Petronet LNG Limited is one of the fastest growing world-class Public Limited Company in the Indian energy sector. It has set up the country's first LNG receiving and regasification terminal at Dahej, Gujarat with present nominal capacity of 17.5 MMTPA and another terminal at Kochi, Kerala having a nominal capacity of 5 MMTPA. The company is also exploring suitable opportunities within and outside India to expand its business presence.
The Company had set up South East Asia's first LNG Receiving and Regasification Terminal with an original nameplate capacity of 5 MMTPA at Dahej, Gujarat. The infrastructure was developed in the shortest possible time and at a benchmark cost. The capacity of the terminal has been expanded in phases which is currently 17.5 MMTPA and the same is under expansion to 22.5 MMTPA in two phases. The terminal has 6 LNG storage tanks and other vaporization facilities. The terminal is meeting around 40% of the total gas demand of the country
Maintains high performance, achieves highest quarterly profit
19-Oct-2011
Quarterly Net Profit up 98.5% to Rs. 260.33 crores and Turnover up by 75.5% to Rs. 5366.87 crores.
During the quarter ended Sep 30th, 2011, the company has operated at 106% of its capacity (nameplate capacity of the Dahej Terminal is 10 MMTPA). Total regasified volume rose to 135.08 TBTUs against 99.78 TBTUs in the corresponding quarter last year. With the increase in volume, turnover of the company has risen sharply to Rs. 5366.87 crores, an increase of over 75.5% over the corresponding quarter last year. Net Profit of the Company has increased to Rs. 260.33 crores, a substantial increase of over 98% from the corresponding quarter last year. The higher increase in net profit is on account of additional volumes with better margins alongside higher operational efficiency.
The construction work at Kochi Terminal is on schedule and is expected to be commissioned by 4th quarter of 2012.
During the quarter ended Sep 30th, 2011, the company has operated at 106% of its capacity (nameplate capacity of the Dahej Terminal is 10 MMTPA). Total regasified volume rose to 135.08 TBTUs against 99.78 TBTUs in the corresponding quarter last year. With the increase in volume, turnover of the company has risen sharply to Rs. 5366.87 crores, an increase of over 75.5% over the corresponding quarter last year. Net Profit of the Company has increased to Rs. 260.33 crores, a substantial increase of over 98% from the corresponding quarter last year. The higher increase in net profit is on account of additional volumes with better margins alongside higher operational efficiency.
The construction work at Kochi Terminal is on schedule and is expected to be commissioned by 4th quarter of 2012.
