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Petronet LNG hits record high

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LNG Industry,


Reuters are reporting that Petronet LNG Limited's shares have risen by as much as 3.4% to a record high of 436 rupees a share.

Nomura analysts have raised Petronet to 510 rupees from 425 rupees, with a ‘buy’ rating.

"Our confidence continues in PLNG – India's key LNG importer – as a compelling story and safest name in our coverage," Nomura announced.

The analyst sees no risk in the company's ability to raise tariff by 5% in the near term.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/13042017/petronet-lng-hits-record-high/

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