Petronet LNG Ltd signs the binding Transaction Documents with Gopalpur Ports Ltd to set up LNG Terminal

Petronet LNG Ltd has executed binding Transaction Documents viz. (a) Sub-Concession Agreement (b) Sub-Lease deed and (c) Port Service Agreement with M/s Gopalpur Ports Limited on 27.12.2023 for setting up of Floating Storage Regasification Unit (FSRU) based LNG terminal with capacity of ~4 MMTPA (Phase-1), with provision for converting to 5 MMTPA land-based terminal at Gopalpur Port, District - Ganjam, Odisha.

PLL is in process of setting up its maiden LNG terminal on the east coast of India at Gopalpur, District- Ganjam, Odisha which would bring augmentation in overall regasification capacity in the country thereby contributing towards gas-based economy.

Shares of Petronet LNG Limited was last trading in BSE at Rs. 216.30 as compared to the previous close of Rs. 215.65. The total number of shares traded during the day was 196810 in over 3237 trades.

The stock hit an intraday high of Rs. 217.50 and intraday low of 215.15. The net turnover during the day was Rs. 42600609.00.

Source : Equity Bulls

Keywords

PetronetLNG INE347G01014 GopalpurPorts FSRU LNGTerminal Ganjam Odisha