Petronet LNG Ltd today posted a nearly 55 per cent jump in its standalone net profit at Rs 377.86 crore for the quarter ended June 30, 2016.<\/p>\n
The company had reported a net profit of Rs 244.12 crore in the corresponding quarter a year ago, it said in a BSE filing today. <\/p>\n
However, total income during the period under review fell to Rs 5,386.66 crore as against Rs 8,411.61 crore a year ago.<\/p>\n
Petronet LNG has set up the country’s first LNG receiving and regasification terminal at Dahej, Gujarat, and another terminal at Kochi, Kerala.<\/p>\n
While the Dahej terminal has a nominal capacity of 10 MMTPA (equivalent to 40 MMSCMD of natural gas), the Kochi terminal has a capacity of 5 MMTPA (equivalent to 20 MMSCMD of natural gas). The company is in the process to build the third terminal at Gangavaram, Andhra Pradesh.<\/p>\n
Formed as a Joint Venture by the Government of India to import LNG and set up LNG terminals in the country, it involves India’s leading oil and natural gas industry players.<\/p>\n
Its promoters are GAIL (India) Ltd, Oil & Natural Gas Corporation Ltd, Indian Oil and Bharat Petroleum. The authorised capital is Rs 1,200 crore (USD 240 million).<\/p>\n","protected":false},"excerpt":{"rendered":"
Petronet LNG Ltd today posted a nearly 55 per cent jump in its standalone net profit at Rs 377.86 crore for the quarter ended June 30, 2016. The company had reported a net profit of Rs 244.12 crore in the corresponding quarter a year ago, it said in a BSE filing today. However, total income during the period under review fell to Rs 5,386.66 crore as against Rs 8,411.61 crore a year ago. Petronet LNG has set up the country’s first LNG receiving and regasification terminal at Dahej, Gujarat, and another terminal at Kochi, Kerala. While the Dahej terminal has […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[133],"tags":[],"class_list":["post-82769","post","type-post","status-publish","format-standard","hentry","category-oil-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/82769","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=82769"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/82769\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=82769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=82769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=82769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}