Petronet LNG forms subsidiary in Singapore

Petronet LNG Limited (PLL) has incorporated a wholly-owned subsidiary company at Singapore under the name 'Petronet LNG Singapore Pte. Ltd.' on 7th March 2022.

The newly incorporated wholly-owned subsidiary Petronet LNG Singapore Pte. Ltd. has been incorporated to carry out business/activities, including but not limited to purchase of LNG on long, spot and short-term basis and sale of LNG, trading of LNG to Indian and foreign companies, optimization and diversion of LNG under its portfolio, carry out hedging, purchase of LNG under LNG SPAs, sale of LNG to customers, investments in overseas ventures etc. The registered office of the wholly-owned subsidiary company is at Singapore.

The issued and paid-up Share capital of the Company is USO 500 (500 shares of US dollar 1 each).

Shares of Petronet LNG Limited was last trading in BSE at Rs. 220.85 as compared to the previous close of Rs. 218.05. The total number of shares traded during the day was 124005 in over 2495 trades.

The stock hit an intraday high of Rs. 222.55 and intraday low of 216.95. The net turnover during the day was Rs. 27236081.00.

Source : Equity Bulls

Keywords

PetronetLNG INE347G01014 Subsidiary Singapore