Petronet LNG Limited inks MoU with LTL Holdings Ltd, Sri Lanka

Petronet LNG Limited (PLL) has entered into a Memorandum of Understanding (MoU) with LTL Holdings Limited (LTL) of Sri Lanka on 20th August 2024 at Colombo, Sri Lanka for supply of LNG to LTL's dual fuelled Power Plant(s) in Kerawalapitiya, Colombo. Both parties, through this MoU, have agreed for development of LNG supply chain from PLL's LNG terminal, Kochi to LTL's Power Plant(s) in Kerawalapitiya, Colombo in a time bound manner. The proposed supply of LNG from PLL's Kochi LNG Terminal would be through LNG ISO tank containers involving multi-modal transport system. The initial term of LNG supply would be 5 years, which is extendable subject to mutual agreement.

Shares of Petronet LNG Limited was last trading in BSE at Rs. 378.40 as compared to the previous close of Rs. 375.30. The total number of shares traded during the day was 84430 in over 1974 trades.

The stock hit an intraday high of Rs. 381.50 and intraday low of 376.05. The net turnover during the day was Rs. 32005107.00.

Source : Equity Bulls

Keywords

PetronetLNG INE347G01014 MoU LTLHoldings SriLanka LNGSupply