Page 2 - Petronet

Petronet Q1 net up 10% on processing larger volumes of imported fuel

Net profit in April-June at Rs 700.9 crore compared with Rs 635.67 crore in the same period a year back, Petronet CEO A K Singh said on a media call.

Petronet touches 3000 LNG ship handling at Dahej terminal, to up capacity

Petronet said is undertaking a highly cost-effective expansion of its regasification capacity of the Dahej LNG Terminal, from 17.5 to 22.5 million tonnes per annum

Petronet may look at building 4th LNG import terminal to meet energy demand

Petronet operates a 17.5 million tonnes a year LNG import facility at Dahej in Gujarat and another 5 million tonnes facility at Kochi in Kerala

Petronet to invest Rs 40,000 cr, including in overseas LNG plants

Petronet plans to make foray into the petrochemical business by investing Rs 12,500 crore in a Propane Dehydrogenation Plant that will convert imported feedstock into propylene

Petronet net profit falls 11% in Q2 to Rs 823 cr; revenue jumps 70%

Petronet said its board declared a special interim dividend of Rs 7 per equity share for fiscal 2021-22

BPCL Privatisation: SEBI unlikely to exempt open offers for Petronet, IGL

India's capital market regulator is unlikely to give exemption to the company acquiring BPCL from making mandatory open offers for Petronet LNG Ltd and Indraprastha Gas

Petronet LNG seeks fresh foray into the petrochemical business

Petronet LNG Ltd is looking to reclaim the lost opportunities of the past decade as it seeks fresh foray into the petrochemical business and plans to set up an LNG import facility on the east coast

Petronet to make foray into petchem business, plans LNG terminal in Odisha

Petronet LNG Ltd plans to set up a petrochemical complex at Dahej in Gujarat as it looks to make a foray into high margin business to hedge gas trading risks, Oil Secretary Tarun Kapoor said

IOC, GAIL may buy shares if open offer for Petronet, IGL gets triggered

IOC, GAIL and ONGC may buy shares of Petronet LNG and Indraprastha Gas in the eventuality of an open offer getting triggered post privatisation of Bharat Petroleum Corporation Ltd (BPCL)

BPCL says it has no intention to pare down stake in Petronet and IGL

BPCL holds 12.5 per cent of the shareholding in India's largest liquefied natural gas importer, Petronet, and a 22.5 per cent stake in city gas retailer, IGL

BPCL may sell some stake in IGL, Petronet to shed promoter status

BPCL is a promoter of 2 companies and since there is a change in ownership of the promoter firm, an open offer is triggered under Sebi (Substantial Acquisition of Shares and Takeovers) Regulations

Former Petronet CEO Prabhat Singh joins Reliance firm India Gas Solutions

Prabhat Singh was appointed Managing Director and CEO of Petronet on September 14, 2015, for an initial period of five years

Petronet net profit slips 7% in Q1 at Rs 520.23 crore, revenue falls 43%

Revenue fell 43 per cent to Rs 4951.9 crore in the first quarter of the current 2020-21 fiscal

Petronet invokes force majeure on 9 cargoes as lockdown cuts offtake

Petronet LNG Ltd, the country's biggest gas importer, on Tuesday said it invoked the force majeure on nine cargoes after COVID-19 lockdown cut offtake by consumers.

Petronet to invest $2.5 bn in Houston's Tellurian Inc for 5 mn tonnes gas

The agreement also includes PLL making investment in the equity of $28 billion Driftwood project in Louisiana to secure the LNG

Petronet signs MoU with US natural gas firm Tellurian in PM Modi's presence

Tellurian and Petronet will endeavour to finalise the transaction agreements by March 31, 2020

H-Energy, Petronet sign deals to buy Russian LNG producer Novatek

The deals were announced hours after Prime Minister Narendra Modi arrived here on Wednesday for summit talks with Russian President Vladimir Putin

Petronet joins hands with IGL and GSPC to sell liquefied natural gas

Company CEO Prabhat Singh said it was in the final stages of inviting bids to set up Liquefied natural gas (LNG) outlets

Petronet Q2 net up 28% to Rs 589 crore

Shares of the company were trading 3.40% higher at Rs 269 per scrip on BSE

Petronet to form JV with Japanese, Sri Lankan firms for LNG plant

Petronet LNG, India's largest LNG importer would set up a LNG terminal in Colombo, Sri Lanka. Sri Lanka recently decided to set up of an LNG terminal near Colombo in a joint venture with Indian and Japanese companies. The matter was under discussions since last year. The Sri Lankan Government issued a Letter of Intent to the Govt. of India during the visit of External Affairs Minister to Colombo on Sept 1."A Joint Venture of Petronet LNG Limited along with Japanese and Sri Lankan companies will develop an LNG Terminal in Sri Lanka to provide regassified natural gas to various power plants, domestic and transport sectors in Sri Lanka. The capacity of the LNG Terminal will be decided upon the gas demand in Sri Lanka and is expected to be developed in 2 years after completion of initial formalities," said a public statement by the company.Petronet said the LNG terminal would be set up on the western coast of Sri Lanka in close vicinity of Colombo where most of the power projects ...