Petronet LNG was formed as a joint venture by the Government of India to import LNG and set up LNG terminals in the country, involving India's leading oil and natural gas industry players like GAIL (India), Oil & Natural Gas Corporation (ONGC), Indian Oil Corporation (IOCL) and Bharat Petroleum Corporation (BPCL). Each company held 12.50% stake in Petronet as on 31 December 2021.

Shares of Petronet LNG rose 0.37% to Rs 218.8 on BSE. The result was announced after market hours yesterday, 9 February 2022.