Renegotiation concluded with contract renewal for a 20-year period. No disclosure yet on the rate at which the contract was renewed, but media reports mention it was at a lower rate.
https://www.business-standard.com/markets/capital-market-news/petronet-lng-to-purchase-7-5-mmtpa-lng-from-qatarenergy-124020600903_1.html
I guess price action will let us know how favourable or otherwise the new rate is even if the renewal tariff is not disclosed now. Also, in the earnings call, the MD indicated that the Coimbatore-Blr pipeline section is likely to be ready by CY24 year-end. If it does happen finally, that can lead to a substantial rerating. But given past history of delays, have to take such comments with more than a pinch of salt. In any case, so long as gas prices remain benign, the stock should do reasonably well.
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