Buy Petronet LNG Ltd. With Target Rs 143 by PINC Research

PLLNew capacity of 5mmtpa at Kochi operational by FY15

Capacity expansion at Dahej terminal from10mmtpa to 12.5mmtpa

Net sales and PAT to grow at a CAGR of 32% and 24% respectively from FY10 to FY13

Concern over cap on regas charges, global LNG dynamics, force majeure from RasGas

At CMP of Rs118, PLL is trading at PER of 12.0x & 11.5x and EV/ EBITDA of 9.0x & 7.6x for FY12 & FY13 respectively.