December 12, 2017 9:32 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Petronet LNG Limited

Company Overview

Petronet LNG Limited engages in the import, regasification, and supply of liquefied natural gas (LNG) in India. It owns and operates a LNG import and regasification terminal with name plate capacity of 15 MMTPA located in Dahej, Gujarat; and a LNG terminal with name plate capacity of 5 MMTPA located in Kochi, Kerala. The company was incorporated in 1998 and is based in New Delhi, India.

World Trade Centre

First Floor

Babar Road

Barakhamba Lane

New Delhi,  110001

India

Founded in 1998

481 Employees

Phone:

91 11 2347 2525

Fax:

91 11 2347 2550

Key Executives for Petronet LNG Limited

Chief Executive Officer, Managing Director and Executive Director
Age: 60
Total Annual Compensation: 6.8M
Director of Technical and Executive Director
Age: 58
Total Annual Compensation: 5.5M
Compliance Officer and Company Secretary
Total Annual Compensation: 3.8M
Compensation as of Fiscal Year 2017.

Petronet LNG Limited Key Developments

Petronet Reportedly Dropped Its Plan To Buy A 25% Stake In Mundra LNG Import Terminal From Gujarat State Petroleum

Petronet LNG Limited (BSE:532522) has reportedly dropped its plans to buy a 25% stake in Mundra LNG import terminal in Gujarat from Gujarat State Petroleum Corporation Limited (GSPC). The Bombay Stock Exchange has also sought clarification from Petronet LNG Limited with respect to recent news item captioned "Petronet drops plans to buy 25% stake in GSPC's Mundra LNG plant". In this regard, Exchange have advised Petronet LNG to provide clarification/confirmation on the news item in detail including the following: a) Whether you/company are aware of any information that has not been announced to the Exchanges which could explain the aforesaid movement in the trading. The response from the company is awaited.

Petronet LNG Eyes Stake In Qatari LNG Projects

Petronet LNG Limited (BSE:532522) is eyeing a stake in the planned LNG expansion projects in Qatar as it looks to venture overseas to diversify its portfolio, its Managing Director and Chief Executive Officer Prabhat Singh said. Petronet wants to buy a stake that will give it a position on the board of the Qatari company, he said.

Petronet LNG Limited Announces Unaudited Standalone Earnings Results for the Second Quarter and Six Months Ended September 30, 2017

Petronet LNG Limited announced unaudited standalone earnings results for the second quarter and six months ended September 30, 2017. For the quarter, the company reported total revenue of INR 78,721.6 million against INR 67,058.8 million a year ago. Profit before exceptional items and tax was INR 8,503.5 million against INR 6,765.3 million a year ago. Profit before tax was INR 8,503.5 million against INR 6,765.3 million a year ago. Profit for the period was INR 5,887.8 million or INR 3.93 basic and diluted per share against INR 4,595.6 million or INR 3.06 basic and diluted per share a year ago. For the six months, the company reported total revenue of INR 143,779.4 million against INR 120,925.4 million a year ago. Profit before exceptional items and tax was INR 15,161.1 million against INR 12,321.2 million a year ago. Profit before tax was INR 15,161.1 million against INR 12,321.2 million a year ago. Profit for the period was INR 10,263.6 million or INR 6.84 basic and diluted per share against INR 8,374.2 million or INR 5.58 basic and diluted per share a year ago.

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
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