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Fundamental Reasons:-
Petronet LNG Ltd, a joint venture company between BPCL, IOC,GAIL and ONGC, was incorporated in
April 1998 for importing LNG and setting up of LNG terminals with facilities like jetty, storage,
regasification etc. to supply natural gas for generation of power to both private / public sector power plants.
The equity structure consists of equity contribution of 12.5% each by BPCL, IOC, GAIL and ONGC, 10%
from Gaz de France & the balance from third parties. PLL has set up LNG receipt and regasification
terminal facilities of 5 MMTPA capacities at Dahej in Gujarat and started commercial supplies of regasified
LNG from the said terminal.
Petronet LNG has signed sale purchase agreement with M/s. Ras Laffan / MOBIL to supply LNG to Dahej
and Cochin terminals. PLL has decided to expand its capacity of Dahej to 10 MMTPA. The company
completed implementation of ERP solution covering all aspects of its business. The company also obtained
ISO:9001 and OSHAS certification during 2004-05.
At present, Petronet LNG powers its own operations in Dahej with a captive power plant of about 25 MW
capacities. The company plans to construct a power plant that will consume about 10% of its own gas
capacities of 10 million tonne per annum at Dahej will be set up in 28-30 months on receiving the board
approval which is expected to get in a couple of months. About 50 hectare of land has already been
acquired for the project. Gas-based power projects require investments of about Rs 3.5 crore per MW,
which company will fund by a combination of internal accruals and debt.
In Q4; FY11, Petronet LNG has reported a better than expected growth in the topline & bottom-line on Y/Y
basis. While total sales registered a whopping rise of 67.09%, net profit surged by 112.54% during the said
period. Net revenue were recorded at Rs 3985.97 Crore against Rs 2385.46 Crore as on Q4;FY2010, net
profit came at Rs 206.78 Crore against Rs 97.29 Crore as of Q4;FY2010. The profitability was higher than
analysts’ estimates mainly on account of lower other expenditure. During the said period the EBDITA also
rose by 73.76% and was recorded at SR 351 Crore. EPS has witnessed a healthy growth of 111.54% and
came at Rs 2.75 against Rs 1.30 as of Q4; FY10.
India's natural gas demand is expected to nearly double to 320 million metric standard cubic metre per day
(mmscmd) by 2015, according to a report released by global consultancy firm, McKinsey at the VI Asia
Gas Partnership Summit. According to the report, the current demand of 166 mmscmd—made up of nearly
132 mmscmd supplies from domestic fields and the rest from imported liquefied natural gas (LNG)—is
likely to rise to at least a minimum of 230 mmscmd and a maximum of 320 mmscmd by 2015. As petronet
LNG is the main gas supplier to commercial & other purposes in India. With reference to boom in the gas
based activities/ applications, company is bound to prosper. However on account of highly volatile gas
prices in international markets and excessive dependence on import may eat into the company’s margin.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Fundamental Reasons:-
Petronet LNG Ltd, a joint venture company between BPCL, IOC,GAIL and ONGC, was incorporated in
April 1998 for importing LNG and setting up of LNG terminals with facilities like jetty, storage,
regasification etc. to supply natural gas for generation of power to both private / public sector power plants.
The equity structure consists of equity contribution of 12.5% each by BPCL, IOC, GAIL and ONGC, 10%
from Gaz de France & the balance from third parties. PLL has set up LNG receipt and regasification
terminal facilities of 5 MMTPA capacities at Dahej in Gujarat and started commercial supplies of regasified
LNG from the said terminal.
Petronet LNG has signed sale purchase agreement with M/s. Ras Laffan / MOBIL to supply LNG to Dahej
and Cochin terminals. PLL has decided to expand its capacity of Dahej to 10 MMTPA. The company
completed implementation of ERP solution covering all aspects of its business. The company also obtained
ISO:9001 and OSHAS certification during 2004-05.
At present, Petronet LNG powers its own operations in Dahej with a captive power plant of about 25 MW
capacities. The company plans to construct a power plant that will consume about 10% of its own gas
capacities of 10 million tonne per annum at Dahej will be set up in 28-30 months on receiving the board
approval which is expected to get in a couple of months. About 50 hectare of land has already been
acquired for the project. Gas-based power projects require investments of about Rs 3.5 crore per MW,
which company will fund by a combination of internal accruals and debt.
In Q4; FY11, Petronet LNG has reported a better than expected growth in the topline & bottom-line on Y/Y
basis. While total sales registered a whopping rise of 67.09%, net profit surged by 112.54% during the said
period. Net revenue were recorded at Rs 3985.97 Crore against Rs 2385.46 Crore as on Q4;FY2010, net
profit came at Rs 206.78 Crore against Rs 97.29 Crore as of Q4;FY2010. The profitability was higher than
analysts’ estimates mainly on account of lower other expenditure. During the said period the EBDITA also
rose by 73.76% and was recorded at SR 351 Crore. EPS has witnessed a healthy growth of 111.54% and
came at Rs 2.75 against Rs 1.30 as of Q4; FY10.
India's natural gas demand is expected to nearly double to 320 million metric standard cubic metre per day
(mmscmd) by 2015, according to a report released by global consultancy firm, McKinsey at the VI Asia
Gas Partnership Summit. According to the report, the current demand of 166 mmscmd—made up of nearly
132 mmscmd supplies from domestic fields and the rest from imported liquefied natural gas (LNG)—is
likely to rise to at least a minimum of 230 mmscmd and a maximum of 320 mmscmd by 2015. As petronet
LNG is the main gas supplier to commercial & other purposes in India. With reference to boom in the gas
based activities/ applications, company is bound to prosper. However on account of highly volatile gas
prices in international markets and excessive dependence on import may eat into the company’s margin.
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