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Petronet LNG

Buy Petronet LNG shares

PETRONET LNG (BOM: 532522) Shares

ABOUT PETRONET LNG

Petronet LNG Limited is an Indian energy sector company. Since the history of its inception as a joint venture by the Government of India, Petronet LNG Limited has become one of the fastest growing world-class companies in the Indian energy sector.

The company was formed in 1998 in order to import liquid natural gas and develop liquid natural gas terminals. In 2003 the company entered into gas sales agreements with GAIL, IOCL and BPCL.

The company established India’s first liquid natural gas receiving and regasification terminal at Dahej, Gujarat, and another terminal at Kochi, Kerala. While the Dahej terminal has a nominal capacity of 17.5 MMTPA, the Kochi terminal has a capacity of 5 MMTPA. The company is also exploring suitable opportunities within and outside India to expand its business presence.

OVERVIEW OF PETRONET LNG

  • Petronet LNG Limited’s terminals account for around 40% of gas supplies in the country and handle around 80% of liquid natural gas imports in India. The company is at the forefront of India’s all-out national drive to ensure the country’s energy security in the years comes.

  • The company works with India’s leading oil and natural gas industry players. The company’s promoters are GAIL (India) Limited (GAIL), Oil & Natural Gas Corporation Limited (ONGC), Indian Oil Corporation Limited (IOCL) and Bharat Petroleum Corporation Limited (BPCL).

  • In September 2019, the company signed an agreement with Tellurian Inc to purchase a stake in their Driftwood project in Louisiana in order to import 5 million tonnes of liquid natural gas annually.
  • The deal is expected to be finalized by 31 March 2022 and will greatly enhance the company’s portfolio.

VISION & VALUES OF PETRONET LNG

  • As responsible corporate citizen, Petronet LNG Limited invests in several Socio-Economic Development Programmes in order to meet priority needs of underdeveloped communities. These efforts are focused primarily on the areas of Education, Civil Infrastructure, Healthcare, Sports & Culture, and Entrepreneurship in the Community.

  • The company also supports Water Management and Disaster Relief in the country, in order to ensure that its business activities serve the needs of all its stakeholders.

  • Petronet LNG Limited is committed to conduct business with a strong environment conscience, ensuring sustainable development, safe workplaces and enrichment of the quality of life of its employees, customers and the community at large.

MARKET PERFORMANCE OF PETRONET LNG

  • Petronet LNG Limited trades on the Bombay Stock Exchange (BSE), where investors can buy shares under the stock symbol BOM: 532522.

  • Data from the company’s 2019 financial analysis shows that turnover was Rs 38 845 crores including other income, above Rs 30 916 crores in 2018. Net profit was Rs 2 155 crores above Rs 2 078 crores in 2018.

  • The company’s strong performance has allowed investors to buy or sell shares with confidence, providing sound dividends and a solid buy-in for those who choose to purchase shares in 2022 and in the future.

LATEST NEWS PETRONET LNG

Buy PETRONET LNG stocks / shares – A Step by Step Guide how to Buy / Purchase PETRONET LNG  Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy PETRONET LNG Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN PETRONET LNG STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE PETRONET LNG STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of PETRONET LNG stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy PETRONET LNG stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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