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Latest news about Petronet LNG

Petronet LNG Shareholders Approve Tenure Extensions for Key Leadership Through Postal Ballot 1 day ago Yesterday

Petronet LNG Limited shareholders approved tenure extensions for Managing Director Akshay Kumar Singh (98.55% approval) and Director Technical Pramod Narang (81.94% approval) through postal ballot voting conducted from December 12, 2025 to January 10, 2026. The remote e-voting process saw participation from 2,797-2,802 members with over 1.27 crore shares voted on each resolution, ensuring leadership continuity through 2027.

Petronet LNG shares surge 5% as JPMorgan upgrade signals 18% upside potential 4 days ago

JPMorgan Upgrades Petronet LNG to Overweight, Raises Target Price to ₹335 4 days ago

Petronet LNG Limited Receives Government Nomination for New Board Director 5 days ago

Citi Warns of Regulatory Risks for Petronet LNG, Maintains Sell Rating with ₹260 Target 7 days ago

More news about Petronet LNG

02Jan 26

Pankaj Jain Ceases as Petronet LNG Chairman Following Superannuation

Petronet LNG has officially announced the cessation of Shri Pankaj Jain as Director and Chairman effective January 1, 2026, following his superannuation from the Ministry of Petroleum & Natural Gas. The company informed stock exchanges through proper regulatory channels, marking a significant leadership transition in the gas distribution major.

30Dec 25

Petronet LNG Announces Board Changes: Milind Torawane Withdrawn, Avantika Singh Aulakh Nominated as Director

Petronet LNG has announced Board changes following GSPC communication dated December 30, 2025. Shri Milind Torawane, IAS (DIN: 03632394) ceased to be Director effective December 24, 2025, while Ms. Avantika Singh Aulakh, IAS (DIN: 07549438), Managing Director of GSPC, has been nominated as Nominee Director (GoG/GMB) in his place. The company will provide detailed information about the new director following her formal appointment as per Companies Act, 2013 provisions.

30Dec 25

Petronet LNG Named Investec's 2026 Top Pick with 44% Upside Potential

Investec has designated Petronet LNG as its top pick for 2026, maintaining a 'Buy' rating with ₹400 price target implying 44% upside potential. The recommendation is based on expected 7% global LNG supply growth in 2026 and favorable pricing conditions for India, with the company's completed Dahej plant expansion to 22.5 MMTPA positioning it well to capture market opportunities.

25Dec 25

Russia Delays LNG Output Target Due to Sanctions

Russia's ambitious plan to triple its annual liquefied natural gas (LNG) production to 100 million tons by 2030 has been significantly delayed due to international sanctions, according to Deputy Prime Minister Alexander Novak. The country aimed to capture 20% of the global LNG market. Despite challenges, Russia produced nearly 30 million tons of LNG in the first 11 months of 2025. China has emerged as a key market for Russian LNG, with Russia becoming China's largest LNG supplier, surpassing Australia.

11Dec 25

Petronet LNG Receives ₹6.69 Crore GST Demand Order from Delhi Tax Authorities

Petronet LNG Limited received a ₹6.69 crore GST demand order from Delhi tax authorities on December 10, 2025, for alleged violations during FY2021-22. The demand includes penalties of ₹37.78 lakhs and interest of ₹2.54 crores for excess ITC claims and under-declaration issues. The company disputes the demand as unjustified and plans legal action, expecting no material impact on operations.

10Dec 25

Petronet LNG Executes ₹12,000 Crore Loan Agreement for Dahej Petrochemicals Project

Petronet LNG has successfully executed a ₹12,000 crore secured loan agreement with a consortium of State Bank of India and Bank of Baroda to finance its petrochemicals project at Dahej, Gujarat. The project includes 750 KTPA Propane Dehydrogenation and 500 KTPA Polypropylene facilities with propane and ethane handling capabilities, secured through comprehensive collateral arrangements.

03Dec 25

Petronet LNG Forecasts Gross Revenue of Rs 50 Billion

Petronet LNG, a major player in India's LNG sector, has forecasted its gross revenue to reach approximately Rs 50.00 billion. This projection reflects the company's confidence in its business model and market position, suggesting steady demand for its LNG services and infrastructure. The forecast comes amid India's growing LNG market, driven by increasing energy demand and a shift towards cleaner fuel options. While the specific timeframe for this projection was not provided, it offers insights into Petronet LNG's financial expectations and business outlook.

