Press Release

Execution of Rupee Term Loan Agreement for ₹12,000 Crore

Petronet LNG Ltd

New Delhi

Press Release

                                   

New Delhi, December 10, 2025: Petronet LNG Limited (PLL) has executed a Secured Rupee Term Loan (RTL) facility amounting to Rs 12,000 crore with a consortium consisting of State Bank of India (Leader of consortium) and Bank of Baroda, with sanctioned limit of Rs 6,000 crore each from both the banks. The RTL facility is intended to be utilised primarily for financing the Petrochemicals Project and other capital expenditure needs of the Company.

The loan agreement for Rupee Term Loan Facility was signed in the august presence of Shri Pankaj Jain, IAS, Secretary, MoP&NG and Chairman, PLL; Shri Challa Sreenivasulu Setty, Chairman, State Bank of India, Dr. Debadatta Chand, MD & CEO, Bank of Baroda and Shri Akshay Kumar Singh, MD & CEO, PLL.

The RTL facility was finalised through a competitive bidding process undertaken with the support of SBI Capital Markets Ltd, acting as the PLL’s financial advisor. Securing loan facility from reputed bankers through transparent bidding process reflects strong confidence of the Indian banking system in the Company’s projects, financial profile and long-term credit fundamentals.

The RTL facility ensures the availability of committed long-tenure resources essential for the Company’s sustained growth and diversification plans.

Based on the competitive bids received from multiple lenders, PLL has secured this facility on improved terms than the financing assumptions considered at the DFR and project approval stage, which are expected to further enhance overall project viability and support PLL’s broader strategic objectives.  

The execution of this Rupee Term Loan facility further strengthens PLL’s long-term funding framework and provides financial stability for the timely execution of the Petrochemicals and other approved project.

About Petronet LNG Limited (PLL)

Petronet LNG Limited is a joint venture promoted by four Oil & Gas Maharatna PSUs—GAIL, ONGC, IOCL and BPCL - each holding a 12.5% equity stake. Incorporated in 1998, PLL commands 43% of India's LNG regasification capacity and manages around 2/3rd of the nation’s LNG imports. With a turnover of approximately INR 51,000 crore in FY 2024-25, PLL plays a vital role in India’s energy ecosystem, contributing about 33% of the country’s total natural gas supply.

PLL, with its two LNG regasification terminals at Dahej, Gujarat and Kochi, Kerala has a total regasification capacity of 22.5 MMTPA. It is further augmenting Dahej terminal capacity from 17.5 MMTPA to 22.5 MMTPA, which is likely to be commissioned shortly. Further, PLL is also in process of setting up a land based greenfield LNG regasification terminal of 5 MMTPA capacity on East Coast of India at Gopalpur, Odisha.

PLL is also setting up a 750 KTA PDH and 500 KTA PP unit including ethane and propane handling facilities at Dahej, Gujarat.

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