Petronet LNG Shares jumps 5% after commissioning 2 LNG storage tanks

New Delhi: According to the latest regulatory filings with the stock exchanges, Petronet LNG Limited announced the commissioning of two LNG storage tanks on October 1st.

The two LNG storage tanks i.e. T-107 & T-108, each have a capacity of 1.8 lakh cubic meters and are located at the company’s Dahej LNG terminal. 

With a market capitalization of Rs. 54,255 crores, at 12:02 p.m., the shares of Petronet LNG were trading in the green at Rs. 362, up by nearly 5.2 percent, as against its previous closing price of Rs. 344.25. 

On 20th August, Petronet LNG Limited entered into a Memorandum of Understanding (MoU) with LTL Holdings Limited (LTL) of Sri Lanka in Colombo, Sri Lanka. 

In Thursday’s trading session, the shares of a company engaged in the import and re-gasification of LNG surged 5.6 percent to Rs. 363.45 on BSE, after the company announced the commissioning of two LNG storage tanks.