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
- Highest ever quantity of LNG processed in Qr I, 2017-18, at 192 TBTU
During the quarter ended 30th June, 2017 (current quarter), PLL processed highest combined throughput at 192 TBTU. Dahej terminal processed 184 TBTU of LNG and had operated at around 97% of its average increased name plate capacity. The Dahej Terminal witnessed increase in throughput over the previous quarter by 4% (Q4 16-17 at 178 TBTU) and increase in throughput over the corresponding quarter by 12% (Q1 16-17 at 165 TBTU) respectively. The Kochi Terminal processed highest ever quantity of 8 TBTU of LNG.
The Company has reported profit before tax of Rs 666 Crore witnessing a growth of 20% over the corresponding quarter (Q1 16-17 at Rs 556 Cr) and a growth of 8% over the previous quarter (Q4 2016-17 at Rs 619 Cr) respectively. Profit after tax is reported at Rs 438 Crore in the current quarter, which registered a growth of 16% over the corresponding quarter (Q1 16-17 at 378 Cr).
The growth in profit before tax is due to higher volumes processed because of the increase in the Regasification capacity, post expansion of the Dahej Terminal and better efficiency achieved in the operations.
