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
Press Release
11th November, 2020
Petronet LNG Ltd
- Highest ever throughput in a quarter at the Dahej Terminal, of 243 TBTU in Q2, FY 2020-21
- Growth in Profit Before Tax (PBT) of the current quarter Q2, FY 2020-21 over the previous quarter Q1, FY 2020-21 by 78%
- Growth in Profit After Tax (PAT) of the current quarter Q2, FY 2020-21 over the previous quarter Q1, FY 2020-21 by 78%
During the quarter ended 30th September, 2020 (current quarter), Dahej terminal processed the highest ever 243 TBTU of LNG as against 181 TBTU processed during the previous quarter and 240 TBTU processed during the corresponding quarter. The highest ever overall LNG volume processed by the Company in the current quarter was 254 TBTU, as against the LNG volume processed in the previous and corresponding quarter, which stood at 190 TBTU and 250 TBTU respectively.
The Company has reported highest ever PBT of Rs 1,242 Crore in the current quarter, as against Rs 697 Crore in the previous quarter and Rs 885 Crore in the corresponding quarter. The PAT for the current quarter was reported at Rs 927 Cr as against the PAT of the previous quarter and corresponding quarter i.e. Rs 520 Crore and Rs 1,103 Crore respectively.
The strong financial results in Q2, 2020-21, was achieved due to resurgence of demand to pre-COVID 19 level, robust operational efficiency and effective commercial planning by the Company.
The Board of Directors approved a special interim dividend of 80 % on equity, which is Rs 8 / share.
