Limited (GAIL) have invested in Petronet LNG. Petronet LNG was founded in 1998.
The company is also exploring suitable opportunities within and outside India to expand its business presence.Your money is safe with us | Enjoy fully segregated accountsThe company also supports Water Management and Disaster Relief in the country, in order to ensure that its business activities serve the needs of all its stakeholders.Before buying any stock or share one has to consider a few factors.The company works with India’s leading oil and natural gas industry players. NSEI:PETRONET Ownership Summary, December 9th 2019 What Does The Institutional Ownership Tell Us About Petronet LNG? Image courtesy of Petronet LNG.Oil and Natural Gas Corporation (ONGC), Indian Oil Corporation (IOCL), Bharat Petroleum Corporation (BPCL) and GAIL IndiaNextDecade to optimise Rio Grande LNG project to cut emissionsPort of Dahej, Bharuch, Gujarat, IndiaThe Dahej LNG terminal is owned and operated by Petronet LNG. Net profit was Rs 2 155 crores above Rs 2 078 crores in 2018. Let’s delve deeper into each type of owner, to discover more about PETRONET.Many institutions measure their performance against an index that approximates the local market. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. Of course, keep in mind that there are other factors to consider, too.Petronet LNG is not owned by hedge funds. More . It has a market capitalization of ₹340.50b. One of our administrators will review your comment before posting it onto the website.India is scouting for cheap gas for price-sensitive consumers as Prime Minister Narendra Modi is seeking to raise the share of natural gas in the national energy mix to 15% by 2030 from the current 6.2% to reduce pollution.NEW DELHI/SINGAPORE (Reuters) — India’s top gas importer Petronet LNG is set to cancel its offer to buy an annual 1 million tonnes of liquefied natural gas (LNG) for 10 years, two sources said, as signing long-term contracts is not attractive in the current scenario.Petronet has deals to annually buy 7.5 million tonnes of LNG from Qatar.GAIL and Italy’s ENI were the only two companies that qualified for Petronet’s long term LNG tender, the two sources said. I find it very interesting to look at who exactly owns a company.
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