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Petronet LNG net up 55% at Rs 378 cr in June quarter

Total income during the period under review fell to Rs 5,386.66 crore as against Rs 8,411.61 crore a year ago

Ltd today posted a nearly 55 per cent jump in its standalone net at Rs 377.86 crore for the quarter ended June 30, 2016.

The company had reported a net of Rs 244.12 crore in the corresponding quarter a year ago, it said in a filing today.

However, total income during the period under review fell to Rs 5,386.66 crore as against Rs 8,411.61 crore a year ago.

has set up the country's first LNG receiving and regasification terminal at Dahej, Gujarat, and another terminal at Kochi, Kerala.

While the Dahej terminal has a nominal capacity of 10 MMTPA (equivalent to 40 MMSCMD of natural gas), the Kochi terminal has a capacity of 5 MMTPA (equivalent to 20 MMSCMD of natural gas). The company is in the process to build the third terminal at Gangavaram, Andhra Pradesh.

Formed as a Joint Venture by the Government of India to import LNG and set up LNG terminals in the country, it involves India's leading oil and natural gas industry players.

Its promoters are GAIL (India) Ltd, Oil & Natural Gas Corporation Ltd, Indian Oil and Bharat Petroleum. The authorised capital is Rs 1,200 crore (USD 240 million).

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Business Standard

Petronet LNG net up 55% at Rs 378 cr in June quarter

Total income during the period under review fell to Rs 5,386.66 crore as against Rs 8,411.61 crore a year ago

Press Trust of India  |  New Delhi 

India's Petronet near to winning better gas terms from Qatar - sources

Ltd today posted a nearly 55 per cent jump in its standalone net at Rs 377.86 crore for the quarter ended June 30, 2016.

The company had reported a net of Rs 244.12 crore in the corresponding quarter a year ago, it said in a filing today.



However, total income during the period under review fell to Rs 5,386.66 crore as against Rs 8,411.61 crore a year ago.

has set up the country's first LNG receiving and regasification terminal at Dahej, Gujarat, and another terminal at Kochi, Kerala.

While the Dahej terminal has a nominal capacity of 10 MMTPA (equivalent to 40 MMSCMD of natural gas), the Kochi terminal has a capacity of 5 MMTPA (equivalent to 20 MMSCMD of natural gas). The company is in the process to build the third terminal at Gangavaram, Andhra Pradesh.

Formed as a Joint Venture by the Government of India to import LNG and set up LNG terminals in the country, it involves India's leading oil and natural gas industry players.

Its promoters are GAIL (India) Ltd, Oil & Natural Gas Corporation Ltd, Indian Oil and Bharat Petroleum. The authorised capital is Rs 1,200 crore (USD 240 million).

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Petronet LNG net up 55% at Rs 378 cr in June quarter

Total income during the period under review fell to Rs 5,386.66 crore as against Rs 8,411.61 crore a year ago

Total income during the period under review fell to Rs 5,386.66 crore as against Rs 8,411.61 crore a year ago Ltd today posted a nearly 55 per cent jump in its standalone net at Rs 377.86 crore for the quarter ended June 30, 2016.

The company had reported a net of Rs 244.12 crore in the corresponding quarter a year ago, it said in a filing today.

However, total income during the period under review fell to Rs 5,386.66 crore as against Rs 8,411.61 crore a year ago.

has set up the country's first LNG receiving and regasification terminal at Dahej, Gujarat, and another terminal at Kochi, Kerala.

While the Dahej terminal has a nominal capacity of 10 MMTPA (equivalent to 40 MMSCMD of natural gas), the Kochi terminal has a capacity of 5 MMTPA (equivalent to 20 MMSCMD of natural gas). The company is in the process to build the third terminal at Gangavaram, Andhra Pradesh.

Formed as a Joint Venture by the Government of India to import LNG and set up LNG terminals in the country, it involves India's leading oil and natural gas industry players.

Its promoters are GAIL (India) Ltd, Oil & Natural Gas Corporation Ltd, Indian Oil and Bharat Petroleum. The authorised capital is Rs 1,200 crore (USD 240 million).
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