Petronet LNG Ltd is likely to come out with a $100 million summarized public bid or a rights issue during 2011-12 to part fund a 1,200-Megawatt power factory to be established at Dahej in Gujarat.

Petronet LNG presently trades up on the Sensex after the company contract with Exxon Mobil for long period provision of liquefied natural gas from the projected Gorgon LNG assignment in Western Australia.

Petronet LNG has decided to take charge of its extended LNG import workstation at Dahej from the suppliers next week.

The main indices will begin on a positive note with other progressive Asian markets.

International rally is likely to wipe off on local sentiment on Friday.

The Nifty fell 78 points to end at 4,235.

Domestic markets closed the week in the positive zone with the Sensex closing over the 15,100 mark.

Main indices have additionally got impetus and trades at day’s high after beginning with an optimistic prejudice.

Petronet LNG has recorded a net gain of Rs.204.35 crore for the month of March period as opposed to Rs.120.04 crore for the March last period.

Petronet LNG presently trades at Rs.34.05, which is high by 1.05 points from its last close of Rs.33 on the Sensex.