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
9th June, 2021
Petronet LNG Ltd
- Highest ever PBT of Rs 3,968 Cr and PAT of Rs 2,949 Cr in a financial year.
- Growth in Profit Before Tax (PBT) of FY 2020-21 over PBT of FY 2019-20 by 28%
- Growth in Profit After Tax (PAT) of FY 2020-21 over PAT of FY 2019-20 by 9%
During the FY 2020-21 (current year), Dahej terminal processed 849 TBTU of LNG as against 885 TBTU processed during the previous year. The overall LNG volume processed by the Company in the current year was 896 TBTU, as against the LNG volume processed in the previous year of 927 TBTU.
During the quarter ended 31st March, 2021 (current quarter), Dahej terminal processed 204 TBTU of LNG, as against 206 TBTU processed during the corresponding quarter (Q4, FY 2019-20). In the previous quarter (Q3, FY 2020-21), 222 TBTU of LNG was processed. The overall LNG volume processed by the Company in the current quarter was 218 TBTU, as against 219 TBTU processed in the corresponding quarter. In the previous quarter, LNG volume processed was 235 TBTU.
The Company has reported highest ever PBT of Rs 3,968 Crore in the financial year ending 31st March, 2021 (current year), as against Rs 3,111 Crore in the previous year. The PAT for the current year was reported at Rs 2,949 Cr as against the PAT of the previous year of Rs 2,698 Crore.
The Company has reported PBT of Rs 856 Crore in the current quarter, as against Rs 486 Crore in the corresponding quarter. In the previous quarter, PBT was Rs 1,172 Crore. PAT for the current quarter was reported at Rs 623 Cr as against PAT of the corresponding quarter which stood at Rs 359 Crore. PAT of the previous quarter was Rs 878 Crore.
The Board of Directors have recommended a final dividend of 35% on equity for approval of the shareholders in the AGM.
The strong financial results were achieved due to robust operational efficiency and effective commercial planning by the Company.
