Synopsis: The stock rose after a 15-year ethane infrastructure deal boosted long-term revenue visibility through new storage and jetty facilities. Despite softer quarterly numbers, steady terminal operations, rising utilization, aggressive capex, and improving global LNG supply outlook continue to support future growth prospects.

The shares of prominent energy company gained up to 4 percent in today’s trading session after the company entered into a 15-year ethane unloading, storage, and handling (USH) services binding term sheet with Oil and Natural Gas Corporation (ONGC).

With a market capitalization of Rs 41,745.00 crore, the shares of Petrone t LNG Ltd were trading at Rs 278.30 per share, increasing around 3.48 percent as compared to the previous closing price of Rs 268.9

See Full Page