You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Petronet LNG Q2 FY22 PAT declines 11% to Rs 818 cr

Capital Market 

On a consolidated basis, Petronet LNG's net profit skid 11.1% to Rs 817.61 crore on a 73.4% surge in net sales to Rs 10,813.08 crore in Q2 September 2021 over Q2 September 2020.

The board of Petronet LNG declared a special interim dividend of Rs 7 per equity share (of the face value of Rs 10 each) of the company for the FY 2021-22. The record date for the special interim dividend is Friday, 19 November 2021.

The declared special interim dividend shall be payable on Monday, 6 December 2021.The dividend warrants would be posted on Monday, 6 December 2021 and within 30 days from the date of declaration of special interim dividend as provided in the Companies Act, 2013.

Shares of Petronet LNG gained 0.64% to Rs 237.10 on BSE. Petronet LNG was formed as a joint venture by the Government of India to import LNG and set up LNG terminals in the country, involving India's leading oil and natural gas industry players like GAIL (India), Oil & Natural Gas Corporation (ONGC), Indian Oil Corporation (IOCL) and Bharat Petroleum Corporation (BPCL). Each company held 12.50% stake in Petronet as on 30 September 2021.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, November 10 2021. 10:03 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU