Petronet LNG Ltd is an Indian oil and gas company formed by the government of India to import liquefied natural gas (LNG) and set up LNG terminals in the country. It is a joint venture company promoted by the Gas Authority of India Limited (GAIL), Oil and Natural Gas Corporation Limited (ONGC), Indian Oil Corporation Limited (IOC) and Bharat Petroleum Corporation Limited (BPCL) with an authorised capital of ₹ 1200 crores (US$240 million). Each has 12.5% equity share totaling to 50%. In addition, GDF International (GDFI), a wholly owned subsidiary of ENGIE, holds 10%. The balance of the equity, 40%, is held by the public.
Petronet LNG Advices for Next Week
One can @Buy Petronet LNG Future from the level 381 and target 385 with Stop Loss 376.20 as all the indicators are showing buy signal,ADX is also confirming.
