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Latest news about Petronet LNG

Petronet LNG Announces Rs 3 Per Share Final Dividend for FY2024-25, Issues Detailed TDS Guidelines 2 days ago

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.

Petronet LNG Set to Complete Dahej Expansion by Year-End, Operations to Begin Q1 2024 4 days ago

Petronet LNG Reports 10% Throughput Increase Amid Challenging Market Conditions 4 days ago

Petronet LNG Anticipates Demand Surge, Unfazed by Geopolitical Risks 4 days ago

Petronet LNG Reports Decline in Q1 Financial Performance 5 days ago

More news about Petronet LNG

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.