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

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. 

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

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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. 

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