Petronet LNG’s net profit climbs 55 pct

The Kochi LNG terminal (Image: Petronet LNG)
The Kochi LNG terminal (Image: Petronet LNG)

Petronet LNG, India’s largest importer of the chilled fuel, reported a 55 percent rise in its net profit for the quarter ended June 30.

The company posted a net profit of 3.77 billion rupees for the quarter ended June 30, 2016 as compared to 2.44 billion rupees in the corresponding period a year ago.

Total income decreased 36 percent to 53.86 billion rupees for the June quarter, Petronet said in a filing to the stock exchange on Monday.

Petronet LNG recently commissioned the regasification facilities under the Dahej LNG terminal’s expansion project.

The terminal has been expanded from 10 mtpa to 15 mtpa, with the remaining part of the expansion project, the two LNG storage tanks expected to be completed by October 2016.

The company also owns the 5 mtpa Kochi LNG terminal in Kerala.

1 Indian rupee = 0.015049 U.S. dollars

 

 

LNG World News Staff

 

Share this article

Follow LNG World News

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

Flame 2020

Flame is Europe’s largest and most influential meeting place for the global gas industry.

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills…

read more >

3rd CWC Japan LNG & Gas Summit

As the only commercially focused forum for the Japanese LNG industry

read more >

Cryogenic Storage Tanks

The program committee looks forward to having the opportunity for intensive, objective and professional…

read more >