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
2nd November, 2018
Petronet LNG Ltd
Ø Highest ever PBT of Rs 1,768 Cr over six months period ending 30 th September, 2018
Ø Highest ever PAT of Rs 1,150 Cr over six months period ending 30 th September, 2018
Ø Highest ever throughput of 437 TBTU over six months period ending 30th September, 2018
During the quarter ended 30th Sep, 2018 (current quarter), the Company processed 217 TBTU of LNG, as against 220 TBTU in Q1, 2018-19 (previous quarter) and 220 TBTU in Q2, 2017-18 (corresponding quarter). The Company's Dahej terminal has operated at around 110% of its name plate capacity and processed a volume of 211 TBTU of LNG in the current quarter, as against 214 TBTU in the previous quarter and 210 TBTU in the corresponding quarter. Kochi terminal handled 6 TBTUs of LNG.
The Company has processed highest ever volume of 437 TBTU over six months period ending 30th September, 2018, witnessing a growth of 6% over the corresponding period ending 30th September, 2017 (i.e. 412 TBTU).
The Company has reported PBT of Rs 867 Crore and PAT of Rs 563 Crore in the current quarter. The PBT and PAT reported in the previous quarter were Rs 901 Cr and Rs 587 Cr respectively. The PBT and PAT reported in the corresponding quarter were Rs 850 Cr and Rs 589 Cr respectively.
The Company registered highest ever PBT of Rs 1,768 Cr over the six months period ending 30th September, 2018, which stood at Rs 1,516 Cr in the corresponding period, witnessing a growth of 17%. The Company registered the highest ever PAT of Rs 1,150 Cr over the six months period ending 30th September, 2018, which stood at Rs 1,026 Cr in the corresponding period, witnessing a growth of 12%.
The significant increase in profit, is due to higher volumes processed owing to increase in the Regasification capacity of the Dahej Terminal and better efficiency in operations.
The Board of Directors has recommended a special interim dividend of Rs. 5.50 per equity share of Rs 10 each (55%).
