December 28, 2014 4:22 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Petronet LNG Ltd.

Company Overview

Petronet LNG Limited is engaged in the import, re-gasification, and supply of liquefied natural gas (LNG) in India. The company owns and operates LNG regasification terminal with the name plate capacity of 10 MMTPA at Dahej in the state of Gujarat, as well as a LNG terminal with a name plate capacity of 5 MMTPA at Kochi in the state of Kerala. Petronet LNG Limited was incorporated in 1998 and is based in New Delhi, India.

World Trade Centre

1st Floor

Babar Road

Barakhamba Lane

New Delhi,  110001

India

Founded in 1998

430 Employees

Phone:

91 11 2341 1411

Fax:

91 11 2347 2550

Key Executives for Petronet LNG Ltd.

Chief Executive Officer
Age: 63
Total Annual Compensation: $5.8M
Director of Finance
Age: 58
Total Annual Compensation: $4.1M
Director of Technical
Age: 55
Total Annual Compensation: $4.0M
Compensation as of Fiscal Year 2014.

Petronet LNG Ltd. Key Developments

Hindustan Petroleum Eyes Stake In Petronet's LNG

Hindustan Petroleum Corporation Limited (BSE:500104) is likely to acquire 8% stake in Gangaravam LNG terminal in Andhra Pradesh from Petronet LNG Ltd. (BSE:532522). "HPCL has evinced interest in taking stake in the terminal as they have a huge requirement of gas at Visakhapatnam refinery," a top Petronet official said.

Petronet LNG to Invest INR 11,000 Million in Dahej Terminal in Gujarat

Petronet LNG said that it was looking to expand its Dahej terminal in Gujarat by another 2.5 million tonne per annum (mtpa), taking the total capacity to 17.5 mtpa. The terminal is currently being ramped up from 10 mtpa to 15 mtpa. The expansion from 15 mtpa to 17.5 mtpa would cost INR 10,000 million to INR 11,000 million. At present, Petronet has four storage tanks and two more are being built as part of expansion to 15 mtpa.

Petronet LNG Ltd. Announces Unaudited Standalone Earnings Results for the Second Quarter and Half Year Ended September 30, 2014

Petronet LNG Ltd. announced unaudited standalone earnings results for the second quarter and half year ended September 30, 2014. For the quarter, the company reported net sales/income from operations of INR 108,605.3 million against INR 94,488.7 million a year ago. Profit from operations before other income, finance costs was INR 4,416.8 million against INR 3,042.5 million a year ago. Profit from ordinary activities before tax was INR 3,968.1 million against INR 2,817.5 million a year ago. Net profit was INR 2,628.1 million or INR 3.50 per basic and diluted share against INR 1,817.5 million or INR 2.42 per basic and diluted share a year ago. Total Income has increased from INR 95,096.10 million for the quarter ended September 30, 2013 to INR 110,150.10 million for the quarter ended September 30, 2014. For the six months, the company reported net sales/income from operations of INR 209,252.5 million against INR 178,258.8 million a year ago. Profit from operations before other income, finance costs was INR 7,223.8 million against INR 6,553.5 million a year ago. Profit from ordinary activities before tax was INR 6,344.1 million against INR 6,240.7 million a year ago. Net profit was INR 4,194.1 million or INR 5.59 per basic and diluted share against INR 4,070.7 million or INR 5.43 per basic and diluted share a year ago.

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