03Dec 25

ONGC and Petronet LNG Ink ₹5,000 Crore Deal for 15-Year Ethane Services

ONGC and Petronet LNG have signed a 15-year agreement for Ethane Unloading, Storage, and Handling Services, set to begin between October-December 2028. ONGC will reserve about 600 KTPA capacity at Petronet LNG's ethane storage facilities in Dahej, Gujarat. The deal is expected to generate approximately ₹5,000 crore in revenue for Petronet LNG over the contract duration. Petronet LNG is developing ethane handling facilities at Dahej, including a 1,70,000 cubic meter storage tank and a third jetty capable of handling Ethane, Propane, and LNG.

17Nov 25

Petronet LNG Announces Rs. 7 Interim Dividend for FY 2025-26 with Detailed Tax Guidelines

Petronet LNG Limited has announced an interim dividend of Rs. 7 per share for the financial year 2025-26. The record date is set for November 14, 2025. The dividend represents a 70% payout on the face value of Rs. 10 per share. The company has provided detailed tax deduction at source (TDS) guidelines for different categories of shareholders, including resident individuals, resident non-individuals, and non-resident shareholders. Shareholders must submit necessary documentation by November 21, 2025, to ensure proper tax treatment.

14Nov 25

Petronet LNG Reports 5% Decline in Q2 FY26 Net Profit Amid Lower LNG Volumes

Petronet LNG, India's largest LNG importer, reported a 5% year-on-year decline in net profit to INR 805.75 crores for Q2 FY2026. Revenue decreased by 15% to INR 11,009.00 crores. The company's Kochi Terminal achieved its highest-ever capacity utilization at 27%, while the Dahej Terminal processed 211 TBTU. Petronet LNG declared an interim dividend of INR 7.00 per share. The company is expanding its Dahej terminal capacity by 5 MMTPA, expected to be completed by March 2026.

09Nov 25

Petronet LNG Seeks Shareholder Approval for CEO and Director Tenure Extensions

Petronet LNG is seeking shareholder approval via postal ballot to extend the tenures of two key executives. The company proposes to extend Akshay Kumar Singh's term as Managing Director & CEO from February 1, 2026, to May 12, 2027, and Pramod Narang's term as Director (Technical) from November 26, 2025, to November 25, 2027. E-voting will be held from December 12, 2025, to January 10, 2026, with results announced by January 13, 2026. Singh had previously received a 15-month extension, and his total remuneration for FY 2024-25 was Rs 3.04 crore. Petronet LNG is equally owned by four state-owned oil companies: IOC, GAIL, ONGC, and BPCL, each holding a 12.50% stake.

07Nov 25

Petronet LNG Plans 500,000 Ton LNG Acquisition from Australia's Gorgon Project

Petronet LNG expects its first cargo from the Gorgon LNG Project under a new 1.2 million tonnes per year contract by March-April 2026. The company forecasts LNG prices to remain around $11-12 per MBTU, subject to winter conditions. Petronet plans to acquire 500,000 tons of LNG from Gorgon by 2026 and projects imported LNG to constitute 51% of local gas consumption by FY26. The company has declared an interim dividend of Rs. 7 per share and extended tenures for key executives.

07Nov 25

Petronet LNG Reports Strong Half-Year Performance, Declares Rs 7 Interim Dividend

Petronet LNG Limited announced financial results for Q2 and H1 FY2025-26. Net profit reached Rs 805.75 crore for Q2 and Rs 1,656.33 crore for H1. Revenue from operations was Rs 11,009.13 crore in Q2 and Rs 22,888.99 crore in H1. The company declared an interim dividend of Rs 7 per equity share. Petronet faces challenges with Use or Pay dues totaling Rs 1,392.68 crore gross. The Board approved leadership extensions for Shri Pramod Narang as Director (Technical) and Shri Akshay Kumar Singh as Managing Director & CEO, subject to shareholder approval.

07Nov 25

Petronet LNG Extends Tenures of Key Executives, Declares Interim Dividend

Petronet LNG's Board of Directors has approved tenure extensions for Director (Technical) Shri Pramod Narang and Managing Director & CEO Shri Akshay Kumar Singh, subject to shareholder approval. The company also declared an interim dividend of Rs. 7.00 per share for FY 2023-24 and approved unaudited financial results for Q2 and H1 FY 2023-24.

30Oct 25

Petronet LNG Board to Consider Interim Dividend for FY 2025-26 Amid Trading Window Closure

Petronet LNG Limited's Board of Directors will meet on November 7, 2025, to consider an interim dividend for FY 2025-26 and review unaudited financial results for Q2 and H1 FY 2025-26. The company has implemented a trading window closure from October 1 to November 9, 2025, for insiders, in compliance with SEBI regulations and the company's insider trading prevention code.

