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
FINANCING
The
company has achieved financial closure by syndicating its long-term
funds requirement on limited recourse basis with a consortium
of Banks and FI. Loan documents for Rs. 1804 crores long term
funds have been executed.The company after bringing in ADB (Asian Development Bank) as a 5.2% shareholder, made an Initial Public Offer (IPO) of Rs. 261 crores representing 34.8% of the paid -up capital. The IPO was successfully closed with a premium of Rs. 5.
The Company has also tied up its entire operational insurance requirements with a consortium of Insurance Companies.
