Petronet LNG Limited : Petronet LNG Ltd – further raises the bar, achieves highest ever Profit and Turnover

Petronet LNG Ltd – further raises the bar, achieves highest ever Profit and Turnover

Press Release

26-Apr-2011

Quarterly Net Profit up 113% to Rs. 206 crores and Turnover up by 67% to Rs. 3986 crores
Annual Net Profit up by 53% to Rs. 620 crores and Turnover up by 24% to Rs. 13,197 crores.
Dividend

During the quarter ended March 31, 2011, the company has operated at its full capacity of around 10 MMTPA. The company has regasified a total volume of 125.75 TBTUs against 91.75 TBTUs in the corresponding quarter last year resulting in a turnover of Rs. 3,986 crores, an increase of over 67 % and Net Profit of Rs. 206 crores, an increase of over 113% from the corresponding quarter of last year.

During the financial year 2010-11, the company has regasified a total volume of 440.34 TBTUs against a total volume of 399.62 TBTUs in 2009-10. Turnover for the full year ended 31st March 2011 is Rs. 13,197 crores which has increased by 24% over the last financial year 2009-10. The net profit of Rs. 620 crores for the current financial year 2010-11 is the highest ever net profit achieved by the company since its inception. Net Profit for the full year has increased by around 53% over the last financial year 2009-10. The higher profit is on account of increased volume and increased efficiency in operations.

The Company has executed short term contracts for additional 1.5 MMTPA LNG Â for the Financial Year 2011-12 and 2012 -13 from various sources and has also sold this volume.

The Company has awarded contracts for construction of additional Jetty and associated unloading facilities at Dahej. The additional Jetty is expected to be commissioned by 2nd quarter of Financial Year 2013-14 and will further enhance the capacity at Dahej.

The Company has also awarded the contract for expansion of Kochi Terminal from 2.5 MMTPA to 5.0 MMTPA and the Terminal is expected to be commissioned by 3rd quarter of Financial Year 2012-13.

The Board has recommended a dividend of 20% for the financial year 2010-11 against 17.50% in the previous year.

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	Company Company About Us Board of Directors Promoters Recognitions Corporate Brochure Vigilance Mechanism LNG Academy 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. Natural Gas Natural Gas An Overview LNG INDIA LNG Scenario MSPA eligibility criteria Natural Gas consists mainly of Methane and small amounts of ethane, propane and butane. It is transported through pipelines but is extremely bulky. A high-pressure gas pipeline can transport in a day only about one-fifth of the energy that can be transported through an oil pipeline. Terminals Terminals HSE QHSE & A Policy Dahej Dahej LNG Terminal LNG Transportation Financing End Consumers Kochi Kochi LNG Terminal Solid Cargo Port LNG Sources Gas Transport Small Scale LNG (SSLNG) 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 CSR CSR About CSR at PLL -Healthcare -Combatting COVID-19 -Education & Skill Development -Welfare of Divyangjans -Welfare of widows Empowering women -Environment & Sustainability CSR Policy Annual Plans Impact Assessment Report Petronet LNG Foundation Petronet LNG Limited, as responsible Corporate Citizen undertakes Socio-Economic Development Projects/Programmes to meet priority needs of the community with an aim to help them become self-reliant. These efforts are generally undertaken around our work centers, mostly in the areas of Education, Rural Infrastructure, Healthcare, Sports & Culture, Entrepreneurship, etc. Media Centre Media Centre Press Releases Petronet in Media Photo Gallery Media Contact Logos Four of the top public sector companies of the country's Hydrocarbon Sector viz. Oil and Natural Gas Corporation Limited (ONGC), Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and GAIL (India) Limited (GAIL) have invested in Petronet LNG. Each has a 12.5% equity share, leading to a total of 50% for the four. Investor Centre Investor Centre Stocks BSE NSE Announcements Financials - PLL Financials - Subsidiary Equity Structure Shareholding Pattern Shareholder's Meeting Postal Ballot Annual Reports Annual Return Code of Conduct Investor Contact TDS Related Information Details of the Committee Dividend Policy Corporate Governance Sustainability Report Related Party Policy Vigil Mechanism Equal Opportunity Policy Four of the top public sector companies of the country's Hydrocarbon Sector viz. Oil and Natural Gas Corporation Limited (ONGC), Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and GAIL (India) Limited (GAIL) have invested in Petronet LNG. Each has a 12.5% equity share, leading to a total of 50% for the four. Disclosures under Regulation 46 of the LODR Analyst/Investor Conference Meet Norms for processing Investors service request by RTA & related forms SOP for dispute resolution under the Stock Exchange arbitration mechanism Related Party Disclosure pursuant to Regulation 23(9) Independent Director's Appointment Letter Familiarisation Programme For Independent Directors Model Tripartite Agreement between the issuer, existing share transfer agent and new share transfer agent Careers Tender Customers

Petronet LNG Ltd – further raises the bar, achieves highest ever Profit and Turnover Press Release 26-Apr-2011 Quarterly Net Profit up 113% to Rs. 206 crores and Turnover up by 67% to Rs. 3986 crores Annual Net Profit up by 53% to Rs. 620 crores and Turnover up by 24% to Rs. 13,197 crores. Dividend During the quarter ended March 31, 2011, the company has operated at its full capacity of around 10 MMTPA. The company has regasified a total volume of 125.75 TBTUs against 91.75 TBTUs in the corresponding quarter last year resulting in a turnover of Rs. 3,986 crores, an increase of over 67 % and Net Profit of Rs. 206 crores, an increase of over 113% from the corresponding quarter of last year. During the financial year 2010-11, the company has regasified a total volume of 440.34 TBTUs against a total volume of 399.62 TBTUs in 2009-10. Turnover for the full year ended 31st March 2011 is Rs. 13,197 crores which has increased by 24% over the last financial year 2009-10. The net profit of Rs. 620 crores for the current financial year 2010-11 is the highest ever net profit achieved by the company since its inception. Net Profit for the full year has increased by around 53% over the last financial year 2009-10. The higher profit is on account of increased volume and increased efficiency in operations. The Company has executed short term contracts for additional 1.5 MMTPA LNG Â for the Financial Year 2011-12 and 2012 -13 from various sources and has also sold this volume. The Company has awarded contracts for construction of additional Jetty and associated unloading facilities at Dahej. The additional Jetty is expected to be commissioned by 2nd quarter of Financial Year 2013-14 and will further enhance the capacity at Dahej. The Company has also awarded the contract for expansion of Kochi Terminal from 2.5 MMTPA to 5.0 MMTPA and the Terminal is expected to be commissioned by 3rd quarter of Financial Year 2012-13. The Board has recommended a dividend of 20% for the financial year 2010-11 against 17.50% in the previous year.




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