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Petronet to buy 1.5 million tonnes of LNG from Australia
Petronet LNG (PLL), India"s largest liquefied natural gas importer, will sign an agreement to buy 1.5 million tonnes of LNG from Australia in August.

NEWSALERT: Sloane Robinson raises its stake in Indiabulls to 5.08%
Foreign fund house Sloane Robinson LLP has raised its stake to 5.08 per cent in Indiabulls Financial Services through an open market transaction for an undisclosed amount.

News of the day

Govt has no info on ministerial conflict of interest in gas row
The Prime Minister’s Office does not have any information whether cabinet ministers who were part of the Empowered Group of Ministers (EGoM) to decide on the price of gas from the Krishna-Godavari basin had declared if they had any conflict of interest with regard to Reliance Industries Ltd or the late Dhirubhai Ambani. The PMO has said so in reply to a Right to Information (RTI) query.
Small Business

Petronet LNG June qtr net dips 2% at Rs 103 cr

Liquefied natural gas importer Petronet LNG today said its net profit declined by 2.20 per cent at Rs 103.31 crore for the quarter ended June 30, 2009, over the same period last year. - CGD projects to source natural gas from PMT fields - Petronet explores "gas swap" deal with K-G basin supplies - Petronet LNG net up 70% at Rs 204 cr - KG-D6 gas fails to cheer fertiliser cos - LNG imports may double this year - Dabhol LNG terminal to be up and running soon The company had a net profit of Rs 105.64 crore in the same quarter ended June 2008, liquefied natural gas importer said in a filing to the Bombay Stock Exchange. Total income rose to Rs 2,641.2 crore in the latest quarter, against Rs 1,645.85 crore in the same quarter previous fiscal. Shares of Petronet LNG were trading at Rs 67.10 on the BSE, down 7.32 per cent from previous close.


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