Petronet LNG net up 55% at Rs 378 cr in June quarter


Petronet LNG Ltd today posted an almost 55 for each penny hop in its standalone net benefit at Rs 377.86 crore for the quarter finished June 30, 2016. 

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The organization had reported a net benefit of Rs 244.12 crore in the comparing quarter a year prior, it said in a BSE recording today. 

Be that as it may, all out pay amid the period under survey tumbled to Rs 5,386.66 crore as against Rs 8,411.61 crore a year prior. 

Petronet LNG has set up the nation's first LNG accepting and regasification terminal at Dahej, Gujarat, and another terminal at Kochi, Kerala. 

While the Dahej terminal has an ostensible limit of 10 MMTPA (identical to 40 MMSCMD of regular gas), the Kochi terminal has a limit of 5 MMTPA (equal to 20 MMSCMD of characteristic gas). The organization is in the process to construct the third terminal at Gangavaram, Andhra Pradesh. 

Framed as a Joint Venture by the Government of India to import LNG and set up LNG terminals in the nation, it includes India's driving oil and regular gas industry players. 

Its promoters are GAIL (India) Ltd, Oil and Natural Gas Corporation Ltd, Indian Oil and Bharat Petroleum. The approved capital is Rs 1,200 crore (USD 240 million).

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