Four of the top public sector companies of the country's Hydrocarbon Sector viz.

GAIL (India) Limited (GAIL)
Oil and Natural Gas Corporation Limited (ONGC)
Indian Oil Corporation Limited (IOCL) and
Bharat Petroleum Corporation Limited (BPCL)

have invested in Petronet LNG.

Each has a 12.5% equity share, leading to a total of 50% for the four.

As per Articles of Association of the company, at any given point of time, not more than fifty percent (50%) of the company’s share capital shall be held, whether directly or indirectly, by the Government, including any Government Company and Public Sector Undertaking.

GDF International (GDFI), a wholly owned subsidiary of French National Gas Company Gaz De France, holds 10% and the Asian Development Bank (ADB), a member of the World Bank Group, holds 5.2% of the equity. The balance equity (34.8%) is held by the public.