PETRONET LNG
April 23rd, 2006 by AnalystINDUSTRY : PETROCHEMICALS
CMP : 53.75
The company is in the business of supply of LNG. With LNG coming up as a substitute for naphtha, an industrial fuel (since the LNG is cheaper than Naphtha) the company will see a huge industrial demand for its LNG in the years to come.
The company has turned into profits this year. Last year the company had a turnover of Rs. 1945 crores and a net loss of Rs. 28 crores. For the year 2006 the company is expected to post sales of more than 3500 crores and net profit of around 200 crores.
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