22Sept 25

Petronet LNG Strengthens Leadership: Roopesh Kumar Tiwari Appointed as Executive Director (HR)

Petronet LNG has appointed Shri Roopesh Kumar Tiwari as Executive Director (HR), effective September 22, 2025. Tiwari brings over 26 years of experience in HR roles across various industries. He will serve until reaching the superannuation age of 60 years. Tiwari's expertise spans recruitment, employee engagement, performance management, workforce development, talent management, industrial relations, mergers & acquisitions, and organizational development. He holds a Bachelor's degree in Chemistry and Zoology and a Master's in Human Resource Management and Industrial Relations from Lucknow University.

04Aug 25

Petronet LNG Reports 7% Volume Growth in Q1 FY26 Amid Lower Profits; Approves Gopalpur Terminal Expansion

Petronet LNG processed 220 TBTU of LNG in Q1 FY26, a 7% increase from the previous quarter. However, profits declined with PBT at ₹1,136.00 crores, down from ₹1,446.00 crores in the previous quarter. The company's net worth reached ₹20,233.00 crores. The Board approved an enhanced investment of ₹6,355.00 crores for a 5 MMTPA LNG terminal in Odisha. Petronet LNG is seeking a ₹12,000.00 crores loan for its capex program. A new agreement with Deepak Fertilisers for LNG supply was also announced, starting between May to July 2026.

30Jul 25

Petronet LNG Announces Rs 3 Per Share Final Dividend for FY2024-25, Issues Detailed TDS Guidelines

Petronet LNG Limited has declared a final dividend of Rs 3.00 per share for FY 2024-25, subject to shareholder approval. The record date is set for July 4, 2025. The company provided detailed tax deduction at source (TDS) guidelines for different shareholder categories. Resident individuals face 10% TDS on dividends over Rs 10,000 annually, while non-residents are subject to 20% TDS or applicable treaty rates. Institutional investors may qualify for specific exemptions. Shareholders must submit required documentation by August 23, 2025, for exemptions or reduced TDS rates. The company emphasizes the importance of linking PAN with Aadhaar to avoid higher TDS rates.

28Jul 25

Petronet LNG Set to Complete Dahej Expansion by Year-End, Operations to Begin Q1 2024

Petronet LNG has confirmed that its Dahej expansion project will be completed by the end of December, with operations set to begin in Q1 2024. The expansion is expected to significantly increase the terminal's LNG handling capacity, strengthening Petronet's market position and contributing to India's energy security. The project's completion will allow Petronet to meet growing demand for cleaner energy sources in India.

28Jul 25

Petronet LNG Reports 10% Throughput Increase Amid Challenging Market Conditions

Petronet LNG reported a 10% increase in throughput at its Dahej LNG terminal for the April-June quarter. However, the company faces challenges due to a widening gap between long-term and spot LNG prices, negatively impacting overall market demand. This price disparity is creating a complex scenario for LNG importers and consumers, potentially pushing buyers towards the spot market for more competitive pricing.

28Jul 25

Petronet LNG Anticipates Demand Surge, Unfazed by Geopolitical Risks

Petronet LNG, India's largest LNG importer, anticipates increased demand for LNG in the upcoming quarter. The company does not expect geopolitical risks to significantly impact long-term LNG prices. This optimistic forecast suggests potential growth in the energy sector and Petronet LNG's strategic positioning in the market.

28Jul 25

Petronet LNG Reports Decline in Q1 Financial Performance

Petronet LNG, India's leading LNG importer, reported a decline in key financial metrics for Q1. Net profit decreased by 20.52% to ₹850.60 crore, revenue fell by 3.14% to ₹12,122.20 crore, and EBITDA dropped by 18.13% to ₹1,402.10 crore compared to the previous quarter. The EBITDA margin compressed to 9.76% from 12.29%. Operating profit declined by 23.34% to ₹1,159.80 crore, while EPS decreased to ₹5.67. Other income showed an increase of 21.45% to ₹242.30 crore.

25Jul 25

Petronet LNG Secures ₹6,354.80 Crore Project Approval Amid Q1 Profit Decline

Petronet LNG's Board approved a ₹6,354.80 crore project for a 5 MMTPA LNG terminal in Gopalpur, Odisha. However, Q1 financials show declines with revenue down 11.44% and net profit falling 25.49% year-over-year. The company faces lower LNG demand due to reduced power plant usage and fertilizer plant shutdowns. Petronet is also addressing ₹1,421.56 crore in 'Use or Pay' dues, with ₹607.55 crore provisioned.

