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
10th February, 2020
Petronet LNG Ltd
- Highest ever PBT of Rs 2,624 Cr over nine months period ending 31st December, 2019
- Highest ever PAT of Rs 2,339 Cr over nine months period ending 31st December, 2019
- Highest ever throughput of 709 TBTU over nine months period ending 31st December, 2019
During the quarter ended 31st December, 2019 (current quarter), the Company processed 233 TBTU of LNG, as against 250 TBTU in Q2, 2019-20 (previous quarter) and 202 TBTU in Q3, 2018-19 (corresponding quarter). The Company’s Dahej terminal has operated at around 100 % of its name plate capacity and processed a volume of 222 TBTU of LNG in the current quarter, as against 240 TBTU in the previous quarter and 197 TBTU in the corresponding quarter. Kochi terminal handled 11 TBTUs of LNG.
The Company has processed highest ever volume of 709 TBTU over nine months period ending 31st December, 2019, as compared to 639 TBTU processed in the corresponding nine month period ending 31st December, 2018, registering a growth of 11%.
The Company has reported PBT of Rs 902 Crore and PAT of Rs 675 Crore in the current quarter. The PBT and PAT reported in the previous quarter were Rs 885 Cr and Rs 1,103 Cr respectively. The PBT and PAT reported in the corresponding quarter were Rs 811 Cr and Rs 565 Cr respectively.
The Company registered highest ever PBT of Rs 2,624 Cr over the nine months period ending 31st December, 2019, which stood at Rs 2,579 Cr in the corresponding period, witnessing a growth of 1.75%. The Company registered the highest ever PAT of Rs 2,339 Cr over the nine months period ending 31st December, 2019, which stood at Rs 1,715 Cr in the corresponding period, witnessing a growth of 36%.
The significant increase in profit year to date, is due to higher volumes processed owing to commercial efficacy and better efficiency in operations.
