Petronet LNG Limited , a key player in India's liquefied natural gas (LNG) sector, has announced a final dividend of Rs 3.00 per share for the financial year 2024-25. The dividend, which is subject to shareholder approval at the upcoming 27th Annual General Meeting, comes with comprehensive guidelines on tax deduction at source (TDS).

Dividend Details

The Board of Directors of Petronet LNG recommended the final dividend on May 19, 2025. Shareholders on record as of July 4, 2025, will be eligible to receive the dividend, which will be paid within 30 days of its declaration at the Annual General Meeting.

Tax Deduction Guidelines

Petronet LNG has issued detailed instructions regarding TDS on dividend payments, adhering to the provisions of the Income Tax Act, 1961. The TDS rates vary based on the category of shareholders:

1. Resident Individuals:

   • 10% TDS for dividends exceeding Rs 10,000.00 annually
   • No TDS for dividends under Rs 10,000.00 per financial year

2. Non-Resident Shareholders:

   • 20% TDS or as per applicable tax treaty rates, whichever is lower

3. Institutional Investors:

   • Specific exemptions for insurance companies, mutual funds, and other qualifying institutional investors

Important Dates and Documentation

Shareholders must submit the required documentation by August 23, 2025, to avail of applicable exemptions or reduced TDS rates. The company has emphasized the importance of linking PAN with Aadhaar, as failure to do so may result in a higher TDS rate of 20%.

Shareholder Action Required

To ensure smooth processing of dividends and appropriate tax deduction:

1. Resident shareholders should verify their PAN details and Aadhaar linkage status.
2. Non-resident shareholders should provide necessary documentation for availing treaty benefits.
3. Institutional investors must submit relevant exemption certificates.

Petronet LNG has urged shareholders to carefully review the detailed circular available on the company's website for category-specific requirements and exemption procedures.

This dividend announcement, coupled with the comprehensive TDS guidelines, demonstrates Petronet LNG's commitment to shareholder value and regulatory compliance. Investors are advised to take necessary actions within the stipulated timeframe to ensure proper dividend credit and tax treatment.

Petronet LNG , India's leading liquefied natural gas importer, has announced a significant milestone in its expansion plans. The company has confirmed that its Dahej expansion project is on track for completion by the end of December, with operations expected to commence in the first quarter of 2024.

Expansion Timeline

During a recent conference call, Petronet LNG shared key updates regarding the Dahej expansion project:

• Completion Date: The expansion is scheduled to be finished by the end of December.
• Operational Timeline: The expanded capacity is anticipated to become fully operational between January and March of the following year.

Strategic Implications

The Dahej terminal expansion is a crucial development for Petronet LNG and the Indian energy sector:

• Increased Capacity: While specific figures were not provided, the expansion is expected to significantly boost the terminal's LNG handling capacity.
• Market Position: This expansion will likely strengthen Petronet LNG's position as a key player in India's growing natural gas market.
• Energy Security: The increased capacity at Dahej could contribute to India's energy security by allowing for greater LNG imports to meet the country's rising energy demands.

Looking Ahead

As Petronet LNG moves forward with the final stages of its Dahej expansion project, industry observers will be keen to see:

• The exact increase in capacity that the expansion will provide.
• Any potential impact on India's LNG import volumes and pricing.
• How this expansion fits into India's broader strategy to increase the share of natural gas in its energy mix.

The timely completion of this project and its smooth transition to operational status will be crucial for Petronet LNG to capitalize on the growing demand for cleaner energy sources in India.