25Jul 25

Petronet LNG Reports Q1 Results: Profit Dips Amid Challenges in Capacity Utilization

Petronet LNG Limited announced its Q1 financial results with revenue of Rs. 11,879.86 crore and standalone profit after tax of Rs. 850.58 crore. The company faces challenges with lower capacity utilization, reporting total gross 'Use or Pay' dues of Rs. 1,421.56 crore. To address this, recovery mechanisms have been implemented. The Board approved an expansion of the Gopalpur LNG terminal to a 5 MMTPA land-based facility, with a total project value of Rs. 6,354.80 crore.

23Jul 25

Petronet LNG Seeks ₹120 Billion Loan for Expansion into Petrochemicals and New LNG Terminal

Petronet LNG Ltd. is seeking a loan of at least ₹120 billion ($1.40 billion) to finance two major projects: a new petrochemical plant in Dahej, Gujarat, estimated at ₹206.85 billion, and a 5 million ton LNG import terminal in Gopalpur, Odisha. The loan, potentially exceeding a 10-year tenor, is expected to be provided by local financial institutions including Axis Bank, State Bank of India, and Union Bank of India, with SBI Capital Markets as the financial advisor. This move represents a significant step in Petronet's strategy to diversify its operations beyond LNG importation.

10Jul 25

Petronet LNG Secures ₹1,200 Crore Regasification Deal with Deepak Fertilisers Subsidiary

Petronet LNG has entered into a long-term agreement with Performance Chemiserve Ltd, a subsidiary of Deepak Fertilisers. The 5.5-year contract, valued at ₹1,200 crore, involves the annual regasification of 25.6 TBTUs of LNG at Petronet's Dahej terminal. The agreement is set to commence between May-July 2026 and conclude in December 2031, highlighting the growing demand for natural gas in India's industrial sector, particularly in fertilizer production.

20May 25

Petronet LNG Surpasses Q4 Profit Expectations, Announces Dividend

Petronet LNG reported Q4 net profit of ₹901.70 crore, up 3.57% from previous quarter, beating analyst estimates. Revenue decreased 6.07% to ₹12,423.10 crore. Final dividend of ₹3.00 per share announced. Dahej LNG terminal expansion to 22.5 MTPA expected in 3-4 months. Long-term LNG prices around $10.00/MBTU, with Indian markets seeking lower prices. Increased LNG demand from power plants anticipated in June.

19May 25

Petronet LNG Anticipates Demand Surge as Terminal Expansion Nears Completion

Petronet LNG is close to completing its Dahej LNG terminal expansion from 17.50 MTPA to 22.50 MTPA within 3-4 months. The company anticipates increased LNG demand from power plants in June. Indian markets are seeking LNG prices below $10.00 per MMBTU, with long-term prices currently around $10.00 per MMBTU, about $1.50 cheaper than spot prices.

19May 25

Petronet LNG: Q4 Profit Surges 23%, Beats Estimates

Petronet LNG, India's leading LNG importer, reported a 23% increase in standalone net profit to ₹1,070.00 crore. Revenue rose 0.7% to ₹12,316.00 crore, while EBITDA grew 21% to ₹1,513.70 crore. The company declared a final dividend of ₹3.00 per equity share, reflecting strong financial performance and commitment to shareholder value.

16Apr 25

Petronet LNG Appoints Saurav Mitra as New Director of Finance and CFO

Petronet LNG Limited has appointed Saurav Mitra as the new Director of Finance and CFO for a five-year term, replacing Vinod Kumar Mishra. Mitra, 56, brings over 30 years of experience in the oil and gas sector, primarily with Indian Oil Corporation Limited and Lanka IOC PLC. His expertise spans financial strategy, operational excellence, project finance, and digital transformation. The appointment was approved by the Board of Directors on April 16, 2025.

08Apr 25

Moody's Reaffirms Petronet LNG's Baa3 Rating, Outlook Stable

Moody's Investors Service has reaffirmed Petronet LNG Limited's Baa3 long-term issuer rating with a stable outlook. This rating indicates moderate credit risk and adequate capacity to meet financial commitments. Petronet LNG, India's leading LNG importer, operates two terminals in Dahej and Kochi. The company recently submitted regulatory compliance certificates for Q1 2023, demonstrating good corporate governance.

08Apr 25

Petronet LNG Inks MoU with Odisha for 4 MTPA LNG Terminal

Petronet LNG has signed a Memorandum of Understanding with the Odisha state government to establish a new 4 Million Tonnes Per Annum (MTPA) Liquefied Natural Gas (LNG) terminal. This move marks Petronet's expansion into eastern India and could significantly impact Odisha's energy sector and industrial development. The project is still in its initial stages and will require further planning and approvals.