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.

Reliance Natural Resources Ltd is all set to take on the LNG terminal next to the Dabhol power refinery to import LNG cargoes.

Petronet LNG Ltd has attached 1.5 million tonnes of fuel imports from the Gorgon assignment in Australia.

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.

GVK, British Gas and Essar have shown interest in taking competence at the Dabhol LNG workstation.

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.

Petronet LNG plans to increase Rs.2,200 crore from Indian and international markets to partly fund its enslaved harbor with re-gasification amenities at Kochi.

Petronet LNG presently trades at Rs 37.25, up by 2.80 points or 8.13% from its previous closing of Rs 34.45 on the BSE.