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 First Quarter Financial
7-Sep-2016
- Profit of Rs 378 Crore – Highest profit ever in any quarter
- Capacity utilization of 130% at the Dahej Terminal – Highest ever volume processed in a quarter
During the quarter ended June 30, 2016 (current quarter), the Company's Dahej terminal has operated at around 130% of its name plate capacity. The volume of 165 TBTU regasified at the Dahej terminal is a 11% increase as compared to previous quarter and 77% increase as compared to the corresponding quarter. Kochi terminal, however handled only 3 TBTUs of LNG along with the reload services and primarily served two consumers in the vicinity of the terminal i.e., Kochi refinery and FACT.
The Company has reported the profit of Rs 378 Crore in the current quarter which is highest profit after tax in any of the previous quarters. The profit before tax of Rs. 556 crore in current quarter is an increase of about 55% over the previous quarter (i.e. Rs. 357 crore) and 124% increase over the corresponding quarter (i.e. Rs 248 crore). The reason for this significant increase in profit over the comparative quarters is higher volumes processed and better efficiency.
The work for expansion of Dahej LNG terminal from 10 MMTPA to 15 MMTPA has been partially commissioned (except storage tanks) and currently under stabilization. It is expected that the entire facility under expansion will be completed by October, 2016.
