{"id":613857,"date":"2023-10-31T12:37:27","date_gmt":"2023-10-31T07:07:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=613857"},"modified":"2023-10-31T12:43:14","modified_gmt":"2023-10-31T07:13:14","slug":"petronet-lng-defends-petchem-diversification-plan-after-shares-fall-8-5-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/petronet-lng-defends-petchem-diversification-plan-after-shares-fall-8-5-2\/","title":{"rendered":"Petronet LNG defends petchem diversification plan after shares fall 8.5%"},"content":{"rendered":"<p>Petronet LNG has defended the decision to diversify into petrochemicals after its shares fell 8.5% on Monday, with its CEO saying the Rs 21,000 crore-project would be profitable and &#8220;substantially improve\u201d the finances of the firm.<\/p>\n<p>Petronet\u2019s board on Monday gave a green signal to a plan to set up a petrochemical plant as well as propane and ethane handling facilities at Dahej in Gujarat, which already has its largest liquefied natural gas (LNG) import terminal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Petronet LNG has defended the decision to diversify into petrochemicals after its shares fell 8.5% on Monday, with its CEO saying the Rs 21,000 crore-project would be profitable and &#8220;substantially improve\u201d the finances of the firm. Petronet\u2019s board on Monday gave a green signal to a plan to set up a petrochemical plant as well as propane and ethane handling facilities at Dahej in Gujarat, which already has its largest liquefied natural gas (LNG) import terminal.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-613857","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/613857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=613857"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/613857\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=613857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=613857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=613857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}