Petronet

Petronet LNG and Gruner Renewable Energy have formed a 50:50 joint venture to develop a portfolio of compressed biogas (CBG) plants across India, which entails an initial investment of about Rs 1,200 crore. This model is first of its kind in India, where the JV partner is undertaking sourcing of feedstock, EPC, operations and maintenance and offtake of organic manure, thus integrating the CBG value chain, a statement said. The proposed partnership envisages the development of 10 CBG plants, each with a designed capacity of 18 metric tonnes per day, taking the planned aggregate capacity to approximately 180 metric tonnes per day. The combined investment for the proposed portfolio is estimated at around Rs 1,200 crore, it informed. The partnership brings together Petronet LNG's established position in India's LNG and natural-gas infrastructure ecosystem with Gruner Renewable Energy's experience in CBG project development, engineering, feedstock mobilisation and plant operations. The

Petronet LNG Ltd, India's biggest gas importer, has sought shareholders' approval to continue payment of commission to its directors, capped at 1 per cent of annual profits, for another five years from financial year 2026-27 to 2030-31. The proposal, contained in the notice for the company's forthcoming general meeting, seeks approval for distribution of a sum not exceeding 1 per cent per annum of profits calculated under Section 198 of the Companies Act, 2013, among the directors in such amounts and proportions as may be decided by the board from time to time. Shareholders had last approved the commission arrangement at the annual general meeting held on September 28, 2021, for FY22 to FY26. The earlier approvals for similar payments were granted in 2007, 2011 and 2016, according to the shareholder notice. The company said the proposed continuation was being sought in view of its "healthy financial position". For the fiscal year ended March 31, 2026, Petronet paid its CEO Akshay .

Newer LNG terminals face viability risks as West Asia conflict cuts supplies, raises prices and weakens demand, even as India expands import capacity and dependence on overseas gas

West Asia conflict and disruption near the Strait of Hormuz threaten LNG shipments vital to India's fertiliser, power and manufacturing sectors, raising risks of supply shocks and higher energy costs

Angel One Equity Technical Analyst Rajesh Bhosale said that NTPC has an overall strong trend, and Petronet is trading above all major moving averages, reinforcing a positive bias

Petronet LNG Ltd, India's biggest liquefied natural gas importer, on Thursday reported a 5 per cent rise in the December quarter net profit as usage at its Kochi terminal rose to an all-time high. Net profit of Rs 848 crore in October-December 2025 - the third quarter of the current 2025-26 fiscal year - compared with Rs 806 crore earnings in the same period a year back, a company statement said. The company which operates two facilities at Dahej in Gujarat and Kochi in Kerala for import of natural gas in its liquid form (LNG), saw overall volume throughput rise by 2 per cent to 228 trillion British thermal units. "Capacity utilisation of the (17.5 million tonnes a year) Dahej terminal stood at 94 per cent in the current quarter, up from 92 per cent in the previous quarter and 93 per cent in the corresponding quarter," it said. "The (5 million tonnes a year) Kochi terminal achieved the highest ever capacity utilization of 29 per cent in the current quarter. Kochi operations have be

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Petronet LNG Ltd, India's largest gas importer, on Friday reported a 25 per cent drop in its June quarter net profit, and said it will invest Rs 6,355 crore in setting up a new import facility at Odisha. Net profit of Rs 850.58 crore in April-June was lower than Rs 1,141.58 crore last year, mainly because of lower volumes imported due to a fall in power demand on early arrival of monsoon. The firm's Dahej liquefied natural gas (LNG) import terminal in Gujarat imported 207 trillion BTUs (British thermal unit) as compared to 248 TBtus in April-June 2024, its chief executive, A K Singh, told reporters on an earnings call. Overall, the company processed 220 TBTUs in April-June - the first quarter of the current 2025-26 fiscal - as opposed to 262 TBTUs last year. "LNG throughput in Q1 is lower than corresponding quarter mainly because there was a severe power requirement (in April-June 2024) which necessitated substantial LNG imports," he said, adding this year early and severe monsoon

Local lenders including Axis Bank, State Bank of India and Union Bank of India are considering to join the facility, which is among the company's largest fundraising exercises

The company's revenue from operations declined by 10.71 per cent to ₹12,315.75 crore in Q4FY25, compared to ₹13,793.16 crore in Q4FY24

There is 95-100 per cent utilisation at Petronet's Dahej terminal whereas other terminals are under-utilised

Petronet working on supplying two natural gas-based power plants in Sri Lanka

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Petronet LNG Ltd, India's largest liquefied natural gas importer, on Wednesday reported a 40 per cent jump in its first quarter net profit on a rise in gas volumes. Consolidated net profit of Rs 1,100.76 crore in April-June - first quarter of current fiscal - compared with Rs 787.73 crore earning in the same period a year back, according to a stock exchange filing by the company. Revenue from operations rose 15 per cent to Rs 13,415.13 crore.

India's gas-fired generators, which took 5-6 cargoes of spot LNG in May, have little access to limited-term supplies and must rely on expensive spot fuels to generate power

Petronet renewing a contract to buy 7.5 million tonnes of LNG from Qatar annually from 2029 for 20 years is the largest-ever extension of super-chilled fuel in the world, and will support India's clean energy goals, officials said. The original 25-year deal was signed in 1999 and supplies started in 2004. Qatar has since then never defaulted on a single cargo and neither did it slap penalties under take-or-pay clause when the Indian firm did not take deliveries because prices were too high, top Petronet officials said. Supplies under the extended contract would start after Petronet takes deliveries of 52 cargoes it had failed to take in 2015-16 when prices had shot up sharply. While the volumes in contract have not changed, price changed four times, including the latest one when the contract extension was renegotiated. The composition of the gas promised to be delivered has also changed. RasGas, which is now QatarEnergy, had originally signed to supply 'rich' or gas containing ...

Petronet LNG Ltd, the operator of the world's largest liquefied natural gas (LNG) import terminal, will invest Rs 40,000 crore in expanding import capacity and petrochemicals with a target to treble net profit by 2028, its CEO A K Singh said. Petronet is making a foray into the petrochemical business by investing Rs 12,685 crore in a propane dehydrogenation plant that will convert imported feedstock into propylene, as well as setting up an LNG import facility at Gopalpur in Odisha at a cost of Rs 2,300 crore, he told reporters on the sidelines of India Energy Week here. The firm, which this week extended a deal to import 7.5 million tonnes a year of LNG from Qatar by 20 years, is also looking at investing in overseas projects such as a floating LNG terminal at Colombo in Sri Lanka. "We have charted a 1-5-10-40 strategy -- increasing turnover to Rs 1 lakh crore in 5 years with a net profit of Rs 10,000 crore from investing Rs 40,000 crore in expansions," he said. The strategy started

Petronet will ship 850 metric tons of gas daily to the island nation in 50 containers of 17 tons each, CEO Akshay Kumar Singh said during the India Energy Week event in Goa

An existing deal for another 7.5 MMTPA of LNG from Qatar, signed back in 1999, was also recently extended by the company till 2028

India wants to raise the share of natural gas in its energy mix to 15 per cent by 2030, up from 6.2 per cent currently, as part of an effort to cut emissions