Petronet LNG: High on energy
Increasing capacity at Dahej and good news on the Kochi terminal are positives
The stock of gas importer and regasifier Petronet LNG has been on a roll, rallying more than 60 per cent over the past year. With good reason. The company’s profit has nearly doubled y-o-y in the nine months ended December 2016 to ₹1,235 crore, after a subdued fiscal 2015-16. The good show was driven by higher volumes — up nearly 40 per cent y-o-y. This was thanks to the expansion in the mainstay ...
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